Super Smoother Levels Indicator

Super Smoother Levels Indicator

Super Smoother Levels indicator for MT5 it is a great Forex indicator to filter out random market noise. The best price smoothing Non-lagging forex indicator.

The Super Smoother Levels Indicator for Metatrader is a special tool designed to filter out random market noise. It outperforms traditional moving averages (EMAs) in filtering the uneven movement of an asset’s price data.

The indicator includes trend tracking features and a smoothing effect, making it virtually lag-free compared to the EMA. This means that the Super Smoother Levels indicator will be a great choice, especially for trend following traders.

In addition, the indicator is chat friendly and suitable for beginners, intermediate and advanced traders. It can also be used for scalping, day trading and swing trading.

How to Trade With Super Smoother Levels Indicator

The above screenshot depicts how the indicator would look on your MT5 platform. It also illustrates how to identify a high probability setup.

This indicator is not recommended to be used in isolation, but in synergy with price action and/or other technical indicators. So, essentially, the indicator would come in handy as a confluence to help you filter out false moves and consequently trade in the direction of the trend.

BUY Signal: Firstly, wait for the market to start printing higher highs and higher lows (bullish trend). Now, wait for a bearish retracement and then open a BUY/LONG position after the price closes above the SSL indicator.

SELL Signal: Firstly, wait for the market to start printing lower highs and lower lows (bearish trend). Now, wait for a bullish retracement and then open a SELL/SHORT position after the price closes below the Super Smoother Levels indicator.

Conclusion
The SSL indicator for MT5 is the best trend filter for analyzing different assets in the forex market. What’s more, the indicator is free to download.