Supertrend Multi-Timeframe Forex Indicator for MT4
You may already know what a Supertrend forex indicator is, how it works, and some of its weaknesses. Supertrend Multi-Timeframe (MTF) forex indicator for MT4 aims to improve on the Supertrend Line indicator by considering the trend in multiple timeframes.
What Is Supertrend Multi-Timeframe Indicator for MT4?
You should already know what the Supertrend Line forex indicator for MetaTrader is. However, if you don’t know, the Supertrend indicator is a forex indicator showing a pair’s primary trend. The trend considers volatility in the form of ATR and price.
One of the disadvantages of the Supertrend indicator is that it can provide false entry signals. This is especially true when the forex market is ranging.
The Supertrend Multi-Timeframe forex indicator for MT4 tries to minimize such false signals. It is a combination of Supertrend forex indicators in different mt4 timeframes.
Thanks to this combination, you can see indicator Supertrend status across all the selected mt4 timeframes in a single place.
Why Use Supertrend Multi-Timeframe Forex Indicator for MetaTrader?
Checking the chart trend on only one chart can lead to a limited understanding of the overall trend.
Supertrend Multi-Timeframe Forex Indicator for MT4 download link