Sidus Trading Signals Indicator
MT4Also Available for MT5The Sidus Trading Signals Indicator for MT4 is a forex trading tool that was designed to identify buy/sell entry points in line with the Sidus trading method.
Description
Sidus Trading Signals Indicator for MetaTrader 4 is a forex trading tool that was designed to identify buy/sell entry points in line with the Sidus trading method. For reference, the Sidus trading method is a trading system that generates buy/sell entry opportunities when two distinct moving averages cross a trend channel to the upside/downside.
So, in essence, what the indicator does behind the scene is to analyze the market in line with the Sidus trading method and then paints a lime/red signal arrow once the setup conditions are met.
The lime and red arrows of the indicator depict that the moving averages have crossed above/below a trend channel, which also implies buy/sell signals, respectively. This makes it a chart-friendly technical tool suited for both novice/intermediate and advanced traders.
However, the indicator is recommended to be used along with price action/and or other technical trading tools to achieve better results. This helps as a confluence to filter out any false signals that may be generated, especially in a ranging market.
How to Trade With the Sidus Trading Signals Indicator
The above image depicts the action of the indicator on the EURUSD currency pair in the H1 time frame.
From the image, you can see that several buy/sell signals were generated, but price action (bullish/bearish engulfing candlestick pattern) was used as a confluence to determine the possible direction of the trend. In other words, the buy/sell entries were valid because they were in sync with price action.
Conclusion
The Sidus Trading Signals indicator for MT4 is recommended for scalpers, day/intraday, and swing traders to find trading opportunities in line with the Sidus trading method. What’s more, it is free to download.
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