The Supertrend etradro indicator is a unique tool designed for the forex market, capturing the nuances of market volatility and aiding in precise trend following. It stands out for its integration of the Average True Range (ATR) indicator and its ability to calculate course gaps or gaps in pricing, ensuring a more accurate assessment of trend direction.
Volatility Measurement and Trend Following
At the core of the Supertrend etradro indicator is the ability to measure volatility. This is achieved by using the mean value of the current price as the baseline. With this tool, an increase in market volatility results in the supertrend line moving further away from the underlying line, providing traders with valuable insight into market trends.
Comparison to Parabolic SAR Indicator
Functionally, the Supertrend etradro bears resemblance to the Parabolic SAR indicator. Both feature sliding stop and reversal lines, which are essential in determining the potential direction of a trend. However, the Supertrend etradro indicator differentiates itself with its two variants – the standard base ATR and the standard deviation, providing users a choice based on their trading strategies and market conditions.
Trend Identification and Reversal
The Supertrend etradro indicator is designed to always move in the direction of the trend. It uses a red and a green line across the chart to represent a downtrend and an uptrend respectively. A reversal in trend is identified when an existing support or resistance level is crossed. In such instances, a price breakdown through a signal line may indicate a potential sell signal, while a signal line crossing upwards could suggest a buy signal.
Features and Usage
Some notable features of the Supertrend etradro indicator include the ability to change the indicator base (ATR/ Standard Deviation) and the provision of alerts on trend changes. It also allows for customization through input parameters such as the Type of Calculation (ATR or Standard Deviation), Period ATR, Period Price and Do Alert. These features collectively enhance the functionality of the indicator, providing traders with a flexible and responsive tool for forex trading.
Independent Testing and User Experience
Independent testing of the Supertrend etradro indicator is available on the forexroboteasy.com website. Users can also subscribe to updates on the results of testing this product. We invite all users to share their experiences of using this product, further contributing to its comprehensive review.
FAQ
What is the Supertrend etradro indicator?
The Supertrend etradro indicator is a volatility-based forex indicator designed for precise trend following and accurate market analysis.
What makes the Supertrend etradro indicator unique?
Its unique feature lies in its integration of the ATR indicator and its ability to calculate course gaps, which ensures a more accurate assessment of trend direction.
How does the Supertrend etradro indicator identify trend reversals?
A reversal in trend is identified when an existing support or resistance level is crossed. A price breakdown through a signal line can indicate a potential sell signal, while a signal line crossing upwards may suggest a buy signal.
Where can I find independent testing of the Supertrend etradro indicator?
Independent testing of this product is available on the forexroboteasy.com website.
This review of the Supertrend etradro indicator is an independent analysis of the product and does not represent any endorsement or affiliation.
Write review