The Super Signal V3 indicator is a simple MT5 indicator that shows the general direction of a trend. It draws dots on the chart to illustrate uptrends and downtrends, and it also draws channel lines whose direction indicates the current trend.
Signal points appear when the market pattern shifts. Green dots indicate upward momentum. Conversely, in a downtrend, the indicator creates a red dot.
The indicator saves you the hassle as it indicates the entry and exit points. When there is a red circle, it is a sell signal, and when there is a green circle, you can go long.
Channel boundaries act as support and resistance levels. The dark green line acts as a support level and the pink line acts as a resistance level.
When looking for trading signals, traders should use the indicator on longer timeframes, as the indicator can give false signals on lower timeframes.
The Super Signal V3 indicator looks similar to the Fractal Pattern indicator. However, there is not much space between the signals of this indicator.
Signal points appear when the market pattern shifts. Green dots indicate upward momentum. Conversely, in a downtrend, the indicator creates a red dot.
The indicator saves you the hassle as it indicates the entry and exit points. When there is a red circle, it is a sell signal, and when there is a green circle, you can go long.
Channel boundaries act as support and resistance levels. The dark green line acts as a support level and the pink line acts as a resistance level.
When looking for trading signals, traders should use the indicator on longer timeframes, as the indicator can give false signals on lower timeframes.
The Super Signal V3 indicator looks similar to the Fractal Pattern indicator. However, there is not much space between the signals of this indicator.
