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Rainbow SuperTrend

5

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


Comentarios 2
Raja
971
Raja 2024.01.27 06:40 
 

Great !!

jiab
436
jiab 2023.01.16 03:12 
 

good job!!!

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Indicadores
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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
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Raja
971
Raja 2024.01.27 06:40 
 

Great !!

jiab
436
jiab 2023.01.16 03:12 
 

good job!!!

Eko Baskoro
12883
Respuesta del desarrollador Eko Baskoro 2023.02.23 02:59
thank you!
Respuesta al comentario
Versión 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