SuperTrend - MetaTrader 5 Script - MQL5 #527 - MT4/MT5 Resources
This indicator is considered a trend indicator and its operating principle is very simple: once the color changes to green, it indicates the beginning of an uptrend, and if the color changes to red, it indicates the start of a downtrend. This indicator has one drawback - it often lags, but despite this, it is quite popular among traders. For better results, this indicator should be used as a market entry confirmation.
Attachment download
📎 supertrend.mq5 (10.16 KB)
Source: MQL5 #527
SuperTrend - MetaTrader 5 Script - MQL5 #527 Usage and Filtering Advice
SuperTrend - MetaTrader 5 Script - MQL5 #527 is a resource related to foreign exchange indicators. Before downloading or referencing, it is recommended to confirm the platform version, transaction type, time period, whether DLL is required, whether source code is included, parameter description and historical update records.
Both automated trading tools and foreign exchange indicators should first undergo backtesting, simulated account observation, and small capital verification. Pay special attention to spreads, slippages, maximum drawdowns, position opening frequency, stop loss methods, trading periods and broker rules, and avoid direct real-time execution based only on titles or short-term profit descriptions.
💡 Featured Recommendations
✍️ Latest by the author
- •
- •
- •
- •
- •
- •
📌 Popular topics
- •
- •
- •
- •
- •
- •
- •
- •
🔗 You May Be Interested In
- •
- •
- •
- •
- •
- •