Free Super Trend Indicator for MetaTrader 4/5. A Big Collection with Forex Indicators, Trading Systems, Expert Advisors for MQL4 & MQL5 by Best-MetaTrader-Indicators.com. The Supertrend is an indicator that helps traders identify buy and sell signals based on the overall trend.It was conceived and developed by Olivier Sebam, a French writer and financial advisor whose books have been translated widely around the world. As the name suggests, the Supertrend indicator, like moving averages and MACD, is an indicator for trend tracking. Supertrend indicator is determined by price, and its values determine the current trend. It is easy to use and gives an accurate idea of the current trend. This tool can be used on futures, Forex, and stocks. This is a redesign of the SuperTrend indicator. It removes stupid transitions between SuperTrend states and highlights initial points for both lines. SuperTrend is a. Supertrend Indicator Explained // Here are the free reports: Report on how to capitalize on the current extreme imbalance between gold and silver prices: htt.

Dear friend,

I hope you're sitting down.

Because this is a fascinating story about the rise of fame of the most amazing (in my opinion) trend indicator of all time.

And how today will go down in history as the date this astonishing indicator gets 3X better. With increased accuracy, increased usefulness, and more..

You see..

The indicator I'm talking about is called Super Trend. And you know why tens of thousands of traders - from forex to stocks to futures - consider it the #1 trend indicator of all time?

Because it kicks ass. Yes, it really does: Super Trend lets you ride the trend to the very end for easy, easy profits. Thanks to its ingenious algorithm that literally forces you NOT to exit prematurely.

But..

I believe we can make Super Trend even better. You see, the traditional Super Trend indicator uses the standard Moving Average as its backbone.

And while the standard Moving Average is useful, it's also LAGGING (and even severely lagging under certain market conditions).

That's why we set out to completely overhaul the Super Trend indicator.

Our goals: Increased accuracy, increased versatility, and most importantly, LESS LAG.

Supertrend Indicator Download

Now, 3 months later, I'm super excited to announce: WE DID IT.

Introducing our brand-new, amazing:

Versatile Super Trend indicator

This indicator is incredible. Check this out:

+ The Versatile Super Trend indicator lets you define a CUSTOM Moving Average to use in its core engine. You can choose from 10 different types of Moving Average.

Simple Moving Average (SMA),
Exponential Moving Average (EMA),
Smoothed Moving Average (SMMA),
Linear Weighted Moving Average (LWMA),
Exponential Moving Average (DEMA)
Triple Exponential Moving Average (TEMA),
Kaufman's Adaptive Moving Average (KAMA),
Jurik's Moving Average (JMA)
Hull Moving Average (HMA)
Least Squares Moving Average (LSMA)
Tillson Moving Average (T3)

Just WOW, isn't it?

+ The Versatile Super Trend indicator gives you an alert immediately when it detects a new trend:

Pop-up notification in your MT4.
PUSH notification.
Email notification.

Now, let's see the Versatile Super Trend indicator in action (using different types of Moving Average):

Versatile Super Trend (with Tillson Moving Average)

Introduction

The Supertrend indicator might not be one of the most widely used technical indicators, but it is definitely one of the most useful because it basically tells you the current trend for any forex pair (and in any given time frame) that you wish to look at.

You will find that it broadly moves in line with the underlying price and will either be green (indicating a bullish trend) or red (indicating a bearish trend). So it is very easy to use.

Where To Find This Indicator

I generally use the IG.com charts when trading the forex and stock markets because these use the ProRealTime platform, and the Supertrend indicator is available here if you wish to use it.

However I understand that it is also available with charting platforms such as Metatrader and with the charting software used by various different brokers, including Ninjatrader. However you may have to import the code from elsewhere if it’s not included as standard.

How To Use The Supertrend Indicator

The Supertrend indicator is very good at indicating the current trend, and therefore helping you determine whether you should be taking long or short positions, but I have always found it to be even more useful when it indicates a change of trend, ie when it switches from green to red or vice versa.

(Note that the price has to actually close above or below this indicator when the latest bar closes in order for it to change color and signal the start of a new trend).

It’s not necessarily that helpful on the shorter time frames because you get a lot of false moves, but it can be invaluable on the longer term charts, particularly after a peak or trough in the market or after a long period of sideways consolidation.

In addition, you can also this indicator to determine where you should place your stop losses because placing it a few pips below the Supertrend indicator if it is currently green, or a few pips above if it is currently red makes a lot of sense.

Default Settings

The default settings are 3,10, with 3 being the multiplier and 10 being the number of periods.

However you can adjust the multiplier down to get you into a trend quicker, or adjust it upwards to make it less sensitive to price changes, but 3 is pretty much the best setting in my experience.

You can also play around with the number of periods if you so wish, but once again I think it’s best just to use the default setting.

Final Thoughts

Supertrend Indicator

I wouldn’t necessarily recommend that you enter positions based solely on the Supertrend indicator because you do get a lot of false moves, and it can sometimes get you into a new trend a little bit late.

However if it clearly signals a breakout move after a long period of sideways consolidation, or if it clearly signals a trend reversal on one of the longer time frames, the Supertrend indicator can provide some great signals. This is particularly true if it is backed up by a few other indicators and some tell-tale candlestick patterns, for instance.

Supertrend Indicator Code

Driver mouse micro pack. It can also be very useful if you use multiple Supertrend indicators on the same chart.

To demonstrate this point, check out this trading strategy that aims to capture the long-term trends on the daily and weekly charts just by using four separate Supertrend indicators with different settings.