SuperTrend MT5 (FxGeek)

Category: trend, volatility

A trend-following indicator based on ATR that plots a dynamic dynamic support/resistance line to identify market direction and volatility-adjusted stops.

Formula

Middle = (High + Low) / 2 \nUpper Band = Middle + (Multiplier * ATR) \nLower Band = Middle - (Multiplier * ATR) \nTrend = 1 if Close > Upper Band[prev], -1 if Close < Lower Band[prev] \nSuperTrend = (Trend == 1) ? Max(Down, Down[prev]) : Min(Up, Up[prev])

Inputs

• Periode (default: 10)
• Multiplier (default: 3.0)
• Show_Filling (default: true)

See signal primitives, usage in published strategies and more on WOBR StrategyVerse.