super trend
Info
The super trend is a Indicator for MetaTrader 5 that jason robinson (jnrtrading)indicators providing simple and clear indication are quite popular on forex market. the supertrend trend indicator is one of such tools.
Usage
This tool is typically used for trend following strategies across multiple currency pairs.
Platform
This Indicator works exclusively on MetaTrader 5 (both build 600+ and newer versions).
Setup
Place the downloaded file in MQL5/Indicators folder via File ? Open Data Folder in MetaTrader 5.
How to Install and Use super trend
1. Installation: Place your file in the MQL/Indicators folder via "Open Data Folder" and restart your terminal.
2. Loading: Find the indicator in the Navigator, drag it onto your chart, and configure the input parameters in the popup window.
3. Customization: Press Ctrl+I to open the indicator list, select your tool, and click "Properties" to change colors, levels, or visual styles.
4. Updating: Replace the old file in the Indicators folder with the new version and restart the platform to apply changes.
Frequently Asked Questions
Q: Why is my indicator not showing? A: Verify the file is in the MQL/Indicators folder, or try right-clicking the "Indicators" tree in the Navigator and clicking "Refresh."
Q: Do custom indicators slow down the platform? A: Too many complex indicators can impact performance; remove unused ones via the "Indicator List" (Ctrl+I).
Q: Can I use MT4 indicators on MT5? A: No, MQL4 and MQL5 are distinct languages; ensure the indicator is compiled specifically for your platform version.
What this tool does
jason robinson (jnrtrading)indicators providing simple and clear indication are quite popular on forex market.
Typical Use Case
This Indicator excels in trend following on MetaTrader 5.
Compatible Platform & Setup
This Indicator works on MetaTrader 5. Place the file in the MQL5/Indicators folder and restart the terminal.
Description & Settings
Related: Quantora Multi-Timeframe Trend Dashboard MT5 - Professional EMA Trend Analysis - another powerful indicator for MetaTrader 5 traders.
Also recommended: Quantora Multi-Timeframe MACD Dashboard MT5 - Professional Momentum and Trend Analysis - similar indicator with strong performance on MetaTrader 5.
jason robinson (jnrtrading)indicators providing simple and clear indication are quite popular on forex market. the supertrend trend indicator is one of such tools. it displays its values not in a separate window, but right on the price chart, which is quite convenient.
on an uptrend the indicator line is painted green and placed below the price chart. on a downtrend it is painted red and placed above the price. the indicator can be used in several ways. the simplest is to buy when the supertrend line is painted green and sell when it is red. in a more advanced variant the evaluation takes place at a senior timeframe, such as h4, and trade is conducted on a smaller - say, m15 towards the dominating trend. another application option of this indicator is using its lines as resistance and support levels. that is, one should wait until the price gets close to the line and trade rolling back from it.
originally this indicator has been written in mql4 and was first published in the on 19.06.2015.
fig.1. the super_trend indicator
You may also like: Quantora Moving Average Dashboard MT5 - Professional EMA SMA Trend Analysis - excellent alternative for indicator users on MetaTrader 5.
Source Code
#property copyright "robotfx"
#property link "https://robotfx.org"
#property version "1.00"
#property indicator_chart_window
#property indicator_buffers 4
#property indicator_plots 4
#property indicator_type1 draw_line
#property indicator_color1 clrmediumseagreen
#property indicator_style1 style_solid
#property indicator_width1 2.......
⚠ Limitations & Risk Warning
- This tool is provided for educational and testing purposes only.
- Past performance does not guarantee future results.
- Trading involves substantial risk of loss. Use on a demo account first.
- Results may vary depending on market conditions, broker, and settings.
- We recommend thorough backtesting and forward testing before using with real funds.