Super Kay Sniper V2 Indicator for MetaTrader 4 – Free Download [TradingFinder]

The Super Kay Sniper V2 Indicator, with adaptive channels synchronized with price fluctuations, identifies key market areas to detect reversals or trend continuations.

These channels act as dynamic support and resistance zones, and when combined with color signals (a green circle for buy and a red circle for sell), they display entry and exit points.

Super Kay Sniper V2 Indicator Table

The general specifications of the Super Kay Sniper V2 Indicator are presented in the table below:

Super Kay Sniper V2 Indicator at a Glance

The Super Kay Sniper V2 Indicator, utilizing adaptive channels, maps dynamic support and resistance zones that adjust in response to market fluctuations.

When the price reaches the upper boundary of the channel and a red signal is issued, a bearish reversal is probable; conversely, touching the lower boundary with a green signal indicates the beginning of a bullish move.

This trading tool, by combining price action with channel structure, generates more reliable signals than simpler tools and reduces false errors.

Indicator in an Uptrend

The following chart shows the AUD/JPY index on the 1-hour timeframe.

In this indicator, the bullish scenario forms when the price touches the lower boundary of the adaptive channel and simultaneously or within a few candles ahead, a green signal is issued.

This situation indicates oversold conditions and a higher probability of price reversal upward, thereby creating a suitable zone for entering buy trades.

Indicator in a Downtrend

The following chart shows the NZD/CHF index on the 15-minute timeframe.

In this indicator, the bearish scenario is triggered when the price reaches the upper boundary of the adaptive channel and a red signal appears.

This condition indicates overbought levels and a probable beginning of a downward reversal, providing a suitable entry zone for selling trades.

Super Kay Sniper V2 Settings

The image below shows the settings panel of the Super Kay Sniper V2 Indicator:

• Sensitivity: Sensitivity adjustment
• PeriodWeakChannel: Weak channel period
• PeriodMainChannel: Main channel period display
• PivotBar: Pivot candle
• ALERT: Alert
• EMAIL: Send email
• NOTIFICATION: Send notification
• MESSAGE_TIMEOUT: Message delay timing
• MESSAGE_SUBJECT: Message subject

Conclusion

The Super Kay Sniper V2 Indicator is a practical tool for identifying trend reversals and finding suitable entry and exit points in the market.

Using adaptive channels and color signals, it clearly shows overbought and oversold conditions, making it a suitable option for both short-term and long-term trading.