Supertrend Line
- Indicateurs
-
Flavio Javier Jarabeck
We are a closed brotherhood of traders whose ultimate goal is to profit through well-studied, structured, and automated trades. As a result, we publish dozens of MT5 indicators (FREE and paid) to the global MQL5 community. 80% of our published products are high-quality free indicators so beginner - Version: 1.0
The Supertrend indicator was originally created by a french fellow named Olivier Seban, and its goal is to identify the Primary Trend of prices. Its calculation is easy and based on the average of Highs and Lows and then we add the volatility of a custom period, plus a multiplier. This way we get the Supertrend Line.
You can find in the web several approaches and trading strategies using this very useful indicator.
HOW TO "READ" THIS INDICATOR
- If the closing prices are above Supertrend Line, there is a Bullish sentiment at that moment. The opposite is a Bearish sentiment.
- Some traders use the Supertrend Line as a Stop Loss boundary.
- It is a lagging indicator, so sue Price Action and other tools to prepare your strategy accordingly.
PARAMETERS
- Period of analysis (# of bars)
- Multiplier
- Indicator new Internal Name - Useful to fast recalibrate several instances of this indicator in realtime through Minions Labs Recalibrator.
As always, if you like this indicator, all I am asking is a little Review (not a Comment, but a REVIEW!)...
This will mean A LOT to me... And this way I can continue to give away Cool Stuff for Free...
With No Strings Attached! Ever!
Live Long and Prosper!
;)

great work