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Supertrend Indicator

What is Supertrend indicator for mt4? What is the supertrend formula?

  • Supertrend indicator is based on ATR and median price

As you can see from the chart below is super easy to use it: the line is plotted in two colors. Red for bearish trend and green for bullish trend. Sure it works perfectly during trend periods but it needs some filtering to avoid bad trades during the flat periods.