Non Repainting Supertrend Indicator MT4
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Non-Repainting Supertrend Indicator for MT4
The Non-Repainting Supertrend Indicator is a powerful tool for detecting market trends and breakout points. Specifically designed for the MetaTrader 4 (MT4) platform, this support and resistance indicator uses a dynamic trendline and signal arrows to accurately reflect the direction and potential reversal of price movements.
«Indicator Installation & User Guide»
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Indicator Specifications Table
The features and specifications of the Non-Repainting Supertrend Indicator are detailed in the table below:
Category | Trading tool - Support and Resistance - Levels and zones |
Platform | MetaTrader 4 |
Skill Level | Beginner |
Indicator Type | Trend Continuation - Reversal |
Timeframe | Multi-timeframe |
Trading Style | Scalping - Day trading - Swing trading |
Market | All markets |
Overview of the Indicator
The Supertrend Indicator visually defines market trends based on the position of the price relative to the trendline.
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When the price is above the line, it indicates an uptrend.
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When the price is below the line, it suggests a downtrend.
The indicator also highlights breakout moments with arrows:
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Green arrow for an upward breakout.
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Red arrow for a downward breakout.
Uptrend Conditions
An uptrend is confirmed when the price crosses above the indicator line, triggering a green arrow. As the trend continues, the line turns light blue and settles below the candles. On the EUR/USD chart, this behavior marks a reliable support level, with prices repeatedly bouncing from it.
Downtrend Conditions
On the 1-hour chart for Cardano (ADA), a downtrend is signaled when the price moves below the indicator line.The Supertrend responds with a red arrow, and the line changes color, indicating trend reversal. The downward trend remains valid as long as the price stays beneath the indicator line.
Indicator Settings
• Chart Theme – Customize the visual appearance of the indicator
• Period – Set the number of periods for calculation
• Multiplier – Adjust the distance between the trendline and the price
Conclusion
The Non-Repainting Supertrend Indicator is a robust tool for quick and accurate trend analysis within the MetaTrader 4 environment. By tracking the relationship between price and the dynamic line, traders can easily interpret market trends and breakout levels with clarity and precision.
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