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Supertrend NRP Forex Indicator (MT4)

    The Supertrend NRP Forex indicator for MT4 is a classic buy & sell technical tool that provides reliable trading signals for beginners.

    The indicator works equally well for scalpers, day traders and swing traders.

    Supertrend NRP appears on the chart as a green and orange colored signal line.

    After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.

    Key Points

    • Works for any trade style
    • Non-repaint signals
    • Beginner friendly
    • Well worth adding to your indicator collection

    This indicator can work together with any existing trading strategy or system as a simple buy/sell entry confirmation tool.

    Free Download 

    Download the “supertrend-nrp-indicator.ex4” MT4 indicator

    Indicator Example Chart

    The USD/CAD 30-minutes chart below shows the Supertrend NRP indicator in action.

    Basic Trading Signals

    Signals from the Supertrend NRP Forex indicator for Metatrader 4 are easy to interpret and goes as follows:

    BUY:

    • Open a long trade when the green signal line gets printed on the chart.
    • Place stop loss below the previous swing low level.
    • Exit the buy trade at a fixed take profit target or wait for the line color to turn back to orange.

    SELL:

    • Open a short trade when the orange signal line gets printed on the chart.
    • Place stop loss above the previous swing high level.
    • Exit the sell trade at a fixed take profit target or wait for the line color to turn back to green.

    Download This Forex Indicator

    Download the “supertrend-nrp-indicator.ex4” MT4 indicator

    Adjustable Parameters & Settings

    Time frame, super trend period, super trend multiplier, interpolate in multi time frame mode, alerts

    Feel free to explore the indicator’s different parameters and settings to create your own personalized indicator setup.

    More Info About This Indicator

    Currency Pairs: works on any currency pair

    Trading Platform: developed for Metatrader 4 (MT4)

    Time Frames: works on any time frame

    Indicator Type: Signals

    How to install the Supertrend NRP indicator in Metatrader 4?

    • Copy and paste the supertrend-nrp-indicator.ex4 indicator into the MQL4 indicators folder.
    • You can access this folder from the top menu as follows:
    • File > Open Data Folder > MQL4 > Indicators (paste here)

    How to remove the indicator from the chart?

    • Right click in the chart
    • Select indicators list
    • Click on the indicator’s name
    • Click on the delete button