Triple SuperTrend with EMA

Supertrend indicator uses a combination of a moving average and average true range to detect the trend of a trading instrument.

Supertrend indicator for MetaTrader 5 easily shows the trend as a line following the price.

USAGE THIS INDICATOR

If the closing prices are above Supertrend Line, there is a Bullish sentiment at that moment. The opposite is a Bearish sentiment.
Three green lines - Strong Bullish sentiment.
Three red lines - Bearish sentiment.

For BUY :

- Three green lines and price above EMA (200)

- Stop Loss below last supertrend red line.

For SELL:

- Three red lines and price bellow EMA (200)

- Stop Loss above last supertrend green line.


Some traders use the Supertrend Line as a Stop Loss boundary.

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