SuperTrend Double Smoothed

  • Indicators
  • Som Prakash Gehlot
    Som Prakash Gehlot
    • Professional MT5 Algo Trader & Systems Architect | Founder of MSX AI at  Jodhpur
    • India
    • 4772
    4.5 (8)
    I am a professional Forex & Crypto scalping trader and automated trading systems architect with 16+ years of real-market trading and strategy engineering experience.
  • 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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Next Generation Of Automated Supply And Demand Zones. New and Innovative Algorithm that Works At Any Chart. All Zones Are Being Created Dynamically According To Price Action Of The Market. AMAZING OFFER --> Activations from 5 to 20 for "MTF Supply Demand Zones" and "Automated Trendlines" TWO TYPES OF ALERTS -->  1) WHEN PRICE HITS A ZONE    2)WHEN A NEW ZONE IS FORMED  If you get the MTF Supply Demand Zones you can join the " Trade Like Me " Video Series. It contains 14 Live Sessions where 
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