The super signal indicator is a scalping indicator used to detect the buy and sell signals in the market trend. It is a swing following indicator. It is a repaint indicator that changes its values concerning time. The super signal indicator is an indicator that gives buy and sell signals in an arrow based histogram chart. It means that this indicator is also used for indicating buy and sells rates of the market trend. This indicator can be used for detecting changings in the market trend. It also tells about whether the price is moving up or down.
SUPER SIGNAL INDICATOR: –
It also tells whether the price is trending in a bullish trend or bearish trend. For good result in price movements, you can use the following indicators with this indicator. Moving average indicator and Bollinger band indicator can be used with this indicator for a precise result. When you are trending upward just focus on the green signals and ignore the red signals and when the price is trending downward then just focus on the red signals and ignore the green signals.
CHARACTERISTICS of SUPER SIGNAL INDICATOR: -:-
SUPER SIGNAL INDICATOR is a simple indicator that can use all the timeframes and all the currency pairs but the best timeframe for this indicator is 1 Minute, 5 Minutes, 15 Minutes, 30 Minutes, 1 Hour, 4 Hours, 1 Day, 1 Week, and 1 Month. It is only a chart pattern indicator. It also has customization options like distance, alerts, email alerts, messages, colours, style and width. It uses arrows to indicate the trends in the Forex market. Mostly, used trends are bullish trend and the bearish trend. It can be used in all forex brokers but the best brokers are Meta trader 4 and 5.
The super signal indicator has 20 parameters that help this indicator for easy understanding. The 20 parameters are mentioned below:
- Bars to Calculate_ used to calculate the candlesticks and candle bars.
- Overbought Entry Zone_ used to detect overbought
- Oversold Entry Zone _ used to detect oversold
- Signals Strength Period _ used to detect the strength of the signals.
- Show Take Profit Levels_ shows the profit levels on the indicator chart
- Stop Loss Level Color_ changes the colour for stop loss for buy and sell strategies
- Take Profit Levels Color_ changes the colour for taking profit for buy and sell strategies
- Entry Level Color_ changes the colour for buy and sell entry
- Use Pop up Alert_ indicator alerts
- Use Push Alert _ Message alerts
- Use Mail Alert _ Email alerts
- Show Trade Panel_ shows the trading area
- Trade Panel Background Color_ changes the background colour of the trading panel
- Trade Panel Text Color_ used to change the text colour of the trading panel
- Trade Panel X Axis_ detects the X-axis on the trade panel
- Trade Panel Y Axis_ detects the Y-axis on the trade panel
- Trade Panel Width_ detects the width of the trade panel
- Trade Panel Height_ detects the height of the trade panel
- Font Type_ used to change the font type to simple, Italian etc.
- Font Size_ used to change the font size
USES OF SUPER SIGNAL INDICATOR:-
There are many uses of super signal indicator that helps the traders to make accurate trade. It tells about the price actions and the market trend. It is a Meta trader indicator. It uses different colours that help it in its easy understanding. It is one of the best signals indicators. It can make a profitable lie with the help of this indicator.
• super signal indicator is used to indicate strength trend in the trade.
• Its calculations are based on moving average price.
• It is used to differentiate between trending and non-trending conditions.
• It helps to identify profitable trade.
• From the rise and fall of lines in the super signal indicator graph, the traders sense the price climax.
HOW TO INSTALL super signal indicator:
• First step: – Download the super signal indicator for Meta Trader 4 platform.
• Second step: -Copy super signal indicator for Meta Trader 4. mql4 to your Meta trader Directory/experts/indicators/
• Start or restart your Meta trader 4 Client.
• Select Chart and Timeframe where you want to test your MT4 indicators.
• Search “Custom Indicators” in your Navigator mostly left in your Meta trader 4 Client.
• Right-click on super signal indicator for Meta Trader 4.mq4.
• Attach to a Chart
• Modify settings or press ok
• In the end, the super signal indicator for Meta Trader 4.mq4 is available on your Chart.
How to remove super signal indicator :
• First step: Select the Chart where is the Indicator running in your Meta Trader 4.
• Second Step: Right-click into the chart.
• Third step: Indicators list.
• At the last: Select the indicator and delete it.
These are simple and easy steps that you need to follow before starting trade because it gives you buy and sell zone indicator with almost 90% precision.
Ahead you are going to begin in real account trading you need to trade at the minimum for one month as a demo in any MT4 or MT5 brokers. It awards you more potential for getting quality payback in long or short term trading across also moving average.