The SuperTrend Indicator MT4 is a trend indicator for MetaTrader 4. The indicator is based on the ATR (Average True Range) Indicator and draws trend lines on the main chart. The green lines drawn under the current price indicate an up trend while the red line above the price indicates a down trend. ATR periods can be customized as well as multiplier options.
This Indicator helps identify current market trends of various forex currency pairs. The indicator is well-suited for use with 30 minutes and higher time frames in the MT4 platform and can be used with any trading strategy to verify the current price trend.
Indicator Settings
How to Install SuperTrend Indicator MT4
Download and extract files in the MetaTrader “Indicators” Data Folder found in the Main Menu File section:
The “Indicators” folder is located in the “MQL4” folder.
Restart MetaTrader Platform.
