Super Trend Indicator

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Super Trend Indicator

The Super Trend is one of the best trend-following trading indicators developed for MT4 platforms. A great choice for real-time trend alerts and accurate signals

CATEGORIES: TREND, MT4, SIGNAL
Updated on: 17.12.2023

The Super Trend is a non-repaint MT4 trend indicator. It applies only a single trendline curve for showing the reversal points of the market trend.

In financial trading, a trend is your friend only when you can anticipate its direction correctly. However, determining the right trend is not enough for making profitable entries. We need to assess the strength behind the price and forecast the possible range of upcoming market movements as well.

This upgraded version of super trend tells you about the current trend condition and helps you to analyze the strength/weakness of price moves.

How to use Super Trend for trading forex and stocks in MT4

The Super Trend value is calculated based on its Nbr period and multipliers. We’ll determine the market trends depending on the price position compared to the indicator level.

Generally, the price breaks the super trend line maintaining its position above the indicator level means the price is trending upwards. The indicator turns green during a bullish trend market. In such a condition, the indicator level will work as trendline support. Whenever the price breaks the support line, the indicator color turns red to signal a bearish trend. During a bearish move, the price treats the super trend level as a trendline resistance.