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The Non Repainting Supertrend Indicator is one of the MT4 trading assist indicators, used for identifying trends and breakouts. This trading tooland uses a dynamic line and peak markers to determine the direction and reversal of price movement.
Indicator Specifications Table
The features and specifications of the Non Repainting Supertrend Indicator are detailed in the table below:
| Category | Trading tool - Support and Resistance - Levels and zones |
| Platform | MetaTrader 4 |
| Skill Level | Beginner |
| Indicator Type | Trend Continuation - Reversal |
| Timeframe | Multi-timeframe |
| Trading Style | Scalping - Day trading - Swing trading |
| Market | All markets |
Overview of the Indicator
When the indicator line is below the price, it indicates an uptrend (Bullish); conversely, when the price is below the line, the trend is downtrend (Bearish).
The Supertrend indicator marks an upward breakout with a green arrow and a downward breakout with a red arrow. The lines formed by the indicator effectively act as support and resistance levels within the market.
Uptrend Conditions
The price has crossed above the indicator line in the chart below, and the Non Repainting Supertrend Indicator marks the breakout with a green arrow. After the trend direction changes, the indicator line turns light blue and positions itself below the candles.
In the EUR/USD currency pair chart, the indicator line is a strong support level, as the price consistently finds support when interacting with it.
downtrend Conditions
Based on the Cardano (ADA) cryptocurrency chart on the 1-hour timeframe, the price breaks below the indicator line.
The Supertrend marks the breakout with a red arrow and changes the line's color. The downtrend continues as long as the trend remains below the indicator line.
Indicator Settings
The settings for the Non Repainting Supertrend Indicator are as follows:
- Chart Theme: Option to select the indicator theme
- Period: Number of calculation periods
- Multiplier: Determines the distance between the indicator line and the price
Conclusion
The Level Determination Indicator has been developed for quick trend direction analysis and breakout levels in the MetaTrader 4 platform.
This Level Indicator uses a dynamic line and, based on the position of the candles relative to this line, displays the trend movement in a simple manner.
Is this indicator suitable for highly volatile markets?
Yes, it uses the ATR, allowing it to effectively manage market volatility.
Does this indicator issue entry signals using arrows?
No, the arrows are only markers for breakout confirmation of the indicator line.