Non Repainting Supertrend Indicator for MT5 Download - Free - [TradingFinder]

The Non-Repainting Supertrend Indicator is a tool for identifying trends and breakouts in MetaTrader 5. This indicator uses a dynamic line and peak markers to determine price direction changes and potential reversal points.

Additionally, the Non Repainting Supertrend Indicator is categorized under support and resistance indicators MT5, with the line's position relative to the price considered a key market zone.

Non-Repainting Supertrend Indicator Specifications Table

The table below contains the specifications and features of the Non-Repainting Supertrend Indicator:

Indicator Performance in Uptrend

Based on the 15-minute Ethereum (ETH) chart, the Non-Repainting Supertrend indicator marks the upward breakout with a green arrow. After the trend changes, the indicator line turns light blue and positions itself below the candles.

The line drawn by the Supertrend indicator acts similarly to a support level, as the price consistently finds support when interacting with this line.

Indicator Performance in Downtrend

The price has fallen below the indicator line on the NZD/USD currency pair chart. The Non-Repainting Supertrend marks the breakout with a red arrow and changes the line's color.

The downtrend remains in effect if the price stays below the indicator line.

Indicator Settings

The settings for the Non-Repainting Supertrend Indicator are as follows:

• Chart Theme: Choose your preferred chart theme
• Period: Number of candles for indicator calculation
• Multiplier: Sets the distance between the indicator line and the price

Conclusion

The Non Repainting Supertrend Indicator uses a dynamic line to display price movement relative to the line, allowing quick and simple trend analysis.

As one of the Level Indicators, its drawn line is important in identifying support and resistance levels.