Indicators: SuperTrend

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SuperTrend:

The SuperTrend indicator developed for MetaTrader 4 based on the ProRealTime version.

Author: Jason Robinson

SuperTrend
SuperTrend
  • www.mql5.com
The SuperTrend indicator here is based on the one in ProRealTime. It has the same parameters: Nbr Periods and Multiplier, and works in the same way.
 
pls , more details
 
aditzas:
pls , more details

The SuperTrend basically follows the trend of the price. If the SuperTrend is green and below the price then it usually indicates an up trend and vice versa. The most significant part is when the line starts to go flat. It, to me at least, provides a better visual clue of trend starting to lose momentum.


Nbr_Periods: adjusts the amount of bars for calculation. (the average true range)

Multiplier: The amount to multiply the result of the avarage true range by. This result is then added to the median price of the current bar.

That's all I can really tell you.
 

latest version STv1.2

http://www.forex-tsd.com/221493-post1.html

//|                                                        SuperTrend.mq4 v1.2 |
//|                   Copyright © 2008, Jason Robinson (jnrtrading). |
//|                                      http://www.spreadtrade2win.com |

http://www.forex-tsd.com/attachments/indicators-metatrader-4/65499d1216660469-supertrend-supertrend.mq4

 
fxxx:

latest version STv1.2

http://www.forex-tsd.com/221493-post1.html

//|                                                        SuperTrend.mq4 v1.2 |
//|                   Copyright © 2008, Jason Robinson (jnrtrading). |
//|                                      http://www.spreadtrade2win.com |

http://www.forex-tsd.com/attachments/indicators-metatrader-4/65499d1216660469-supertrend-supertrend.mq4

Thanks. I've actually updated it on here before you posted that but they haven't published it yet. Hopefully soon though.
 
Well seeing as the idiots here are not going to publish the updated article:

DOWNLOAD THE LATEST VERSION FROM THE FOREX-TSD LINK. THANKS.

 

Great indicator! Definitely will add to my tool box!

 
hard to tell, looks like this indi tells you whatever you want to hear.
 

Hi,

a systematic large-scale analysis of Super-Trend parameter influence and recommendations for the best parameters for all major FOREX pairs are given here:

http://tradingresearch.wordpress.com/2011/08/15/evaluation-of-super-trend-indicator's-parameters-for-all-major-forex-pairs-over-12-years/

The analysis is based on >12 years back testing for each currency pair.

Hope this helps in selecting your best parameters :-)
 

Super trend is a great indicator and I am using It in 1 min time frame, I was wandering if there is also for Meta Trader 5.

I am looking the code base of indicators for Meta Trader 5 but I cannot find supertrend.mq5

 

Can you add "alert" in this indicator?

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