About the Supertrend indicator plus
This Supertrend indicator does not only show you the current market trend, like the normal supertrend indicator does, but also possible entry signals inside of that trend. The Supertrend Plus indicator does not repaint.
Below you see the different entry point of this Supertrend indicator. On every signal you place a pending order above the candle and wait for the market to continue the trend in the direction of the Supertrend Plus indicator.
If point 1, 3, or 4 appear you can either place a market order or a pending order above the candle. Point 2 shows you the mother bar of an inside bar pattern. On point 2 you only want to place a pending order above the candle and wait for the Breakout.
This indicator can easily be combined with the Supertrend Candles indicator.
Input parameters for Supertrend indicator plus
- Set the Supertrend indicator period
- Set the Supertrend indicator multiplier
- Trend Correction Mode
- sensible (shows more correction signals, but they are less accurate)
- Signal Size
- Set the size of the signal points
- Max Bars
- You can leave this to 1000
- Show Breakouts
- Enable or disable the Breakout points
- Show Corrections
- Enable or disable the Correction points
- Show Pullbacks
- Enable or disable the Pullback points
The full version has the possibility to send alerts, emails and push notifications to your phone.
About the free version
The free version works on demo and live accounts, but it does not send notifications and the signals 2,3 and 4 are only visible in the strategy tester.
Free MT4 v1.06
Full MT4 v1.06
Oct 12, 2016
Tweak: Improved the Trend Change Signal
Tweak: Improved the Pullback Signal
Aug 25, 2016
Added: Notifications to full version
Update: Free version works not only in the strategy tester
Oct 27, 2015
Added: Breakout, Correction and Pullback strategy. Changed name from Supertrend indicator to Supertrend Plus indicator.
Feb 01, 2015
Initial release of the MT4 version
- Swing Trading Cloud
- Supertrend Candles
- Japanese Candlestick Patterns
- Smart Trend
- Wolfe Waves
- Super MACD
- Supertrend Plus
- Pivot Points
- Chart Overlay
- Heiken Ashi Smoothed
- Bands on RSI
- Tick Chart
- Colored Stochastic Oscillator
- Multi Pair RSI
- Triple Bollinger Bands
- High/Low Channel - Donchian Channel
- Colored Moving Average