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Supertrend MTF Indicator - indicator for MetaTrader 4
I develop and test Expert Advisors, indicators and trading utilities for MetaTrader 4 and MetaTrader 5 based on clearly defined trading rules.
My work includes:
• Expert Advisors for MT4 and MT5
• Custom indicators
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Supertrend MTF Indicator is a free multi-timeframe trend indicator for MetaTrader 4.
The indicator displays bullish and bearish trend conditions directly on the chart using colored Supertrend lines and signal arrows.
Main features:
- Multi-timeframe trend analysis
- Bullish and bearish Supertrend visualization
- Buy and Sell signal arrows
- Works with Forex, Gold, indices and other MT4 instruments
- Can be used on different chart timeframes
- Suitable for manual trend confirmation and entry/exit analysis
- Adjustable indicator parameters
The indicator is intended for visual analysis and does not open or manage trades automatically.
An Expert Advisor based on the same Supertrend MTF trading concept has also been developed and is available in the MQL5 Market.
The EA version is intended for traders who prefer automated execution, while this free source-code indicator can be used for manual analysis, education and further development.
Always test any trading tool on a demo account before using it in live trading.
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