Mql5官网 SuperTrend MT4 外汇EA

KT SuperTrend is a modified version of the classic SuperTrend indicator with new useful features. Whether its Equities, Futures, and Forex, the beginners’ traders widely use the Supertrend indicator. 

Buy Signal: When price close above the supertrend line.
Sell Signal: When price close below the supertrend line.

Features

• A multi-featured SuperTrend coded from scratch.
• Equipped with a multi-timeframe scanner.
• The last signal direction and entry price showed on the chart.
• All kinds of MetaTrader alerts are implemented.

SuperTrend Formula

Supertrend upper and lower bands are calculated using the combination of median price and Average True Range(ATR) with a multiplier.

Median Price = (High + Low)/2
ATR with multiplier = Multiplier*ATR

Pro Tip

• It’s a hardcore lagging indicator. The entry opportunities occur very late.
• It is not sensible to use the supertrend as a standalone entry signal.
• It fails drastically during the sideways market.