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Advanced Super Trend MT5

The indicator shows a line of a relative trend based on an oscillator selected from the list. The line can be used for support/resistance depending on where the price is. Direction (fall/rise) changes when the oscillator crosses the specified levels (it is equal to the middle of the range by default, the value is adjustable) and can be additionally displayed in a different color. Change in the direction of the secondary smoothed price trend is displayed as arrows (you can also enable alerts); it appears when the trend line crosses the "price" moving average. A trend line can be calculated using two methods: by volatility or by standard deviation multiplied by a factor. The values can be additionally smoothed. The indicator is not redrawn after the close of a bar.


Parameters

  • Cross MA period - the period of the moving average of the price
  • Cross MA method - method of smoothing of the price moving average.
  • Cross MA price - price for moving average calculation
  • Channel upper line price - price for calculating the upper line of the trend channel
  • Channel lower line price - price for calculating the lower line of the trend channel
  • Channel smoothing period - smoothing period of trend channel lines
  • Channel smoothing method - smoothing method of trend channel lines
  • Trend change detection oscillator - the oscillator for calculating trend direction change
  • Oscillator period - oscillator period
  • Oscillator price - oscillator calculation price
  • Channel range mode - channel range calculation mode
  • Channel range period - range calculation period
  • Channel range multiplier - channel range multiplier
  • Channel limit range multiplier - multiplier of the maximum channel range
  • Dev mode smoothing method - smoothing method for range calculation using deviation
  • Dev mode smoothing price - price for range calculation using deviation
  • Alerts on closed bars - alert of secondary trend change on closed/current bars
  • Enable alert messages - show a message
  • Enable alert notifications - send notifications
  • Enable alert sounds - enable sound alert
  • Alert sound file name - the name of the sound alert file
  • Show trend change arrows - show arrows to indicate change in the trend direction determined by the intersection of the trend line and the price line
  • Trend up symbol code - symbol code for the upward trend
  • Trend down symbol code - symbol code for the downward trend
  • Use osc defaults up/down levels - enable use of built-in values for trend direction change based on oscillator
  • Osc up level - the upward level of oscillator based trend change
  • Osc down level - the downward level of oscillator based trend change
  • Show cross line - show the moving average of the price
  • Show osc trend direction arrows - show the current trend based on oscillator
  • Osc trend direction arrow up code - the symbol code for the upward trend determined based on oscillator
  • Osc trend direction arrow down code - the symbol code for the downward trend determined based on oscillator
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