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Super Point Signal Indicator

Overview of the Super Point Signal indicator and how to use it The origin of the Super Point Signal indicator is unknown. We can say that ...

Overview of the Super Point Signal indicator and how to use it
The origin of the Super Point Signal indicator is unknown. We can say that this is a rootless, almost unknown product from the author by the name of Kravcoff (Russian mql4 programmer). ìWhich however did not provide indications on how to use the indicator to trade.
Super Point Signal is an indicator for MT4 without redrawing.
Market conditions for using the indicator
Indicator signals appear when a relatively calm price behavior is observed in the market, and during strong trend movements the algorithm is “silent”.
The Super Point Signal indicator. Over-short-term trading is not suitable, since with significant changes for the minute chart, no signals are given, which means that good moments are missed for opening a position.
Super Point signal is suitable for time frame 15 min, 30 min, 60 min.
Whit the filter can be used also at 5 min time frame.
How to trade using the Super Point Signal indicator
By the name of the algorithm you can guess that a signal in the form of a "super point" will appear on the graph. The Super Point Signal indicator shows a red dot when the market is expected to move down, so this is the best time to conclude a deal to reduce prices. If a green dot appears on the chart, then you need to consider the possibility of opening a position for market growth.
In many cases, this instrument does give accurate signals, but its disadvantage is that a large number of convenient moments for trading are missed, and these can be large movements with great potential.
It is necessary to combine Super Point Signal with other tools, for example, the RSI indicator. If you look at the following figure, it can be noted that a reliable signal comes when Super Point Signal recommends opening a deal to go down. At the same time, the RSI signals that the market is overbought.
Super Point Signal gives uncertain signals, RSI indicators will deter the trader from buying, since there is no overselling or overbought. False or weak signals are filtered to protect the deposit from unsuccessful trading operations.
It is also worth noting that the Super Point Signal indicator can deliver a series of signals in one direction.

Super Point Signal Indicator

Super Point Signal Indicator

Super Point Signal Indicator

In my opinion the best way to filter this signal and get the best results is with the TMA Bands.
This trading method is also good for scalping at 5 min e for trading with binary options High/low.
Template Indicators:
TMA with Distance 61 periods, 2.61 atr, 110 atr periods.
TMA with Distance 61 periods, 3.8 atr, 110 atr periods.
Super signal point.
Buy
Price action reaches and breaks the lower TMA bands, a necessary condition. Wait until the price reverses and the buy arrow of Super Point signal appears.
Sell
Price action reaches and breaks the upper TMA bands, a necessary condition. Wait until the price reverses and the sell arrow of Super Point signal appears.
In this type of strategy it is a valid alternative to robust trend indicators such as Half Trend. But which one is better? Depends on market conditions. In the markets in range and medium trend the super point signal in the Medium trend and trend following markets is better than Half Trend. The Half Trend is regular and costant.

Super Point Signal Indicators

Super Point Signal Indicators

Super Point Signal Indicators

Super Point Signal Indicators


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