The Super Trend Confirmation MT4 Forex indicator is a great visual tool that helps you confirming the existing trend.
In order to get the job done, the indicator uses the MACD, Moving Averages, Stochastic and Bollinger Bands technical indicators.
Naturally, you can use the technical analysis price data to open buy and sell trades with good accuracy.
The buy/sell trade rules are really simple, even for newbie traders.
The Super Trend Confirmation indicator works for day, scalp and swing traders.
Key Takeaways
- A confirmed bull trend occurs when all indicators are standing at “Above Zero”.
- A confirmed bear trend occurs when all indicators are standing at “Below Zero”.
Learn below how to open buy and sell trades with the Super Trend Confirmation MT4 indicator.
Free Download
Download the “bmi-long.ex4” Metatrader 4 indicator
Indicator Example Chart
Here’s an example (EUR/USD M30 chart) of how the indicator should look like when loaded onto the Metatrader 4 chart.
Attach the indicator to any currency pair and time frame of your preference.
Finding Buy and Sell Signals With The Super Trend Confirmation MT4 Indicator
Below is an example of how to buy and sell currency pairs with this Forex indicator:
Buy Trigger: A buy trade will be triggered when all indicator values display “Above Zero”. This is your buy entry signal.
Set stop loss below the previous support low, or use your own favorite SL method.
Exit long trade whenever the Super Trend Confirmation indicator displays “Below Zero”, or exit the trade for a reward/risk ratio of 1.5.
Sell Trigger: A sell trade will be triggered when all indicator values display “Below Zero”. This is your sell entry signal.
Set stop loss above the previous support high, or use your own favorite SL method.
Exit short trade whenever the Super Trend Confirmation indicator displays “Above Zero”, or exit the trade for a reward/risk ratio of 1.5.
Download This Forex Indicator
Download the “bmi-long.ex4” MT4 indicator
Adjustable Parameters & Settings
Automatic zoom, fast MA period, slow MA period, signal MA period, MA method, MA price, BB period, BB precision, MACD, Stochastic K period, Stochastic D period, color, width, style.
Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.
Usage
The indicator can be deployed as a standalone scalping trading system or strategy.
More Info About This Indicator
Tradable Currency pairs: Any
Trading Platform: MT4
Time frames: M1, M5, M15, M30, H1, H4, D1, W1
Indicator Type: trend
Installation
Copy and paste the indicator in the MT4 indicators data folder.
Then restart the MT4 terminal and attach it to any chart.
