{"id":20139,"date":"2011-03-15T15:49:28","date_gmt":"2011-03-15T19:49:28","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=20139"},"modified":"2013-01-31T09:30:03","modified_gmt":"2013-01-31T14:30:03","slug":"forex-blog-supertrend-technical-trading-indicator-for-metatrader-4","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2011\/03\/15\/forex-blog-supertrend-technical-trading-indicator-for-metatrader-4\/","title":{"rendered":"Forex Blog: SuperTrend Technical Trading Indicator for Metatrader 4"},"content":{"rendered":"<p><strong>By Zac, CountingPips.com<\/strong><\/p>\n<div>\n<p>An interesting <strong>Metatrader Indicator<\/strong> that I have come across and have been experimenting lately with is the <strong>SuperTrend Indicator<\/strong>.<\/p>\n<p>This is very straight forward visual indicator based on support and resistance levels. SuperTrend shows an uptrend in green and a downtrend in red. The trend changes when the established support or resistance level is breached.<\/p>\n<p><img decoding=\"async\" alt=\"supertrend forex indicator\" src=\"http:\/\/countingpips.com\/Images\/BlogImages\/supertrend-metatrader-indicator.gif\" \/><\/p>\n<p>The default input settings are for 10 periods and a multiplier of 3.0 but you can experiment with these settings to make the support\/resistance levels tighter or looser.<\/p>\n<p>James from <a href=\"http:\/\/theforexarticles.com\/\" target=\"_blank\"><span style=\"text-decoration: underline;\">theforexarticles.com<\/span><\/a> has written a lot about this indicator and uses it in his 4-Hour Trading System (he gives away the 4-H system for free in his email newsletter).<\/p>\n<p>To play around with this indicator, see the MT4 SuperTrend download link from <a href=\"http:\/\/theforexarticles.com\/2009\/07\/23\/supertrend-indicator-metatrader4-mt4-download-links\/\" target=\"_blank\"><span style=\"text-decoration: underline;\">theforexarticles.com<\/span><\/a> and at TradeWays for a <a href=\"http:\/\/www.tradeways.org\/supertrend.php\" target=\"_blank\"><span style=\"text-decoration: underline;\">Metatrader5 indicator download.<\/span><\/a><\/p>\n<p>&nbsp;<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>This is very straight forward indicator based on support and resistence levels. SuperTrend shows an uptrend in green and a downtrend in red. The trend changes when the established support or resistance level is breached&#8230;<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-20139","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20139","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=20139"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/20139\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=20139"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=20139"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=20139"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}