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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 (1 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!

Thanks for your support.
www.mql5.com/en/users/ekobaskoro12/news
https://paypal.me/baskoroeko?country.x=ID&locale.x=en_US

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436

jiab 2023.01.16 03:12 #

good job!!!

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Fibonacci retracement is an object or function that is often used by traders to determine values of fibonacci levels. When to open position, where is the breakout or limit point, stop loss position and take profit position can be determined based on fibonacci levels. But commonly, this object only can be used manually in Metatrader 4 (MT4). Therefore we need an indicator of fibonacci retracement. The use of indicator will make decision making easier, faster, and more consistence. We recommend t

49 USD

Zeta EA MT4 is an expert advisor that built based on complex algorithm like chart patterns, simple support resistance, automatic lots function and others functions. The last optimized of Zeta EA MT4 version 1.14 has been done on 11 October 2024. The optimization in many functions and strategies has been done. This EA uses the same trading strategies for all currency pairs on the time frame D1 and has been tested theoretically and practically through backtesting in many pairs (currencies) and tim

49 USD

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