Wed Jan 16,
I know you will continue to support iCharts, because it is members like you who have made it the most successful platform in India.
Thanks for your patience and kind understanding. Thu Jan 17, 8: Keltner Channels If you're taking requests, could you add Keltner Channels as well?
Back to top deepakms White Belt Joined: Thu Jan 17, Dear Team Icharts, Since there is an option of supertrend indicator being added in future to the live charts,would it be available on the EOD jcharts as well? Thu Jan 17, 2: It is just an option right now. The developer has to assess the feasibility.
We cannot add any indicators to JCharts. Thu Jan 17, 9: Hi PT, Good issue raised by fellow ichartians, please add supertrend in JChart or Live chart, there is issue accessing the Platinium charts in office. Fri Jan 18, 7: As mentioned, we can only do it if the developers say it is feasible. The whole reason to get platinum was that in live and JCharts further development was becoming a pain.
But we try to do what we can. Thu Feb 06, 8: Regards, ProTrader pt bhai any update on this? Thu Feb 06, Regards, ProTrader 1 saal beet gaya Back to top marimuthu13 White Belt Joined: Fri Feb 07, 9: How long will it take for developer to confim his fesabilites.. Back to top pkholla Black Belt Joined: When the Supertrend MT4 Indicator is Green, price is always trading above this indicator, signaling an uptrend. Likewise, when price is in a downtrend, the Supertrend MT4 Indicator turns red.
Therefore, when price is in an uptrend, buying the dips is the most ideal strategy. Likewise, when prices are in a downtrend and the SuperTrend MT4 Indicator is Red, selling the rallies is the most ideal trend based position to take up. The rules are simple as well. Starting from the left side of the chart we notice prices were in a downtrend. A long position is taken, targeting the previous resistance level marked by the down Red arrow.
Prices then tend to move sideways before breaking the resistance. A quick dip back to this broken resistance establishes support marked by the up Green arrow. Because prices are still in an uptrend, long positions can be taken and trailed along or the long position can be closed after moving some specified number of pips. On the far right of the screen, notice how the previous support now turns to resistance. Short positions can be taken here and traded along.
Exit Rule Exit long position when the price moves below the green line. Exit short position when price moves above the red line.
Be aware that if the session candle is very long, then your risk is higher. You can either skip the trade or enter a smaller lot size.
Time Frames Technically speaking, you can use this indicator for all time frames. However, the shorter the time frame, you will see more fluctuation and possibly more whipsaw which may cause small losses that can eat up your portfolio quickly. We recommend that you use higher time frames like the 4H for better consistency.
Combined with good price action techniques, the SuperTrend MT4 indicator definitely adds value to traders, especially in terms of keeping the trade on the right side of the trend. We have provided this useful indicator to you at no cost. To unlock the download link, you just need to share this page to help us achieve our goal of helping more traders out there.