The SuperTrend nrp new mtf 2 + histo trend indicator is the latest modification of the popular SuperTrend indicator, presented in two versions: in the form of a line and in the form of a histogram.
The SuperTrend nrp new mtf 2 indicator is an optimized (and non repainting) modification of the popular SuperTrend indicator designed to determine the direction of the current trend based on the ATR and CCI indicators.
The SuperTrend indicator uses a complex mathematical algorithm to calculate the trend direction of an asset. The algorithm takes into account the ATR value and the current price of the asset. The ATR value is used to calculate the size of the trend, while the current price is used to determine the direction of the trend. The result is a line that oscillates between the upper and lower boundaries, depending on the direction of the trend.
When the price is above the SuperTrend line, it is considered to be in an uptrend. Conversely, when the price is below the SuperTrend line, it is considered to be in a downtrend. The SuperTrend indicator is a popular tool among traders because it is very easy to use and provides a clear signal of the trend direction.
The indicator SuperTrend nrp new mtf 2 is presented in two versions: as a line on the price chart and as a histogram below the main price chart.
A change in the color of the line (histogram bars) indicates a change in the market trend.
The SuperTrend nrp new mtf 2 indicator implements the principle of multi-frame display, which allows you to display the readings from the desired timeframe on the price chart of a currency pair. This important feature allows you to plot several indicators on the chart with readings from different timeframes, which will increase the efficiency of using the indicator as a filter.
The SuperTrend nrp new mtf 2 indicator will be an excellent filter in trend trading strategies, and will also help optimize the strategies that are based on it. The SuperTrend indicator can be used on any financial asset, including stocks, commodities, and forex. It can be used in conjunction with other technical indicators to confirm signals and identify trading opportunities.
Overall, the SuperTrend nrp MT4 indicator is a powerful tool for traders who want to identify the trend direction of an asset. It is easy to use, responsive, and adaptable to changes in market volatility. Traders can use this indicator to make informed trading decisions and improve their overall trading performance.
Features of SuperTrend nrp new mtf 2 + histo MT4 indicators
- Platform: Metatrader 4
- Ability to change settings: Yes
- Timeframe: any from 1 Minute to Daily
- Currency pairs: any
In SuperTrend-nrp-new-mtf-2-histo.zip file you will find:
- SuperTrend nrp new mtf 2.ex4
- SuperTrend nrp new mtf 2 histo.ex4
Download SuperTrend nrp new mtf 2 + histo MT4 indicators for free: