rainbow mt4 is a technical indicator based on moving average with period 34 and very easy to use. When price crosses above ma and ma changes color to green, its a signal to buy. When price crosses below ma and ma changes color to red, its a signal to sell.
You can eliminate all the hassle by using the supertrend indicator for mt4. For instance, if the price of a certain asset hits a critical level, the indicator curve must be green. Similarly, you need to look for a red curve in the indicator when the price of a certain asset hits major resistance level.
the supertrend indicator developed for metatrader 4 based on the prorealtime version. - free download of the supertrend indicator by jnrtrading1 for metatrader 4 in the mql5 code base, 2008.
the supertrend mt4 indicator is mainly used to identify the price trends. Therefore, when price is in an uptrend, buying the dips is the most ideal strategy.
supertrend indicator for mt4 is a metatrader 4 (mt4) indicator and the essence of this technical indicator is to transform the accumulated history data.
Supertrend is a trend following indicator that is plotted on price and represents a continuous line that allows defining the current strong trend direction. This tool will also provide buy and sell signals that can be taken into consideration depending on the trading strategy.
Specs release date september 18, 2020 last updated september 18, 2020 current version 1. 0 product type indicator requirements mt4 mt5 description developers whether its equities, futures, and forex, the beginners traders widely use the supertrend indicator.
Draws the indicator on the full chart history without a performance penalty. Thx man for sharing post 7 quote dec 30, 2011 628am dec 30, 2011 628am xaphod.
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