Triple SuperTrend Histo

Supertrend indicator uses a combination of a moving average and average true range to detect the trend of a trading instrument.

Supertrend indicator for MetaTrader 5 easily shows the trend as a line following the price.

Triple SuperTrend Histo

indicator calculate three supertrends to show the trend as a histogram.

Changing the color from red to green means you can BUY, from green to red means you can SELL.

Description of the method of drawing a histogram.

The price is above the EMA 200, I check the values of the supertrend.

Each price of the supertrend lines above is one point.

Three points is a strong BUY trend, color GREEN.

The price is below the EMA 200, I check the values of the supertrend.

Each price below the supertrend line is one point.

Three points is a strong SELL trend,  color RED.

You can use the second my indicator:

You will see 3 supertrends and EMA 200 lines on the screen.

Working with my product :
https://www.mql5.com/en/market/product/80692

USAGE THIS INDICATOR

If the closing prices are above Supertrend Line, there is a Bullish sentiment at that moment. The opposite is a Bearish sentiment.

Three green lines - Strong Bullish sentiment.

Three red lines - Bearish sentiment.

For BUY :

- Three green lines and price above EMA (200)

- Stop Loss below last supertrend red line.

For SELL:

- Three red lines and price bellow EMA (200)

- Stop Loss above last supertrend green line.