Super Levels indicator for intraday trading
Super Levels indicator - is an indicator that displays strong support and resistance levels and, based on them, gives recommendations on how to enter the trade:
- The line in red is level of support;
- The line of blue is resistance level;
- The green line is the level of take profit.
The signal for entering a position is a breakthrough of one of the marked support/resistance levels.
According to the experts at fortrader.org, Super Levels indicator will be useful for scalping and pipsing, however, to avoid false signals, it is not recommended to use it before and during the release of important economic statistics.
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