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Published:

2018.08.23 12:46

SuperTrend_Dot.mq5 (11.27 KB) view

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This is a modified version of the well-known Supervrend indicator by Olivier Seban - lines are replaced by dots allowing to display previously hidden one-bar change of direction.
This is just another trend detector.

The indicator has two input parameters:

Period - calculation period
Multiplier - ATR weight multiplier

Translated from Russian by MetaQuotes Ltd.
Original code: https://www.mql5.com/ru/code/21416

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SuperTrend_Dot - indicator for MetaTrader 5