SuperTrend Double Smoothed

  • Indicators
  • Som Prakash Gehlot
    Som Prakash Gehlot
    • Professional MT5 Algo Trader & Systems Architect | Founder of MSX AI at  Jodhpur
    • India
    • 5337
    4.5 (8)
    Som Prakash Gehlot
    Professional MT5 Algorithmic Trading Systems Architect | Founder of MSX AI Trading | Creator of Professional Portfolio Trading Solutions
    For more than 16 years I have focused on designing automated trading systems for MetaTrader 5 with one objective:
  • Version: 1.10

SuperTrend Double Smoothed

Overview

SuperTrend Double Smoothed is a trend-following indicator for MetaTrader 5 designed to display market direction and dynamic trend levels using a smoothed SuperTrend methodology.

The indicator combines a body-based SuperTrend calculation with ATR-based filtering to help reduce sensitivity to short-term market fluctuations.

Features

• Trend direction visualization

• Dynamic trend line display

• ATR-based filtering

• Trend strength information

• Closed-bar calculations

• No future data usage

• Compatible with manual trading and automated strategies

Trend Direction

The indicator displays trend direction using color changes.

Green Line

Indicates bullish market conditions.

Red Line

Indicates bearish market conditions.

Color changes are generated after candle close according to the indicator calculation.

Body-Based Calculation

The indicator uses candle body information as part of its trend calculation process.

This approach may reduce the influence of short-term wick movements and temporary price spikes.

ATR-Based Filter

An optional ATR-based filter can be enabled.

The filter is designed to require sufficient price movement before a trend change is confirmed.

Trend Strength Information

The indicator can display trend strength values derived from internal calculations.

These values may be used as an additional reference when evaluating market conditions.

Default Settings

ATR Period:
10

ATR Multiplier:
3.0

Price Source:
Median Price

ATR Filter:
Enabled

Trend Strength:
Enabled

The default parameters can be modified according to user preferences and market conditions.

Usage

Manual Analysis

• Green line may be used as a bullish trend reference.

• Red line may be used as a bearish trend reference.

• The trend line may be used as a reference for market structure analysis.

Automated Strategies

The indicator provides values that can be used within Expert Advisors and automated trading systems.

Examples include:

• Trend direction detection

• Trend change detection

• Trend strength analysis

Compatibility

Platform:
MetaTrader 5

Symbols:
Forex, Metals, Indices, Cryptocurrencies and other broker-supported instruments

Timeframes:
All standard MetaTrader 5 timeframes

Technical Information

• No DLL files

• No external dependencies

• No account access

• No trading operations

• Compatible with MetaTrader 5

Risk Disclaimer

Trading financial markets involves risk and may result in losses.

This indicator is provided for analytical and informational purposes only and does not constitute investment advice.

Past performance, testing results and screenshots do not guarantee future results.

Users should evaluate the indicator according to their own trading objectives and risk tolerance.


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Currency Strength Wizard   is a very powerful indicator that provides you with all-in-one solution for successful trading. The indicator calculates the power of this or that forex pair using the data of all currencies on multiple time frames. This data is represented in a form of easy to use currency index and currency power lines which you can use to see the power of this or that currency. All you need is attach the indicator to the chart you want to trade and the indicator will show you real s
Atbot
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ATy Gold and BTC  Join my MQL5 channel to update the latest news from me.  My community of over 80,000 members on MQL5 ATbot : How It Works and How to Use It How It Works The "AtBot" indicator for the MT5 platform generates buy and sell signals using a combination of technical analysis tools. It integrates Simple Moving Average (SMA), Exponential Moving Average (EMA), and the Average True Range (ATR) index to identify trading opportunities. Additionally, it can utilize Heikin Ashi candles to en
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