Dark Mode
Thursday, 08 December 2022
THE NON-REPAINTING SUPER TREND INDICATOR: AN
THE NON-REPAINTING SUPER TREND INDICATOR: AN

THE NON-REPAINTING SUPER TREND INDICATOR: AN

Watch the testing video here:

THE NON-REPAINTING SUPER TREND INDICATOR: AN OVERVIEW

Understanding trends and their direction is essential for effective trading.

The Non-Repainting Super Trend indicator is one of the most powerful trend-following indicators available to traders looking to streamline their trading process.

What is the Non-Repainting Super Trend Indicator?

The Average True Range is one approach that traders use to identify trend reversals (ATR). Traders would consider a market reversal if the price has reversed against a prior trend by an amount greater than a predefined multiple of the ATR in this idea. A trader may consider a reversal if the price moves more than three times the existing ATR in the opposite direction of the current trend.

This is the basis for Super Trend indicators. It also makes recognizing a trend reversal based on this notion easier by plotting a line in the opposite direction of the trend that symbolizes the price level that the market must reach before being judged to have reversed.

The premise behind the Non-Repainting Super Trend indicator is the same. This version of the Super Trend indicator differs in that it does not repaint, making it less prone to misleading indications.

Non-Repainting Super Trend Indicator

Works well for scalping and intraday trading, and is compatible with M5 to H4 period charts on MT4 trading platforms. Furthermore, you can use it to trade any foreign currency pair on the financial markets.

Non-Repainting Super Trend Indicator 


After you've installed the indicator on your MT4 terminal, your trading chart should look like this:

Non-Repainting Super Trend Indicator Explanation


Non-Repainting Super Trend Indicator 

works in a similar way to Moving Averages. However, like MAs, it does not react with every closed price bar or candlestick. It changes its value in a periodic way. That is how it avoids printing frequent signals on the chart and maintains a better signal accuracy. More importantly, it is a stand-alone indicator which means, it alone can guide you through market trends, trade signals, and trade exits. Furthermore, you can use its levels as trailed stops while trading in the market.

Non-Repainting: Buy Parameters


  • Price level holds above the current Indicator value
  • Price forms a solid bullish candle/pin bar right above the indicator level
  • Buy triggers after the above conditions are met
  • Set stop loss below the current indicator level
  • Exit long/take profit whenever price hits below the present indicator value 

Non-Repainting: Sell Parameters

  • The price level holds below the current Indicator value
  • Price forms a solid bearish candle/pin bar right below the indicator level
  • Sell triggers after the above conditions are met
  • Set stop loss above the current indicator level
  • Exit short/take profit whenever price hits above the present indicator value

 


 

 

  • The price level holds below the current Indicator value
  • Price forms a solid bearish candle/pin bar right below the indicator level
  • Sell triggers after the above conditions are met
  • Set stop loss above the current indicator level
  • Exit short/take profit whenever price hits above the present indicator value

 

 

 

Share this on:


Login

Free Forex Signal

Telegram

Economic Calendar

Newsletter

Subscribe to our mailing list to get the new updates!