Super Trend Metatrader 5 Forex Indicator Review

The world of foreign exchange (Forex) trading is highly competitive and fast-paced, with traders constantly seeking new strategies to navigate the market. In recent years, technical indicators have gained popularity as a tool for analyzing price movements and predicting trends in Forex markets.

Among these tools is the Super Trend Metatrader 5 Forex Indicator, which has garnered significant attention from traders looking to improve their trading operations. The Super Trend Metatrader 5 Forex Indicator is designed to help traders determine when to enter or exit trades based on trend analysis.

Super Trend Metatrader 5 Forex Indicator

Download Free Super Trend Metatrader 5 Forex Indicator

It does this by calculating an average true range (ATR) value that reflects the volatility of a given currency pair over a certain period. The indicator then plots two lines above and below the moving average line, representing resistance and support levels respectively.

Traders can use these lines to identify potential entry or exit points based on whether prices are trending upwards or downwards relative to the support and resistance levels. This article aims to provide an overview of how this popular Forex indicator works and its potential benefits for traders who incorporate it into their trading strategy.

Understanding Average True Range (Atr)

Average True Range (ATR) is a technical analysis indicator used to measure market volatility. ATR was developed by J. Welles Wilder Jr., who also created other popular indicators such as Relative Strength Index (RSI), Parabolic SAR, and Average Directional Index (ADX).

The main purpose of ATR is to assist traders in identifying the degree of price volatility within an asset or security. The calculation for ATR involves taking into account three factors: current high minus the previous close; current low minus the previous close; and absolute value of the difference between current high and current low. These values are then averaged over a specific number of periods, typically 14 days.

As a result, ATR provides information about how much an asset’s price moves on average during each trading day. Traders use ATR as a tool to determine potential profit targets and stop-loss levels based on their risk tolerance. Higher readings indicate greater volatility, which may require wider stops or smaller position sizes. Lower readings suggest less volatile markets where tighter stops or larger positions can be taken without significant risk exposure.

With this understanding of ATR’s calculation process and its utility in measuring market volatility, traders can make more informed decisions regarding trade management strategies.

Plotting Support And Resistance Levels

Understanding Average True Range (ATR) is an essential concept for forex traders as it helps to identify possible market volatility, which can inform trading decisions.

Now that we have a grasp of ATR let us delve into plotting support and resistance levels.

Identifying key levels in the forex market is critical when making informed trading decisions. Support and resistance levels are price points where buying or selling pressure has repeatedly caused prices to reverse course. These levels act as barriers to further upward or downward movements and can provide indications on whether an asset’s price will increase or decrease.

Backtesting strategies are crucial in identifying suitable entry and exit points for trades using support and resistance levels. Backtesting involves analyzing historical data with current market conditions to evaluate how well a particular strategy would perform if executed at specific times during the past. This information can be used to make necessary adjustments before applying the strategy in real-time trading scenarios, ultimately improving overall profitability over time.

Incorporating support and resistance levels into your trading plan can add significant value by providing clear insights into potential trade opportunities while minimizing risk exposure. Remember always to backtest your strategies rigorously before execution so that you can feel confident about their effectiveness when applied under varying market conditions.

Using The Super Trend Metatrader 5 Forex Indicator In Trading Strategy

The Super Trend Metatrader 5 Forex Indicator is a popular tool among traders who want to improve their trading strategy. It evokes feelings of excitement and anticipation for those who are looking to enhance their chances of success in the forex market.

Using this indicator can help traders identify trends, reduce risk, and make better-informed decisions. One way to maximize the effectiveness of the Super Trend Metatrader 5 Forex Indicator is by using multiple time frames. This involves analyzing charts at different intervals to gain a broader perspective on price movements.

By examining longer-term trends alongside shorter-term ones, traders can get a more comprehensive view of market behavior and adjust their strategies accordingly. Another critical aspect of using the Super Trend Metatrader 5 Forex Indicator is backtesting the strategy.

Backtesting gives traders an opportunity to see how well their approach would have performed historically based on past data. This allows them to fine-tune their strategy before applying it in real-time markets, which can increase the likelihood of success while minimizing potential losses.

Overall, incorporating the Super Trend Metatrader 5 Forex Indicator into your trading strategy can be beneficial for both novice and experienced traders alike. With careful analysis and backtesting across multiple time frames, you can potentially improve your ability to spot profitable trades while reducing risks associated with unfavorable market conditions.

Remember that consistent practice and disciplined execution are key components of successful trading strategies.


Average True Range (ATR) is a popular indicator used in technical analysis to measure market volatility. By calculating the average range of price movements over a specified period, ATR can help traders identify potential trend reversals or breakouts.

Plotting support and resistance levels based on historical price data can also aid in developing trading strategies.

The Super Trend Metatrader 5 Forex Indicator combines ATR with moving averages to create a powerful tool for identifying trends and entry/exit points. When the indicator line is above the price, it indicates a downtrend, while a line below the price signifies an uptrend.

The Super Trend can be used in conjunction with other indicators for more accurate trade signals.

In conclusion, incorporating the Super Trend Metatrader 5 Forex Indicator into your trading strategy can enhance your ability to identify profitable trades by providing clear trend signals and entry/exit points. However, as with any technical analysis tool, it should not be relied upon solely and should be used in combination with fundamental analysis and risk management techniques. With proper use, the Super Trend can improve your overall success rate in forex trading.

Author: Dominic Walsh

I am a highly regarded trader, author & coach with over 16 years of experience trading financial markets. Today I am recognized by many as a forex strategy developer. After starting blogging in 2014, I became one of the world's most widely followed forex trading coaches, with a monthly readership of more than 40,000 traders! Make sure to follow me on social media: Instagram | Facebook | Linkedin | Youtube| Twitter | Pinterest | Medium | Quora | Reddit

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