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    cTrader Super Trend Indicator

    cTrader Super Trend


    Limited Support

    1 review(s) | Add your review
    This cTrader Super Trend indicator is a much-improved and pretty accurate at capturing changes in the direction of the trend with a visual display on the chart. It uses a combination of 3 moving averages which filter out false signals using confirmation dots and if the symbol price is above or below the dots.
    (OS) Type: Windows & Mac OS Compatible
    Current version: 1.0.0
    Updated: Wednesday, 5 January 2022
    Author: ClickAlgo Team

    Need a cTrader broker?  Open a demo account

    Educational content: Read our disclaimer

    £0.00 Incl. VAT.
    cTrader Software






    You must all have heard the saying "trade with the trend" and KISS rule - "keep it simple stupid", well this indicator can assist you in identifying when a new trend starts or ends with a simple visual overlay on the chart in the form of bullish or bearish dots.

     

     cTrader Super Trend Indicator

     

    How To Find Out The Change In The Trend

    When the trend changes the direction you will see the dots change colour, in the example above green is for a bullish trend and red for a bearish trend, the adjustable parameter called "Confirmation dots" will allow you to wait a number of same colour dots before showing a signal or sending an alert. An example would be to set it to 4 dots, so when 4 green dots are formed a solid direction reversal has taken place.

    Please note that the indicator will not signal a bullish trend if the price is below the dot when the candle closes and above the dot for a bearish signal.

     

    Configurable Parameters Explained

    Your adjustable parameters are shown below with explanations of the less obvious ones. 

    • MA Period #1: This is used in a formula to calculate the single MA dot, adjust to get best results
    • MA Period #2: This is used in a formula to calculate the single MA dot, adjust to get best results
    • MA Type: This is the moving average type to be used
    • Confirmation dots - how many same colour dots before a trend direction change signal occurs
     

    Confirmation Dots Explained

    The confirmation dots are created at the close of the candle because during the candle formation the price moves up and down and will cause the current candle dot to change from bullish to bearish, so when the candle closes we have a solid trend confirmation dot. A 2-dot confirmation will fire a signal at the close of the current 2nd candle and at the start of the 3rd when the 2 previous closed candles show a solid dot.
     
     

    Telegram & Email Alerts

    If you are looking for instant alerts when the trend changes direction then take a look at the cTrader Trend Surfing Alerts indicator.
     

    Indicator First Use (read me)

    When you first attach the indicator to the chart if there is already the number of confirmation dots showing, on the close of the candle and the alert signal will be fired, after this all future signals will only happen after the set number of confirmation dots as the trend reverses.
     
     

    How To Install & Open Indicator's

    First, make sure you have the cTrader trading platform installed and then simply unzip the file and double-click on it to automatically install onto the platform.

     

    Join Telegram Community

    You can join a Telegram community and chat with other traders to discuss, share and ask for help.

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    Charting indicators & cBots used on this site are for the cTrader Desktop platform in which our tools are built on, and cTrader is a registered trademark of Spotware Systems Ltd. NinjaTrader® is a registered trademark of NinjaTrader Group, LLC. No NinjaTrader company has any affiliation with the owner, developer, or provider of the products or services described herein, or any interest, ownership or otherwise, in any such product or service, or endorses, recommends or approves any such product or service.

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