Kolier MT5 Super Trend Indicator - Download | Forex Indicator Download - MetaTrader 5 Resources

The Collier Supertrend Indicator is a technical analysis tool on the MetaTrader 5 platform that uses the ATR (Average True Range) indicator.

This trading Assist more accurately identifies market trends and finds potential reversal points ; in an upward trend , the line appears in green , and in a downward trend , the line appears in red .

Kolier Supertrend Spec Sheet

The following table technically briefly reviews the general characteristics of the Collier Supertrend Indicator.

Indicators at a glance

In the Collier Super Trend Indicator , the ATR indicator calculates the average true price range and evaluates the market volatility of this trading instrument.

This MT5 indicator operates in specific time frames (e.g. 10 or 14 periods), based on market trends , and determines entry and exit ranges based on color change .

Uptrend Conditions

According to the one-hour chart of the EUR/USD currency pair (EUR/USD), when the price crosses the indicator line the color of the Collier's Supertrend indicator line changes to green, which is the appropriate range to enter and a buy trade has been formed.

downtrend conditions

According to the price chart of XAUUSD (Gold) in the 30-minute time frame, price breaking above the indicator line and its color changing to red can be considered a suitable entry signal for sell trades.

This change indicates increased selling pressure and the likelihood of a downward trend continuing.

Indicator Settings

The settings panel of the Kolier Super Trend indicator in the MetaTrader 5 platform is shown below:

• ATR Period: Calculate length
• ATR Multiplier: Scaling factor
• Lookback: Review range

Conclusion

In the Kolier Super Trend Indicator for MetaTrader 5 , adjusting the ATR multiplier controls the accuracy of trend detection and allows customizing the trading strategy based on the trend .

The color change of the indicator line also visually indicates the entry and exit ranges.