Supertrend is one of the most popular trend indicators for MetaTrader 4. It draws a dynamic line that sits below price when the trend is bullish and above it when the trend is bearish, giving a very clear visual reading of market direction. It combines a moving average with the average true range (ATR) to adapt to volatility.
How to use it
Traders use it to detect trend changes when price crosses the line, to place dynamic stops following the indicator line, and as a direction filter in trend following strategies. It works on any pair and timeframe.
Main parameters
- ATR Period: the volatility calculation window.
- ATR Multiplier: adjusts the sensitivity of the line.
- Notification options by screen, mobile and email.
File contents: package ready to install in MetaTrader 4. Test it on different timeframes to find your ideal setup.
View the original indicator documentation on EarnForex (Apache-2.0 license)
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