Super Trend Hull Indicator
Platform: MT5 Type: Trend Last update: September 24, 2024The Super Trend Hull indicator is, as the name suggests, a custom forex indicator that compounds Super Trend and Hull indicators. That gauge incorporates the ATR within its algorithm formula as a means of modifying its signal mode.
The signals provided by the Super Trend Hull are good and accurate enough to be used as a standalone trading tool. Most importantly, it is no repaint forex indicator.
How to use the Super Trend Hull?
Signals provided by the Super Trend Hull Indicator are really intuitive and will not cause you difficulties. Simply follow the suggestions below.
Buy Entry: Open long trade when the Super Trend Hull indicator signal line turns lime green. Place your stop loss a few pips below the last swing low.
Sell Entry: Open short trade when the Super Trend Hull indicator line turns pale violet red. Place your stop loss a few pips below the last swing high.
Exit Trade / Take Profit: Close your open position when the opposite signal occurs, or use your own preferred method of trade exit.
Example of GPB/USD H1 Chart
This screenshot below shows an example of the Super Trend Hull Indicator in action.
