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Super Signal V3

Enhance your forex trading with the The Super Signal V3 Indicator. Indicator generates accurate buy/sell signals.

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Description

The Super Signal V3 indicator for MetaTrader 4 (MT4) is a trend-following technical analysis system developed to help forex traders find trading opportunities. It detects trend reversal zones using past and current price data of an asset of interest to display a BUY/SELL signal.

The indicator displays a GREEN arrow to indicate a bullish trend, suggesting a BUY zone. Similarly, it paints a YELLOW arrow, which depicts a potential bearish trend and a SELL zone signal. In addition, it also displays a RED star, which indicates an initial trend reversal signal.

However, the indicator generates high-probability winning signals on the higher time frames. Nonetheless, scalpers may use it on the lower time frames in the direction of the higher ones to catch a few pips.

Furthermore, the signal generated by the Super Signal V3 indicator tends to be more efficient when it is in sync with price action/other technical indicators.

Features of the Indicator

The Super Signal V3 indicator uses signal arrows to depict an instrument’s BUY and SELL trading opportunities. Besides, it has an alert system that sends trade signal alerts to a trader via email or push messages.

Furthermore, it is compatible with the MT4 platform and works on all the timeframes. Also, it supports the customization of the inbuilt parameters to suit a trader’s preference.

Benefits of Using the Indicator

  1. Generates accurate BUY and SELL Entries: The indicator automatically analyses a financial asset and then displays powerful entry points to BUY or SELL it.
  2. Trend Identification: The arrows of the indicator also double as a trend direction detector that tells the market’s direction.
  3. Trade Management: The opposite signals of the BUY and SELL arrows can also be used by a trader to either trail a stop loss or exit a trade position.

Indicator Description Settings

The indicator comes with the following customizable settings:

dist2: Determines the rate at which signals are generated.

dist1: Determines the rate at which the stars are displayed.

alertsOn: Enables/Disables the signal alert function.

alertsOnCurrent: Enables/Disables signal alert on the current candlestick forming.

alertsMessage: Enables/Disables signal alert via message.

alertsSound: Enables/Disables the alert sound system.

alertsEmail: Enables/Disables signal alerts via email.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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