MT Scanner

4

This indicator helps you to Scan symbols which are in the Market Watch Window  and filter out trends with alerts.

It works based on the effective indicator "SUPERTREND" which is used by many traders for trading:

When box color changes to "Green" or "Red" color, it indicates you for trend change for long and short entry. And also you will get alerted on screen. When it changes to "Green", it indicates you that trend is going upwards, and you can take the long entry. If the color changes to "Red", it indicates that trend is going downwards, and you can take a short entry.

You can apply it on any timeframe which is suitable for you.


Indicator parameters

  • SuperTrend ATR Period: the number of bars used for the indicator calculations. Proper values - from 8 to 21.
  • SuperTrend Multiplier: Proper values - from: 1.5 to 3.5.


Additional Information

  • Best timeframe:
    • You can use this scanner above 15 Minutes to Daily.
    • For best results you can use M15, M30, H1 timeframe.
  • Best values:
    • SuperTrend Period: 10
    • SuperTrend Multiplier: 3
  • Show entries:
    • Green color shows the trend is up for that symbol.
    • Coral color shows the trend is down for that symbol.


Thanks

Milvus Technologies

Reviews 4
topline8000
1144
topline8000 2022.05.03 12:09 
 

fot testing

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We are an analytics company that believe in solving complicated problems with simple solutions using data.   To minimize the complexities of trading, we have created a range of trading advisory products from the essence of our proprietary STAR System to enhance trading aptitude and to guide users into becoming  proficient traders.  Our innovative products capitalizes on 3 core functions – Big Data, Artificial Intelligence, and Technical Expertise and it is with this core, we reshape the world o
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topline8000
1144
topline8000 2022.05.03 12:09 
 

fot testing

Jaldip Ramani
1025
Jaldip Ramani 2018.05.16 12:20 
 

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Tim Eubanks
5763
Tim Eubanks 2018.03.22 12:30 
 

Dashboard for the supertrend indicator.

Pit L.
205
Pit L. 2018.03.15 02:24 
 

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