The LCM PIVOT SCANNER scans multiple currency pairs and multiple time frames to find SWING PIVOT SIGNALS as taught in THE LAWS OF CHARTS AND MEN… The signals are derived from the LCM SIGNALS REV indicator that has been provided in the download of your book purchase. Be sure to install the pivot scanner in your metatrader “EXPERTS “folder and not the INDICATORS FOLDER… The boxes on the Lcm pivot scanner show the time frames that have closed with a pivot signal at the end of the last price candle for that time period. Click on the box underneath the time frame and for a chosen currency pair and the chart of the chosen time frame for that pair will pop up. When first placing the scanner on your chart or if you already have it running on a chart when you open your metatrader platform you need to give the scanner up to 60 seconds to start displaying signals. It takes a moment for the scanner to scan through all of the pairs and time frames. While it is scanning your metatrader platform will be on hold until the scan has finished.
1.In order to activate the scanner for use you will need the provide the License key. At the top of the inputs ( arrow #1 ), double click on the value box and paste you license key into the box.
2.Arrow #2 points to the instruments that the scanner will scan for signals. Some of the default trading instruments my not be a part of your metatrader account. Delete any trading pairs/instruments that are not a part of your metatrader account. If you don’t do this, the scanner will slow down the platform and may give signal errors.
3.Arrow #3 points to the supertrend indicator settings. You want the supertrend perios at 10 and the supertrend multiplier at 3. When “USE SUPERTREND” input is set to true, the scanner will only display signals that are in the direction of the current trend. If the setting is false the scanner will display all signals regardless of trend direction of the signal..
4.Signal Alert notifications can be chosen for platform notifications, text notifications, and email notifications.
5.You can enable or disable whichever time frames you want to see signals on. The fewer the time frames the faster the scanner can scan through the pairs. The most reliable signals are the daily time frame and up. I look at the 1hr, 4hr, daily, and weekly. I may enter on a 1 or 4hr signal if it is in the direction of an existing daily or weekly signal
6.TEMPLATE NAME – The template is the name of the template you want displayed on your chart when you click on a signal box. IMPORTANT: IN ORDER FOR THE CHART TO DISPLAY THE SUPERTREND AND THE LCM SIGNALS INDICATORS, YOU MUST PLACE THEM ON THE CHART. THE DEFAULT TEMPLATE NAME IS #1.tpl. You will need to place the mentioned indicators on a chart and save the template in your templates folder with the same name as the default name you see at arrow #6. Make sure that you enter the inputs for the supertrend candles inputs are the same as you have for it in the scanner ( 10 & 3 ).
1.In order to activate the scanner for use you will need the provide the License key. At the top of the inputs ( arrow #1 ), double click on the value box and paste you license key into the box.
2.Arrow #2 points to the instruments that the scanner will scan for signals. Some of the default trading instruments my not be a part of your metatrader account. Delete any trading pairs/instruments that are not a part of your metatrader account. If you don’t do this, the scanner will slow down the platform and may give signal errors.
3.Arrow #3 points to the supertrend indicator settings. You want the supertrend perios at 10 and the supertrend multiplier at 3. When “USE SUPERTREND” input is set to true, the scanner will only display signals that are in the direction of the current trend. If the setting is false the scanner will display all signals regardless of trend direction of the signal..
4.Signal Alert notifications can be chosen for platform notifications, text notifications, and email notifications.
5.You can enable or disable whichever time frames you want to see signals on. The fewer the time frames the faster the scanner can scan through the pairs. The most reliable signals are the daily time frame and up. I look at the 1hr, 4hr, daily, and weekly. I may enter on a 1 or 4hr signal if it is in the direction of an existing daily or weekly signal
6.TEMPLATE NAME – The template is the name of the template you want displayed on your chart when you click on a signal box. IMPORTANT: IN ORDER FOR THE CHART TO DISPLAY THE SUPERTREND AND THE LCM SIGNALS INDICATORS, YOU MUST PLACE THEM ON THE CHART. THE DEFAULT TEMPLATE NAME IS #1.tpl. You will need to place the mentioned indicators on a chart and save the template in your templates folder with the same name as the default name you see at arrow #6. Make sure that you enter the inputs for the supertrend candles inputs are the same as you have for it in the scanner ( 10 & 3 ).