The Beast Super Signal indicator is a simple, and easy to use trend based indicator. It will continuously monitor current price action looking for new trends developing or strong reversals building at extreme price levels, and trends that have reached strong exhaustion levels.
The Beast Super Signal indicator will monitor the current price, and only when all of the internal strategies align, and are in 100% agreement with each other, the indicator will paint a new buy or sell signal arrow on the chart. All you need to do is buy or sell when you get a new arrow alert, no additional confirmation is needed.
The Beast Super Signal indicator will give you Entry, Stop Loss, and 3 X Take Profit level suggestions which you can use if preferred.
There are 2 input options for calculating how the SL & TP levels are calculated on the chart.
1. SL & TP levels are calculated using average daily range volatility. 2. SL & TP levels are calculated using Risk & Reward ratios 1:1, 1:2, and 1:3.
There are parameters in the input settings to further customize the indicator to your own preference, however the standard default settings have been optimized for best performance.
There is a trade panel that will display account details and all the trade and signal information and statistics. It will calculate the amount of signals, total profit, how many times it hit TP, and the indicators success rate. The panel is fully editable so you can change the colors and the size to your personal preference. It is also a great tool for manual back testing when looking for the optimal settings for your trading.
There is an additional filter to increase or decrease the amount and frequency of signals, the Signal Strength Period. The higher the filter is set the fewer signals you will have, but with increased accuracy. You can change the input to your preferred level for trading.
The indicator has multiple alert options including pop up alert, email alert, and push notification alert.