The Supertrend NRP Forex indicator for MT4 is a classic buy & sell technical tool that provides reliable trading signals for beginners.
Supertrend NRP appears on the chart as a green and orange colored signal line.
Because it is a non-repainting indicator, the signals remain stable once formed, increasing trader confidence and reducing second-guessing.
Combined with sound risk management, the Supertrend NRP can be a valuable part of any Forex trading strategy.
Key Points
- Works for any trade style
- Non-repaint signals
- Beginner friendly
- Well worth adding to your indicator collection
Free Download
Download the “supertrend-nrp-indicator.ex4” MT4 indicator
Indicator Example Chart
The USD/CAD 30-minute chart below shows the Supertrend NRP indicator in action.
Basic Trading Signals
Signals from the Supertrend NRP Forex indicator for MetaTrader 4 are straightforward to interpret. Follow these guidelines:
BUY:
- Open a long trade when the green signal line gets printed on the chart.
- Place a 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 a 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 Now
Download the “supertrend-nrp-indicator.ex4” MT4 indicator
Supertrend NRP with RSI Confirmation MT4 Trading Strategy
The Supertrend NRP Forex Indicator MT4 provides reliable non-repainting trend signals, making it a solid foundation for trend-following strategies.
Combining it with the Relative Strength Index (RSI) helps confirm momentum and avoid false signals.
Chart Setup
- Primary Indicator: Supertrend NRP Forex Indicator MT4
- Confirmation Indicator: RSI (14)
- Timeframe: 1-hour (H1) or 4-hour (H4)
Buy Conditions
- The Supertrend NRP indicator turns green, signaling an uptrend.
- RSI is above 50 but below 70, indicating bullish momentum without being overbought.
- Enter a buy trade at the close of the candle, confirming the Supertrend signal.
Sell Conditions
- The Supertrend NRP indicator turns red, signaling a downtrend.
- RSI is below 50 but above 30, showing bearish momentum without being oversold.
- Enter a sell trade at the close of the candle,e confirming the Supertrend signal.
Stop Loss and Take Profit
- Stop Loss: Place just below the Supertrend line for buy trades and just above it for sell trades.
- Take Profit: Aim for a risk-to-reward ratio of 1:2 or exit when the Supertrend changes color.
Additional Tips
- Trade only when the higher timeframe (e.g., H4) confirms the direction of the lower timeframe.
- Use this strategy during trending market conditions; avoid ranging markets.
- Monitor major news events and avoid trading during high-impact releases to reduce volatility risks.
Indicator 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 personalized indicator setup.
Technical Information
Currency Pairs: works on any currency pair
Trading Platform: developed for Metatrader 4 (MT4)
Time Frames: works on any time frame
Indicator Type: Signals
Final Thoughts
The Supertrend NRP Forex Indicator for MT4 is a reliable tool for traders seeking clear buy and sell signals.
Its non-repainting nature ensures that once a signal is formed, it remains stable, reducing second-guessing and enhancing trader confidence.
The indicator’s straightforward approach makes it particularly suitable for beginners, offering an intuitive way to identify market trends.
By combining the Supertrend NRP with other indicators like the RSI, traders can further confirm trade signals, improving the accuracy of their decisions.
Whether used in isolation or as part of a broader strategy, the Supertrend NRP is a valuable addition to any trader’s toolkit.
