The Super Trend CCI indicator for Metatrader 5 provides highly effective buy and sell signals directly on the price chart.
It combines the Supertrend and CCI indicators.
This indicator displays a 2-color line and delivers its signals as follows:
- When the line turns green, consider it a buy signal.
- When the line turns red, it indicates a sell signal.
Moreover, you have the flexibility to customize certain inputs and indicator variables, including adjusting the CCI period and selecting colors.
Before incorporating this indicator into live trading, it is crucial to comprehend its operation fully and extensively test it on a demo account.
A valuable tip for scalpers and intraday traders:
To achieve optimal trading results, it is recommended to use this indicator on narrow spread currency pairs, particularly during the London and New York trading sessions.
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Super_Trend.mq5 Indicator (MT5)
Trading Chart Example
The picture below shows what the Super Trend CCI indicator looks like when applied to the MT5 chart.
How To Buy And Sell Pairs With The Super Trend CCI Indicator?
Find a simple trading example below:
Buy Signal
- The appearance of the green colored Super Trend CCI line triggers a buy trade.
- Initiate a buy market order and place your stop loss slightly below the green line.
- When a sell trading signal emerges on the chart, it is advisable to exit the buy position.
Sell Signal
- The appearance of the red colored Super Trend CCI line triggers a sell trade.
- Initiate a sell market order and place your stop loss slightly above the red line.
- When a buy trading signal emerges on the chart, it is advisable to exit the sell position.
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Super_Trend.mq5 Indicator (MT5)
Trend Confirmation MT5 Strategy with Super Trend CCI and Silver Trend Signal
This strategy uses the Super Trend CCI Indicator to identify trend direction based on commodity channel index dynamics combined with the Silver Trend Signal Indicator, which offers clear buy and sell signals for trade entries.
Together, they provide a robust method to catch and ride strong market trends.
Indicators Used
- Super Trend CCI Indicator: Blends the Super Trend concept with CCI momentum to detect trend strength and direction.
- Silver Trend Signal Indicator: Provides straightforward buy/sell signals based on trend changes for precise entries.
Timeframes
Works well on M15, M30, and H1 charts for intraday and swing trading setups.
Buy Entry Rules
- The Super Trend CCI Indicator shows a bullish trend (indicator line or color confirms upward momentum).
- The Silver Trend Signal Indicator displays a buy signal.
- Enter a long trade at the close of the confirmation candle where both indicators align.
- Place a stop-loss below the recent swing low or below the Super Trend CCI indicator level.
- Set a take profit at the next resistance zone or use a favorable risk-reward ratio.
Sell Entry Rules
- The Super Trend CCI Indicator signals a bearish trend (indicator line or color shows downward momentum).
- The Silver Trend Signal Indicator displays a sell signal.
- Enter a short trade on the candle close, confirming both signals.
- Set stop-loss above the recent swing high or above the Super Trend CCI indicator level.
- Target the next support area or use risk management for exits.
Strategy Tips
- Confirm trend direction with the Super Trend CCI before taking Silver Trend Signal entries.
- Use higher timeframe analysis to improve signal reliability.
- Apply strict risk management to protect capital during volatile conditions.
Conclusion
Combining the trend strength detection of the Super Trend CCI Indicator with the clear entry signals of the Silver Trend Signal Indicator helps traders efficiently identify and enter high-probability trend trades with confidence.
Frequently Asked Questions
How Do I Install This Custom Indicator On Metatrader 5?
- Open the MT5 trading platform
- Click on the File menu button located at the top left part of the platform
- Click on Open Data Folder > MQL5 folder > Indicators
- Copy the Super_Trend.mq5 indicator file in the Indicators folder
- Close and restart the trading platform
- You will find the indicator here (Navigator window > Indicators)
- Drag the indicator to the chart to get started with it!
