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Type: Indicators
Seller: AW Trading Software Limited
Published: 16 June 2021
Updated:
Version: 1.0
Downloads: 400
AW Super Trend -This is one of the most popular classic trend indicators. It has a simple setting, allows you to work not only with the trend, but also displays the stop loss level, which is calculated by this indicator.
The indicator displays the current trend direction in the corresponding color.
- Blue color denotes an uptrend on the symbol used, on the current timeframe.
- The red color of the line indicates a downtrend on the used timeframe on the selected symbol.
The indicator can be used to set StopLoss.
The indicator line is displayed not over the bars, but with some shift relative to the bars. This place where the trend line is displayed can be used by the trader to set Stop Loss.
When the trend changes, the indicator lines are repainted and displayed as a vertical line at the moment of the trend change. This display is due to the fact that the indicator can be used to mark a stop loss.
May filter signals on small timeframes with directions shown on higher timeframes.
In a downtrend on a higher timeframe, you should only use sells on the lower timeframe.
Period - Period based on the previous specified number of candles, from the lowest to the highest price level. On channel breakouts, we receive signals of a trend reversal.
Multiplier - Shift multiplier for ATR. That is, the distance to place the stop loss.
Bars number - The number of bars for calculating the indicator. If "0" - the indicator will be calculated on the current bar, if "1" - the indicator will be calculated on the previous bar, that is, at the close of the candle.
NOTIFICATIONS SETTINGS
Send Push Notifications - Use notifications about the appearance of new signals to the mobile version of the trader's terminal
Send PopUp Alerts - Use pop-up notifications when new signals appear
Send Email - Use sending letters about the appearance of signals to the trader's e-mail
GRAPHICS SETTINGS
Up Color Line - Color of the indicator line in an uptrend
Down Color Line - Color of the indicator line in a downtrend
Lines Wight - Adjusting the thickness of the indicator line
We are happy to provide our developments for free, but due to the limited time available, all free products are provided without any support.
Thank you for understanding.