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Rainbow SuperTrend

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Published: 27 December 2022

Current version: 1.1

Rainbow SuperTrend

Name: Rainbow SuperTrend
Rating: 5 (2 reviews)
Author: Eko Baskoro

Indicators
Eko Baskoro
Version: 1.1
Updated: 8 January 2023

Super Trend is one of the most popular custom indicators that it doesn't provided in metatrader 4 (MT4) platform.

Rainbow SuperTrend has some advantages, there are can display the trend direction and stop loss line based on Average True Range (ATR).

This indicator is good to used for trailing stop trading style, because when the price direction is trending the stop loss point can adjust based on supertrend line.

It is the high recommended to using this indicator combined with oscillator indicator to identify divergence point.

Optimization has been done in version 1.1. Highly recommended using EMA SuperTrend Strategy Indicator if you want to get better result in here: https://www.mql5.com/en/market/product/91664

Input parameters:

1. ATR_Period (The period number that used to adjust ATR values).

2. ATR_Multiplier (Using this value to adjust the trend of Rainbow SuperTrend indicator).

3. ATR_Divisor (This input is used to adjust the distance of every buffer to each others).

4. Max_History_Bars (it is used to display how many bars of indicator).

5. Size_of_Buffers.

Trading wisely with always using money management!

more...

972

Raja 2024.01.27 06:40 #

Great !!

436

jiab 2023.01.16 03:12 #

good job!!!

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Zeta EA MT4 is an expert advisors that built based on chart patterns, unique ATR calculaltion, simple support resistance and adjustable fractals. This EA has been tested theoretically and practically through backtesting in many pairs (currency) and timeframes (especially H1, H4 and D1). We recommended to carry out backtesting first by setting the initial deposit and lots_minimum based on existing financial condition and market. Why Zeta EA MT4 version 1.7 is so good? There are many reasons

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Luna EA MT4 is an expert advisor that works based on chart pattern, simple support resistance and candle range. This EA has been comprehensively tested in many pair/currencies, time frame H1, H4 and D1 and shows excellent results. Based on the backtest results, it shows that in all main pairs (EURUSD, GBPUSD, AUDUSD, USDJPY, and USDCHF) and timeframe H1, H4 and D1 since 2017 to early2024 get positive profit results. We recommended to carry out backtesting first by setting the initial deposit a

49 USD

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Raja 2024.01.27 06:40 #

Great !!

436

jiab 2023.01.16 03:12 #

good job!!!

11472

Reply from developer Eko Baskoro 2023.02.23 02:59 #

thank you!

Version 1.1 2023.01.08

Optimilization has been done in version 1.1.
If you want to get better result highly recommended to try EMA SuperTrend Strategy Indicator