Supertrend Line Forex Indicator MT4
Course Description
Archive : Supertrend Line Forex Indicator MT4 Digital Download
Salepage : Supertrend Line Forex Indicator MT4
Delivery : Online With Any Device
Product Description
MT4: Supertrend indicator with MA and CCI Signal
A price trend is the foundation of many trading strategies. When trading with the trend, these are trend-following strategies, and when trading against the trend, these are trend reversal strategies. The Supertrend indicator is a popular tool for determining the overall trend of a Forex pair or any other asset.
Why MT4 Supertrend Indicator?
Supertrend indicator uses a combination of a moving average and average true range, predict a trend.
The Average True Range (ATR) is one of the tools used by traders to identify trend direction and reversals. Price would revert against a former trend direction by a multiple of the ATR, indicating a trend reversal.
The trend is easily visible as a line following the price with the Supertrend indicator for MetaTrader 4.
How to use SuperTrend Indicator?
A trend can be verified in a number of ways. Moving averages are generally often used by traders, while trend lines are used by others, and others choose a combination of the two or other indicators.
Supertrend indicator that can assist in recognizing the trend based on the price position and a mix of MA and ATR indicators.
When the market is in an uptrend, this SuperTrend indicator maps a lime line below price movement, and when the market is in a downtrend, it plots a red line above the price action.
Only when the price closes on the opposite side of the line, signaling a reversal, does the line shift and change colors.
In the following cases, using Supertrend Indicator could be useful:
When you want to trade if the trend changes, you should use trend-reversal strategies.
Risk management – Supertrend can be used as stop-loss or a trailing stop.
If you wish to leave a trade when a trend is reversing, use the exit signal.
Trading with the trend is the Main objective trend-following strategy.
Supertrend indicator with MA & CCI Signal strategy:
Buy Trade Setup
A small Blue arrow buy signal appears, place a purchase order.
The price should be above the SuperTrend line in lime. Watch for a retracement of the price towards the SuperTrend line. As soon as a bullish candlestick pattern.
MA line Cross above CCI Line.
Stoploss: Place your stop-loss order below the SuperTrend line.
Exit Trade: The stop loss should be trailed below the SuperTrend line until it is stopped out in profit.
Sell Trade Setup
A small Orange arrow Sell signal appears, place a purchase order.
The price should be below the SuperTrend line, which is red. Watch for a retracement of the price towards the SuperTrend line. As soon as a bearish candlestick pattern appears, place a sell order.
MA line Cross Below CCI Line.
Stoploss: Place your stop-loss order below the SuperTrend line.
Exit Trade: The stop loss should be trailed below the SuperTrend line until it is stopped out in profit.