Introduction to the Super Trend Indicator
One of the methods that traders use to determine a potential trend reversal is with the use of the Average True Range (ATR). The idea is that the market has reversed whenever price moves against an established trend by more than a multiple of the ATR.
Let us take a look at the Super Trend indicator which is an indicator based on this concept.
What is the Super Trend Indicator?
The Super Trend indicator is a trend following indicator which makes use of the ATR as a basis for identifying trend reversals.
It plots a line below price action to indicate a bullish trend, and above price action to indicate a bearish trend.
This version of the Super Trend indicator shades the area between price action and the Super Trend line to visually indicate the trend direction. A pale green shade indicates a bullish trend, while a bisque shade indicates a bearish trend.
How the Super Trend Indicator Works?
The Super Trend indicator plots a line away from price action with a distance which is based on the product of the multiplier and the ATR. In an uptrend, the indicator subtracts the product of the multiplier and the ATR from the highest high within the preset period. In a downtrend, it adds the product of the multiplier and the ATR to the lowest low within the same preset period.
The line shifts whenever price closes on the opposite side of the line. This also changes the color of the shade between the line and price action.
How to use the Super Trend Indicator for MT5
The Super Trend indicator has three variables within its settings.
“Periode” refers to the number of periods in which the highest high or lowest low is based on, as well as the number of periods the ATR will be computed on.
“Multiplier” refers to the multiplier used to determine the distance of the line from price action.
“Show as DRAW_FILLING” toggles the shade between the line and price action on or off.
The Super Trend indicator can be used either as a trend direction filter wherein traders would trade only in the direction indicated by the Super Trend line, or as a trend reversal signal wherein traders would open trades on the shifting of the lines.
Thenga ukusethwa kwezohwebo
Ungena nini?
The Super Trend line should be below price action. Wait for price to pullback on an uptrend market. Open a buy order as soon as a bullish reversal candlestick pattern forms after the pullback. Setha ukulahleka kokuma ngaphansi kwephethini.
Uphuma Nini?
Close the trade as soon as price action shows signs of a probable reversal.
Thengisa ukusethwa kwezohwebo
Ungena nini?
The Super Trend line should be above price action. Wait for price to pullback on a downtrend market. Open a sell order as soon as a bearish reversal candlestick pattern forms after the pullback. Setha ukulahleka kokuma ngaphezu kwephethini.
Uphuma Nini?
Close the trade as soon as price action shows signs of a probable reversal.
Isiphetho
The Super Trend indicator is a widely used trend following indicator. It is highly useable both as a trend direction filter or as a trend reversal signal indicator.
It is also best used when the trades are opened at or near the beginning of a fresh trend reversal.
Izinkomba ze-MT5 – Landa Imiyalo
Super Trend Indicator for MT5 is a Metatrader 5 (MT5) inkomba kanye nengqikithi yale nkomba yezobuchwepheshe ukuguqula idatha yomlando onqwabelene.
Super Trend Indicator for MT5 provides for an opportunity to detect various peculiarities and patterns in price dynamics which are invisible to the naked eye.
Ngokusekelwe kulolu lwazi, abathengisi bangathatha ukunyakaza kwentengo okuqhubekayo futhi balungise isu labo ngokufanele. Chofoza lapha ukuthola amasu we-MT5
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How to install Super Trend Indicator for MT5.mq5 to your MetaTrader 5 Ishadi?
- Download Super Trend Indicator for MT5.mq5
- Copy Super Trend Indicator for MT5.mq5 to your Metatrader 5 Uhla lwemibhalo / ochwepheshe / izinkomba /
- Qala noma qala kabusha i-Metatrader yakho 5 Iklayenti
- Khetha Ishadi nesikhathi esibekiwe lapho ufuna ukuhlola inkomba yakho ye-mt5
- Sesha “Izinkomba Zokwezifiso” ku-Navigator yakho ikakhulu kwesobunxele ku-Metatrader yakho 5 Iklayenti
- Right click on Super Trend Indicator for MT5.mq5
- Namathisela eshadini
- Shintsha izilungiselelo noma cindezela ok
- Indicator Super Trend Indicator for MT5.mq4 is available on your Chart
How to remove Super Trend Indicator for MT5.mq5 from your Metatrader 5 Ishadi?
- Khetha Ishadi lapho i-Indicator isebenza ku-Metatrader yakho 5 Iklayenti
- Qhafaza kwesokudla kuShadi
- “Uhlu lwezinkomba”
- Khetha inkomba bese ususa
I-Super Trend Inkomba ye-MT5 (U-downloader mahhala)
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