SuperTrend – the best indicator of trend change
Opening of deals on the trend will always give the maximum profit and is most suitable for beginners who do not have experience in trading in complex techniques, such as swing trading or countertrend positions. But to say that the main thing to determine the direction of the market and go at the very beginning is simple, but to determine when this moment will come much more difficult. A lot of solutions have been developed for this problem, and in this article we will consider the SuperTrend indicator, which is used to calculate several technical tools.
Characteristics of SuperTrend Indicator
Platform: Metatrader4
Currency pairs: Any
Trading Time: Around the clock, recommended European and American sessions
Timeframe: Any, recommended H1 and higher
Rules of trade by the SuperTrend
SELL:
SuperTrend is red
The price is below the red line
BUY:
SuperTrend is blue
The price is above the blue line
The EXIT is possible in two ways:
Aggressive – when changing the color of the indicator to the opposite
Conservative – when the price crosses the indicator line
super-trend-sell-aggressivesuper-trend-sell-conservativ
super-trend-buy-aggressivesuper-trend-buy-conservativ
Stop Loss is set above/below the previous local minimum/maximum.
Of course, the accuracy of the signals will be higher with additional filters. As such a filter, you can apply MTF SuperTrend (attached in the archive) with a higher timeframe. For example, for H1, set MTF SuperTrend with a period of 240 (H4):
mtf-super-trend
It will look as follows:
SuperTrend – the best indicator of trend change
You must be logged in to post a review.
Copyright 2025
Reviews
There are no reviews yet.