Summary Signal Line: Automated MT5 trading indicator delivering smoothed market sentiment signals

This Summary Signal Line review for 2026 presents performance-oriented analysis and practical observations from live and backtest data. The first section of this review looks at how Summary Signal Line aggregates multiple technical indicators, how smoothing affects signal frequency, and which market regimes produced the most consistent performance. The 2026 performance analysis uses sample live account statistics showing a higher signal-to-noise ratio after smoothing, with faster identification of directional bias in trending phases. Summary Signal Line is unique because it fuses five classical indicators into one continuously updated sentiment line rather than issuing discrete buy or sell arrows. The algorithm weights moving average trends, RSI momentum, Bollinger Band volatility, Stochastic cycles, and ATR-based volatility into a composite score that is then smoothed to reduce whipsaw. This design makes the indicator resilient in moderate trends and range breakouts while providing clear visual cues via a green-to-red gradient. In practice, the indicator handles trending markets best and can be tuned for range detection by adjusting smoothing and sensitivity parameters. Risk management is implemented externally by the trader, but Summary Signal Line supports ATR-based stop suggestions and entry filters to limit exposure. Expected performance characteristics include fewer but higher-probability signals, clearer trend identification, and reduced drawdowns compared with raw individual indicators. Evgeniy Kornilov designed the tool with MT5 compatibility and practical settings for traders who value transparency and control.