Added alerts and arrows.Jokere77 wrote: Mon Jul 31, 2023 10:41 am Hi Mrtools... once again need your experience and know-how in coding! I present to you the attached indicator, I use it particularly for the trend. can you add to that the arrows each time the trend or the color changes? also add push notifications each time there is a change in trend or color ... attached an image to give you an idea. thank you
Re: MT5 Super Trend indicators
2Mladen Rakic:
Theory:
There are a couple of versions of super trend that are floating around the net. One of the versions is using CCI (Commodity Channel Index) for calculation. Now, the way it is calculated, it is using the CCI crosses of zero line as a signal for a trend change. Implicitly, since CCI will cross zero line when the price crosses its SMA (Simple Moving Average), that means that the super trend is actually an indicator of a price crossing the SMA. Except that would not be the super trend indicator as we know it at all
. ATR (Average True Range) is usually added as a filter to those crosses, and then we have what we all know as "super trend" indicator.
This version:
It is using as simple as it gets calculation. Also, in order to add some things that are usually not available, you have a choice of what is to be used as a filter. You can use
average true range (ATR)
standard deviation
as a filter. Standard deviation tends to be "faster" then the ATR counterpart hence you need to do some experimenting when using it, but all in all the signals are still remaining usable (see the example below).
Usage:
You can use the color changes for signals.
Same example as above, but using standard deviations instead of ATR for filtering:
Theory:
There are a couple of versions of super trend that are floating around the net. One of the versions is using CCI (Commodity Channel Index) for calculation. Now, the way it is calculated, it is using the CCI crosses of zero line as a signal for a trend change. Implicitly, since CCI will cross zero line when the price crosses its SMA (Simple Moving Average), that means that the super trend is actually an indicator of a price crossing the SMA. Except that would not be the super trend indicator as we know it at all
. ATR (Average True Range) is usually added as a filter to those crosses, and then we have what we all know as "super trend" indicator.This version:
It is using as simple as it gets calculation. Also, in order to add some things that are usually not available, you have a choice of what is to be used as a filter. You can use
average true range (ATR)
standard deviation
as a filter. Standard deviation tends to be "faster" then the ATR counterpart hence you need to do some experimenting when using it, but all in all the signals are still remaining usable (see the example below).
Usage:
You can use the color changes for signals.
Same example as above, but using standard deviations instead of ATR for filtering:
Attachments
Re: MT5 Super Trend indicators
3Mladen Rakic:
Super Trend indicator is probably one of the most known for MetaTrader 4. This version is for MetaTrader 5.
There are basically two versions of Super Trend, and this one is made as the first version: it is based on CCI indicator values.
Some extensions are made compared to that first original version (changeable ATR period that is used too) and, naturally, since we have made quite a lot of changes since, this version, unlike the first versions of Super Trend, is not repainting.
Super Trend indicator is probably one of the most known for MetaTrader 4. This version is for MetaTrader 5.
There are basically two versions of Super Trend, and this one is made as the first version: it is based on CCI indicator values.
Some extensions are made compared to that first original version (changeable ATR period that is used too) and, naturally, since we have made quite a lot of changes since, this version, unlike the first versions of Super Trend, is not repainting.
Attachments
Re: MT5 Super Trend indicators
4Mladen Rakic:
Super Trend indicator extended with additional display types:
* Bars
* Candles
* Lines
* Automatic - depends on the chart type and adjusts the display automatically.
Super Trend indicator extended with additional display types:
* Bars
* Candles
* Lines
* Automatic - depends on the chart type and adjusts the display automatically.
- These users thanked the author mrtools for the post (total 4):
- josi, 太虚一毫, RodrigoRT7, Starfish
Re: MT5 Super Trend indicators
5
Hi Mr Tools, would you kindly add Mtf option to this version of super trend averages indicator. Thank you lots
Re: MT5 Super Trend indicators
6Think this may be close.Tjk2 wrote: Tue Mar 19, 2024 7:45 pm Hello, I need the MT5 version of these indicators, thank you
SuperTrend (experiment) 1.3
post1295519955.html#p1295519955
! kijun sen candles (mtf + arrows
post1295515730.html#p1295515730
- These users thanked the author mrtools for the post (total 6):
- thomdel, kvak, Tjk2, RodrigoRT7, 太虚一毫, Krunal Gajjar
Re: MT5 Super Trend indicators
7
Hello @mrtools
can you do this please? , if these conditions were met (in MT5) :
If the trend of the supertrend indicator (that is attached) was positive and the candles in Ichimoku were above Tenkan-Sen and Kijun-Sen and default MACD indicator of Metatrader above the 0 level displayed with a green arrow ،
If the conditions were the opposite, displayed with a red arrow
If you have another indicator that is not a repaint to optimize, please suggest. Thanks
, she 