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2011.10.31 17:15
Indicators

SuperTrend - indicator for MetaTrader 5

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Published by:
Nikolay Kositsin
Views:
11273
Rating:
votes: 17
supertrend.mq5 (10.16 KB)view

Real author:

Jason Robinson

This indicator is considered to be a trend one and its operation principle is quite simple: as soon as it changes its color to green, it means the start of an uptrend, if the color is changed to red, a downtrend starts. The indicator has one disadvantage - it often lags but, nevertheless, it is quite popular among traders. For better results the indicator should be used as confirmation for the market entry.

Super Trend indicator

Translated from Russian by MetaQuotes Software Corp.
Original code: https://www.mql5.com/ru/code/527

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