Supertrend.mq5 2
This Old Kings indicator for MetaTrader 5 is called Supertrend.mq5 2. As the name suggests, the idea behind it is the SuperTrend line. In the code it works with ATR. It has 3 settings, for example Periode (default 10), Multiplier (default 3) and Show Filling (default true). Try it on a demo chart first and note how its lines or arrows react to new bars. Inside: 1 indicator file with source code (.mq5) you can open and edit in MetaEditor. Old Kings are classic community tools shared as-is. Not tested by PolyMaria. Try it on a demo account first. Are you the author of this tool? Message us on Telegram (@abumarket_support) and we will credit you or take it down.
Indicator · MT5 · v1.0 · Free
About Supertrend.mq5 2
Supertrend.mq5 2 is an indicator for MetaTrader 5 based on ATR. It has 3 settings, such as Periode, Multiplier and Show filling. MQL source code included.
Files in the download: supertrend (2).mq5.
Settings
| Setting | Default | What it does |
|---|---|---|
| Periode | 10 | Number of bars in the calculation |
| Multiplier | 3 | How much the lot size grows after a loss |
| Show filling | true | Show as DRAW_FILLING |
How to install
- Download the ZIP from your PolyMaria library and unzip it.
- In MetaTrader 5 open File → Open Data Folder, then go to MQL5 → Indicators.
- Copy the .mq5 file(s) there. Put any .mqh files in MQL5 → Include.
- Open the .mq5 file in MetaEditor and press Compile (F7) if MetaTrader does not show it.
- Drag the indicator from the Navigator onto a chart and adjust the settings.
Tags: ATR · MT5 Indicator · MQL5 Source Code