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2010.11.29 14:32
Kolier_SuperTrend_Indi

Kolier_SuperTrend_Indi - indicator for MetaTrader 4

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Views:
22402
Rating:
votes: 9

Author:

Kolier.Li

Description:

SuperTrend.mq4 was created by Jason Robinson (jnrtrading) and published on http://www.forex-tsd.com/221493-post1.html

Logic of SuperTrend.mq4: http://kolier.li/indicator/how-supertrend-mq4-works-logic-of-supertrend-indicator-created-by-jason-robinson-jnrtradin

What's Kolier_SuperTrend_Indi

    • Same logic, improvement implementation in code, can draw full chart and less resource consume.
    • Extended. TrendMode=0 means original logic for trend line. TrendMode=1 means new logic for trend line.

    Image:

    TrendMode=0




    TrendMode=1


    Parameters

    • BarsToCount How many bars to draw trend line.
    • TrendMode TrendMode=0 means original logic for trend line. TrendMode=1 means new logic for trend line.
    • ATR_Period ATR Period settings.
    • ATR_Multiplier In order to calculate upper and lower bands with ATR Range = Multiplier * ATR.


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