Super Trend Multi MTF Indicator

MT4 Free Download

Introduction to the Super Trend Multi MTF Indicator

The Super Trend Multi MTF Indicator is, as the name suggests, a multi timeframe forex trading indicator providing Supertrend signals. The Supertrend is a popular trend-following gauge, and this forex indicator gives the opportunity to use it in multi timeframe analysis.

The Super Trend Multi MTF Indicator fits all kinds of timeframes and currency pairs. It is displayed in a separate window placed just below the main trading chart. The default settings can be modified directly from the input tab. Feel free to experiment with the settings and parameters to fit your personal preferences.

How does it work? How to apply in trading?

Trading Rules Explanation

The core element of the Super Trend Multi MTF Indicator is a signal line. When it’s green, a trader should look for buy trades. Conversely, the orange line reflects sell trade opportunities. It is an multi time frame indicator, so you can choose the specific time frame of provided signals. For example, when one is active on the H1 chart, the indicator could be set to provide signals for the H4 chart. Instructions below are based on signals for a current timeframe.

Buy Signal

Follow these steps for a long trade:

Super Trend Multi MTF Indicator switches from orange to green
Open a buy trade
Set stop loss a few pips below recent market low
Take profit or exit trade whenever the Super Trend Multi MTF Indicator provides opposite signal

Super Trend Multi MTF Indicator Example of Buy Trade

Sell Signal

Follow these steps for a short trade:

Super Trend Multi MTF Indicator switches from green to orange
Open a sell trade
Set stop loss a few pips above recent market high
Take profit or exit trade whenever the Super Trend Multi MTF Indicator provides opposite signal

Super Trend Multi MTF Indicator Example of Sell Trade

As always, to achieve good results, remember about proper money management. To be a profitable trader you need to master discipline, emotions, and psychology. It is crucial to know when to trade, but also when not to trade. Avoid trading during unfavorable times and market conditions like low volume/volatility conditions, beyond major sessions, exotic currency pairs, wider spread, etc.

How to set up the Super Trend Multi MTF indicator in MetaTrader (MT4)?

Installation Guide

Download the Super Trend Multi MTF.rar archive at the bottom of this post, unpack it, then copy and paste the Super Trend Multi MTF.ex4 or Super Trend Multi MTF.mq4 indicator files into the MQL4 folder of the Metatrader 4 trading platform.

You can gain access to this folder by clicking the top menu options, which goes as follows:

File > Open Data Folder > MQL4 > Indicators (paste here).

Now go to the left side of your MT4 terminal. In the Navigator find the gauge name, right-click it and select Attach to the chart.

Bottom Line

The Super Trend Multi MTF indicator is well worth adding to your trading collection. A good forex indicator will most probably enhance your chance of success. Nonetheless, remember about having realistic expectations. Just like any other technical analysis tool, is not capable of providing accurate signals 100% of the time. Thus, this forex indicator provides false signals occasionally. Its performance will vary significantly depending on market conditions. Feel free to develop your own trading system based around it. Don’t forget that we still have more great free forex MT4 indicators to download and try.