Super Trend - MetaTrader 5 Script - MQL5 #21030 - MT4/MT5 Resources
The Super Trend indicator is probably one of the most famous indicators for MetaTrader 4. This version is available for MetaTrader 5.
There are basically two versions of the Supertrend, this version is the first: it is based on the CCI indicator value.
There were some extensions compared to the first original version (which also used a variable ATR period), and naturally, since we've made quite a few changes since then, this version, unlike the first version of Super Trend, has not been redrawn.
Attachment download
📎 super_trend.mq5 (8.5 KB)
Source: MQL5 #21030
Super Trend - MetaTrader 5 Script - MQL5 #21030 Usage and Filtering Advice
Super Trend - MetaTrader 5 Script - MQL5 #21030 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.
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