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Supertrend indicator for Metatrader 5
SuperTrend indicator is based on ATR (Average True Range) and CCI (Commodity Channel Index). CCI helps to define trend, ATR calculates level. If CCI > 0, Supertrend is horizontal or grows up. If CCI<0 , Supertrend is horizontal or falls down. Supertrend is also used to define support and resistance levels. Indicator draws long horizontal support/resistance lines . Supertrend performance is displayed on the following snapshot:
You will find all required manuals on how to use Metatrader 5 and how to install indicators here
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