The Super Signal V3 Indicator for MT5 is a simple yet powerful tool that helps Forex traders identify the direction of a trend and potential entry and exit points. By plotting dots and channel lines on the chart, this indicator makes it easy to interpret market momentum and make informed trading decisions.
The indicator provides clear visual cues:
Green dots: Indicate upward momentum → BUY opportunities
Red dots: Indicate downward momentum → SELL opportunities
Additionally, the channel boundaries act as dynamic support and resistance levels:
Dark green line: Support level
Pink line: Resistance level
The indicator signals appear when the market pattern shifts. It works best on longer timeframes, as lower timeframes may generate false signals. The signals resemble the Fractal Pattern indicator but with closer spacing, providing timely entry points for swing and trend traders.
Plots BUY (green) and SELL (red) dots for trading signals
Draws channel lines indicating trend direction and support/resistance
Works best on higher timeframes for accurate signals
Suitable for Forex traders of all levels
Simple and free to download
Wait for a green dot to appear, signaling upward momentum.
Confirm the trend by checking the channel line direction is upward.
Place a BUY order with stop-loss below the support line.
Close the trade when a red dot appears or the trend shows weakness.
Look for a red dot, indicating downward momentum.
Ensure the channel line is pointing downward.
Place a SELL order with stop-loss above the resistance line.
Exit the trade when a green dot appears or trend reverses.
Traders should wait for the trend to fully develop before entering a trade to avoid false signals.
Provides clear visual BUY and SELL signals
Highlights trend direction through channel lines
Acts as support and resistance for better risk management
Suitable for all Forex pairs and major currency markets
Enhances trend-following strategies with timely alerts
Combine with other technical indicators like moving averages or RSI to filter signals
Use higher timeframe charts for more reliable trading decisions
Apply stop-loss orders at channel boundaries to minimize risk
Avoid trading on incomplete trends; wait for signal confirmation
The Super Signal V3 Indicator MT5 is a user-friendly and efficient tool for Forex traders. It clearly identifies trend direction with green and red dots while providing channel lines as dynamic support and resistance levels. The indicator is free to download and can enhance trading strategies for beginners and experienced traders alike. Visit IndicatorForest.com for this and other MT5 trading indicators.
Published:
Nov 29, 2025 01:40 AM
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