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MQLTA Supertrend Line

FREE

Published: 27 October 2017

Current version: 1.2

MQLTA Supertrend Line

4.17

Indicators
MQL4 Trading Automation
Version: 1.2
Updated: 16 February 2021

The Supertrend Line indicator shows you the trend using calculation based on the ATR.

How does it work?

The Supertrend draws a line following the current trend, this line is the result of calculation made with the ATR.

A Line under the candle means a likely bullish trend
A Line above the candle means a likely bearish trend

How to trade with CSL indicator

Buy when the Supertrend line is below the price, Sell when the Supertrend line is above the price. It is strongly suggested to use this indicator in a trending market as its weakness is a ranging

Parameters

ATR Multiplier - the lower it is and the more sensitive is the line, meaning it will follow the price more closely
ATR Period - Period of the ATR used for the calculation
ATR Max Bars - Number of bars to draw the lines to

If you like this tool please take a minute to leave a review.

If you have suggestions to improve it please send me a message and we can discuss it further.

Feel free to visit my profile and "Add to friends" https://www.mql5.com/en/users/mql4autotrading.

more...

474

Kedrov 2024.02.12 19:42 #

Отличный индикатор!

121

oldman51 2022.10.31 12:17 #

It is a great indicator for me. I use 3x supertrend indicators in my trading strategy with great results. Thank You very much.

191

Vladimir Stronskiy 2021.06.22 12:14 #

It helps in my trading.

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The Parabolic SAR Trailing Stop will trail the Stop Loss price of your selected orders following the PSAR indicator, so you don't have to worry about having to change it manually. How does it work? The Expert Advisor sets and moves the Stop Loss price of the selected orders following the value of the PSAR Indicator. You can filter the Orders by Symbol Comment Magic Number Buy/Sell Parameters PSAR Step - The Step of the PSAR PSAR Max Step - The Max Step of the PSAR PSAR Shift - The Shift of t

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Auto Close is an expert advisor that can assist you with your money and risk management rules. The EA can monitor your Balance, Equity, Margin, Global Profit and Global Loss and alert you in case any of these reaches a specified threshold. Free version with limited features can be found https://www.mql5.com/en/market/product/29179 How does it work Load the Auto Close EA in the chart and set the parameters you want to keep monitored. If any of the risk management parameters is met you can be no

FREE

Pattern Detector can detect the most common 1, 2 and 3 candlestick patterns and send notifications when detected. The DEMO version only works on AUDNZD pair. Full product can be found https://www.mql5.com/en/market/product/29190 How does it work Add the indicator to the chart you want to analyze and select which patterns to detect, the indicator will draw the detected patterns. You can also be notified via alert, app and email when a new pattern is detected. Parameters Indicator Name - Used

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Hello Everyone I would like to introduce you to my short guide about Trading with cryptocurrency using MetaTrader 4. pretty short but can be useful for everyone for this year, with patterns based on past experiences, could help those who want to earn with cryptocurrencies. Here im attaching the archive with full guide. https://files.catbox.moe/quwwzw.rar

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MQLTA Instrument Details shows you in an easy to read in chart table the details about the instrument/Symbol, including: Label Trade Mode Default Contract Size Minimum Size Maximum Size Size Step Digits Used Tick Size Tick Value Stop Level Bid Ask Spread Parameters Indicator name to create the objects Default Window when opening the indicator Horizontal offset Vertical offset If you like this tool please take a minute to leave a review. If you have suggestions to improve it please send me a me

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Currency Strength Matrix (CSM) is an indicator that will show you the current strength of the major currencies in several timeframes allowing you to sort the currencies for strength and spot possible trading setups. This indicator is ideal for scalping and in all those events of sudden big moves. This DEMO only shows 4 currencies and 4 timeframes, for the full version please check https://www.mql5.com/en/market/product/24252 How does it work? The CSM compares the value of the current moving av

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The Currency Strength Lines (CSL) Indicator is a very useful tool for both beginner and experienced traders. This indicator is able to calculate the strength of single currencies and show them in a graph so that you can see the trend and spot trading opportunities. This DEMO only shows AUD, NZD, CAD and CHF , for full version please check https://www.mql5.com/en/market/product/22398 How does it work? The CSL Indicator gives you the possibility to choose from different methods, once the method

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Auto Close is an expert advisor that can assist you with your money and risk management rules. The EA can monitor your Balance, Equity, Margin, Global Profit and Global Loss and alert you in case any of these reaches a specified threshold. This Demo Version has Notification and Close features disabled, full version can be found https://www.mql5.com/en/market/product/29141 How does it work? Load the Auto Close EA in the chart and set the parameters you want to keep monitored. If any of the risk

FREE

Filter:

474

Kedrov 2024.02.12 19:42 #

Отличный индикатор!

121

oldman51 2022.10.31 12:17 #

It is a great indicator for me. I use 3x supertrend indicators in my trading strategy with great results. Thank You very much.

3471

John Winsome Munar 2022.06.21 01:59 #

Nice work

191

Vladimir Stronskiy 2021.06.22 12:14 #

It helps in my trading.

13122

Matthew Todorovski 2018.06.30 14:27 #

1 Star (20%) = Bad

2 Star (40%) = Undecided

3 Star (60%) = Acceptable

4 Star (80%) = Good

5 Star (100%) = Excellente!

5733

Tim Eubanks 2018.03.15 16:31 #

Ok standard supertrend indicator.

Version 1.2 2021.02.16

Minor code cleanup and optimizations.

Version 1.1 2018.11.04

- Added buffer so that iCustom can return the trend status more easily (Buffer 2 return 1 if uptrend and -1 if downtrend)