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OriginalSuperTrend

Supertrend is a trend following indicator based on  the Average True Range  (ATR)  .

Calculating the odd line combines trend detection and volatility.

It can be used to detect changes in trend direction and position stops.



Basic knowledge

Supertrend is a trend following indicator. It takes up space on the main chart and its plots show the current trend. A Supertrend can be used for varying durations (daily, weekly, intraday, etc.) and varying instruments (stocks, futures or forex).

Supertrend has a variety of entries that you can adjust to suit your trading strategy. Adjusting these settings allows you to make the indicator more or less sensitive to price changes.

For Supertrend entries you can set atrLength and multiplier:

  • The atrLength setting is the loopback length for ATR calculation;
  • The multiplier is what the ATR is multiplied by to balance the bands in price.


What to pay attention to?

When the price falls below the indicator curve, it turns red and indicates a downtrend.

Conversely, when the price moves above the curve, the indicator turns green, indicating an uptrend.

After every close above or below the supertrend, a new trend emerges.


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Trend Reversal Scanner MT5
Reza Aghajanpour
5 (4)
Indicators
**   All Symbols   x   All Timeframes   scan just by pressing scanner button ** *** Contact me  to send you instruction and add you in "Trend Reversal group" for sharing or seeing experiences with other users. Introduction: Trendlines are the most famous technical analysis in trading . Trendlines continually form on the charts of markets across all the different timeframes providing huge opportunities for traders to jump in and profit on the action. In the other hand,  The trendline reversal str
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An invention that will turn your working principles upside down. Especially in horizontal and stagnant markets, annoying losses can occur. Besides, following trend lines, support and resistance can be tiring. To put an end to all this, I decided to create a professional "moving average" indicator. All you have to do is follow the colors. If you need additional support, I recommend the "Heiken-Ashi" candle indicator in my profile. I wish you lots of profit..
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