Its channel is a non-repaint indicator that reacts more with recent price movements. For this reason, the Super Signals Channel Indicator is a better match for short-term or day trading strategy.
The Super Signals Channel only plots swing trading opportunities. So most of its trade signals appear during consolidation or sidelined periods of the market. Super Signals Channel Indicator for MT4 ExplanationThe green band below the price shows the dynamic support level. This indicator on
For instance, a bullish pin bar with a long tail and rejecting the green line. The green uppishly arrow below the dynamic support indicates a buy signal.
We’ll look for a sell setup when the price gets closer to the higher super-channel. In that case, the price needs to plot at least one bearish candlestick pattern before confirming a sell order.
Thankfully, you don’t need to spot the candlestick patterns by yourself.
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