SuperTrend Double Smoothed
- Indicatori
-
Som Prakash Gehlot
I am a professional Forex & Crypto scalping trader and automated trading systems architect with 16+ years of real-market trading and strategy engineering experience. - Versione: 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.
