Sidus V3 Indicator

Platform: MT4 Type: Trend

Last update: October 7, 2024

The Sidus V3 indicator is a popular custom forex trading indicator displaying two moving averages and buy/sell arrows.

It is a trend following indicator and it generates signals based on moving average crossover. The indicator draws the arrows at the intersection of the MA and the RSI at the 50 level.

Simplified trading rules with Sidus indicator are the following:

Open long trade after buy arrow appeared and the current candle has closed. Place your stop loss after few pips below the last swing low.
Open short trade after sell arrow appeared and the current candle has closed. Place your stop loss after few pips above the last swing high.

Important note. Sometimes when it put an arrow at the current bar, the price continues moving in the former direction, but it doesn’t remove these arrows. That issue makes it a NOT no-repainting indicator.

Check also:
Fiji Trend Indicator

How does it work? How to apply in trading?

Signals provided by that gauge are really intuitive and will not cause you difficulties. Simply follow the suggestions below.

Buy Trade

Although the Sidus generates trading signals on its own, we suggest using it in conjunction with some kind of filter. In the examples below we use it with the Daily Pivot Points indicator providing important market levels at which the price really reacts. Putting them together allows getting reliable and accurate signals.

After you get familiar with Support&Resistance Levels and Pivot Points for the current day, you should be looking for price action rejecting a support level. The next step is the occurrence of an aqua arrow pointing up. This is a triggering point and you should open long trade now. Set your Stop Loss below the last swing low of the market and set your Take Profit at another important market level or once your trade hits the 1:2 risk to reward ratio.

Example of buy trade with Sidus indicator.

Sell Trade

Similarly, after you get familiar with Support&Resistance Levels and Pivot Points for the current day, you should be looking for price action rejecting a resistance level. The next step is the occurrence of a yellow arrow pointing down. This is a triggering point and you should open sell trade now. Set your Stop Loss above the last swing high of the market and set your Take Profit at another important market level or once your trade hits the 1:2 risk to reward ratio.