Super Trend Profit Forex indicator is a trend indicator that gives entry signals without repainting with a profitability of 85-90%.
This indicator is similar to the standard Moving Average indicator. It is a line on the chart of a currency pair that changes depending on the direction of the price. In addition to the direction of the line, at reversal points, it changes color, thereby giving a signal to enter the market.
At the points of color change, the indicator also gives a sound alert and the message SELL or BUY appears on the chart. In addition, in the indicator settings, it is possible to set the desired stop loss and take profit levels in points.
According to the author, the Super Trend Profit indicator gives signals without repainting, and its accuracy is 85-90%. Unfortunately, the indicator is presented in closed code, so it is rather difficult to talk about the principle on which it is built. However, as all trend indicators, Super Trend Profit does not perform well on flat or choppy market (see picture bellow): it will give you more false signals. So I would suggest using this indicator on higher timeframes (H1 and up).
Features of Super Trend Profit indicator
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily, H1 recommended
- Currency pairs: any
In supertrendprofit4.zip file you will find:
Download Super Trend Profit indicator for free: