Supertrend Indicator for MetaTrader 5
ATR-based trend following indicator with buy/sell signals
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About This Indicator
The Supertrend indicator uses Average True Range to define dynamic support and resistance levels that switch direction when price closes on the opposite side. It paints the trend green when bullish and red when bearish, with clean buy/sell arrows at every flip.
Key Features
- ATR-based dynamic trend lines
- Color changes at trend reversals
- Buy/sell arrows on direction change
- Alert on every trend flip
- Configurable ATR period and multiplier
Frequently Asked Questions
What is the Supertrend indicator?
Supertrend is an ATR-based indicator that shows the prevailing trend direction as a colored line below or above price.
What are the best Supertrend settings?
Common settings are ATR(10) with multiplier 3.0 for daily charts and ATR(7) with 2.0 for shorter timeframes.
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