Supertrend Indicator

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Supertrend Indicator
Super Trend is one of the best trend following trading indicators developed for the MT5 platforms. Great choice for real-time trend alerts and accurate signals

CATEGORIES: TREND, SIGNAL, MT5
Updated on: 30.11.2023

The Supertrend indicator is a non-repaint MT5 trend indicator. It applies only one trendline curve to display market trend reversal points.

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

This updated version of Supertrend tells you the current state of the trend and helps you analyze the strength/weakness of price movements.

How to use Supertrend for trading forex and stocks in MT5

The Supertrend value is calculated based on its Nbr period and multipliers. Market trends will be determined depending on the price position relative to the indicator level. The Super Trend indicator can be displayed in two versions, as filled areas and as a signal line.

As a rule, the price breaks the Supertrend line, maintaining its position above the indicator level, which means that the price is moving up. The indicator turns green during a bullish trend in the market. In this case, the indicator level will work as a support for the trend line. Whenever the price breaks the support line, the color of the indicator turns red, signaling a bearish trend. During a bearish move, the price sees the Supertrend level as resistance to the trendline.