Non Repainting Supertrend Indicator for MT4 Download - Free - [TFlab]

The Non Repainting Supertrend Indicator is one of the MT4 trading assist indicators, used for identifying trends and breakouts. This trading tool and 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.

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.