The X Super Trend Candles indicator for Metatrader 4 consists of colored candlesticks and it provides buy & sell trend direction.
The indicator appears as red and green colored candlesticks on the main MT4 chart.
In essence, a green colored candlestick is considered bullish while a red colored candlestick bearish.
After you downloaded and installed the indicator on the MT4 trading platform, it should look like the image as shown below.
Key Points
- Candlestick signal indicator
- Beginner friendly
- Works for any time frame
- Well worth adding to your indicator collection
This indicator can work together with any existing trading strategy or system as a buy & sell trend confirmation tool.
Free Download
Download the “xSuperTrend Candles.ex4” MT4 indicator
Indicator Example Chart
The USD/JPY 5-minute chart below shows the X Super Trend Candles Forex indicator in action.
Basic Trading Signals
BUY:
- A buy signal occurs when the first green candlestick appears on the chart.
- Set stop loss below the previous swing low level.
- Exit the buy trade for a predetermined profit target or wait for a sell signal.
SELL:
- A sell signal occurs when the first red candlestick appears on the chart.
- Set stop loss above the previous swing high level.
- Exit the sell trade for a predetermined profit target or wait for a sell signal.
Download This Forex Indicator
Download the “xSuperTrend Candles.ex4” MT4 indicator
Adjustable Parameters & Settings
Super trend period, trend multiplier, colors, style
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: any
Indicator Type: Candlestick signals
How to install the X Super Trend Candles Forex indicator in Metatrader 4?
- Copy and paste the xSuperTrend Candles.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