Pro SuperTrends

  • Indicators
  • Pankaj Prasade
    Pankaj Prasade

    Pankaj Prasade

    • Trader and analyst at  Trading
    • India
    • 2176
    5 (3)
    An independent Market analyst.
    Specialise in developing Metatrader 4 based trading strategies.
    Have trained new traders on trading different asset classes (Forex/ Commodities/ F&O).
    Have developed MS Excel based analysis models to trade derivatives - Futures and Options.
    4 products
  • Version: 1.1
  • Activations: 5

Dear traders!

This indicator automatically plots SuperTrends across 3 timeframes.

SuperTrend is a trend following indicator. However, it is not much useful on single timeframe, as that gives many whipsaws.

Professionals analysis across multi timeframes before taking trades. This adds confluence to trade setups.For the same purpose, Pro SuperTrends shows trend (or absence of trend) on 3 timeframes.

Our trading odds improve, when positions are aligned with higher timeframes. Further, SuperTrends also act as Supports and Resistances. They add a lot of confluence to trading systems.

The indicator plots 3 SuperTrend lines.

SuperTrend 1: This plots for current timeframe.

SuperTrend 2 & 3: These 2 lines plot for higher timeframes.


SuperTrend 2: Here, we can chose either next higher timeframe or 2 timeframes higher.

E.g. Current timeframe: 1minute.

In Value field, by default, 1 timeframe higher. Thus, SuperTrend for 5 minute timeframe is shown. Here, if we select  2 timeframes higher.... SuperTrend for 15minute timeframe is shown. 


SuperTrend 3: Here, we can chose either 2 or 3 timeframes higher.

E.g. Current timeframe: 15minute.

In Value field, by default, 2 timeframe higher. Thus, SuperTrend for Hourly timeframe is shown. Here, if we select  3 timeframes higher.... SuperTrend for 4 Hour timeframe is shown. 


How to use the indicator?

- Support - resistance. These STs tend to act as Support- resistances, specially from higher timeframes. These can give us better Reward- risk for trade setups.

- Identifying market phases: Market is not trending all the time. There are times, it would be in uptrend/ downtrend, sometimes it would consolidate or just be choppy. When all STs are aligned in same direction, this gives insights into strength of the trend. When STs are mixed, market can be choppy.


Further, if you have any problems using the indicator or have any other questions, do not hesitate to contact us at the email address provided in the indicator.


About us:

We are a small team of professional traders with experience in forex- stock markets & software development. We have over 10 years experience and specialize in the development of MetaTrader4 indicators- expert advisors. We also develop MS Excel-based trading strategies for futures and options.


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Indicators
Specials Discount now. The Next Generation Forex Trading Tool. Dynamic Forex28 Navigator is the evolution of our long-time, popular indicators, combining the power of three into one: Advanced Currency Strength28 Indicator (695 reviews) + Advanced Currency IMPULSE with ALERT (520 reviews) + CS28 Combo Signals (recent Bonus) Details about the indicator  https://www.mql5.com/en/blogs/post/758844 What Does The Next-Generation Strength Indicator Offer? Everything you loved about the originals, now
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5 (1)
Indicators
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5 (8)
Indicators
Identify ranges  | Get earliest signals of Trends  | Get clear exits before reversal  | Spot the Fibo levels the price will test Non-repainting, non-delayed indicator - ideal for manual and automated trading - for all assets and all time units After purchase,   please contact me   for recommended and personalised settings Version   MT4  -  MT5   |  Check our   3 steps MetaMethod  to maximise your profits:   1. TrendDECODER  2. PowerZONES  3. BladeSCALPER   What is it about? TrendDECODER is a c
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4.5 (26)
Indicators
THE ONLY CURRENCY STRENGTH INDICATOR THAT IS BASED ON PRICE ACTION. DESIGNED FOR TREND, MOMENTUM & REVERSAL TRADERS This indicator  reads price action to confirm trend and strength . Advanced multi-currency and multi-time frame indicator that shows you simply by looking at one chart, every currency pair that is trending and the strongest and weakest currencies driving those trends. For full details on how to use this indicator, and also how to get a FREE chart tool, please see user manual HERE
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