Kolier Supertrend Indicator for MT5 - Download - [TradingFinder]

The Kolier Supertrend Indicator is a technical analysis tool on the MetaTrader 5 platform that uses the ATR (Average True Range) indicator.

This trading Assist identifies market trends more accurately and detects potential reversal points; in an upward trend, the line is displayed in green, and in a downward trend, the line is shown in red.

Kolier Supertrend Specifications Table

The table below briefly and technically reviews the general features of the Kolier Supertrend Indicator.

Indicator at a Glance

In the Kolier Supertrend Indicator, the ATR indicator calculates the average true price range and evaluates market volatility for this trading tool.

This MT5 indicator operates in specific time frames (such as 10 or 14 periods), changes the color of the line based on the market trend, and determines the entry and exit ranges based on the color change.

Uptrend Conditions

Based on the one-hour chart of the EUR/USD currency pair (Euro/US Dollar), when the price crosses the indicator line and the color of the Kolier Supertrend Indicator line changes to green, a suitable range for entering buy (Buy) trades are formed.

Downtrend Conditions

Based on the price chart of XAUUSD (Gold) in the 30-minute time frame, the price breaking the indicator line and its color changing to red can be considered a suitable signal for entering sell trades.

This change indicates increased selling pressure and the likelihood of the downward trend continuing.

Indicator Settings

The settings panel of the Kolier Supertrend Indicator in the MetaTrader 5 platform is shown in the image below:

• ATR Period: Calculation length
• ATR Multiplier: Scaling factor
• Lookback: Review range

Conclusion

In the Kolier Supertrend Indicator for MetaTrader 5, adjusting the ATR multiplier controls the accuracy of trend detection and allows customization based on the trading strategy.

The color change of the indicator line also visually specifies the entry and exit ranges.