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Supertrend Gold MT5

A pending order generator triggered by supertrend can be found here https://www.mql5.com/en/market/product/122499


SuperTrend is one of the most common ATR based trailing stop indicators.


Version 2 Updates:

Based on Luxalgo Supertrend AI Indicatior.

added stoploss


In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA.

The ea is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier. The default values used while constructing a superindicator are 10 for average true range or trading period and three for its multiplier.

The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility.

The buy and sell signals are generated when the ea starts plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price.

A ‘Supertrend’ ea can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it fails in a sideways-moving market.


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Versão 2.1 2024.09.09
Removing unused inputs
Versão 2.0 2024.09.07
Improved indicator
added stoploss