Super Signals Channel Indicator

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 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 uppish 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. 

• The price hits the lower Super Signal Channel band and refuses to break below the support
• A bullish candle appears rejecting the channel support
• The indicator plots a green arrow to signal a buy order
• Exit the buy order after you find a red arrow near the higher band

• The price rejects the higher band and refuses to move above the resistance zone
• The price plots a bearish candlestick pattern near the dynamic resistance
• Open sell order after the indicator displays a red arrow
• Exit short when the Super Signal Channel plots a green arrow