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SuperTrend
Version 1.0
This is the popular SuperTrend Indicator (original version) which was first developed by Olivier Seban and later recoded by Jason Robinson in 2006 for the MT4 platform. This indicator has the benefit of being able to work on all time frames and all price based charts.
Logic of SuperTrend
This indicator is based on ATR (average true range). If price is above Green Trend line, market is bullish. If price is below red trend line, market is bearish. This indicator can be used for buy and sell signals or as a trailing stop.
Parameters:
ATR peroids = 10
Multiplier = 3
Category MultiCharts
1549
RADO
Comments/ratings
matsw November 18th, 2014 07:04 AM
No Comment
dhiebert December 14th, 2014 05:52 PM
Hey, thanks for this indicator. I did the trial on Abletrend, and found the review here on BMT's forum showing that supertrend is very similar. I am having some troubles setting it up properly as it has shown in the review, but am still working on it. Thanks again for having it here!
simonehuggins June 14th, 2015 07:35 PM
No Comment
mani4kannan December 14th, 2016 05:24 AM
No Comment
neilchentw June 9th, 2021 03:59 AM
No Comment
TP10 September 2nd, 2021 10:44 PM
No Comment
EndUser March 6th, 2022 02:49 PM
No Comment