Category Archives: MT4 vs MT5

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Super Trend Indicator : How Does it Work?

The SuperTrend indicator is a technical analysis tool that can be used to identify trends in financial markets. It is based on the average true range (ATR) and the current price of an asset, and it can be used to generate buy and sell signals.

To calculate the SuperTrend indicator, you need to determine the following values:

  1. ATR: The average true range is a measure of volatility. It is calculated by taking the average of the true range over a specified number of periods.
  2. Base price: The base price is the most recent closing price of the asset.
  3. Multplier: The multiplier is a number that is used to adjust the sensitivity of the indicator. A higher multiplier will result in a more sensitive indicator, while a lower multiplier will result in a less sensitive indicator.

Once these values have been determined, the SuperTrend indicator can be calculated using the following formula:

SuperTrend = (Base price x ATR x Multiplier) + Base price

If the current price is above the SuperTrend value, it is considered a buy signal. If the current price is below the SuperTrend value, it is considered a sell signal.

The SuperTrend indicator can be used in conjunction with other technical analysis tools and techniques to provide a more comprehensive analysis of market trends. It is important to note that the SuperTrend indicator should not be used as the sole basis for making investment decisions, and that it is important to conduct thorough research and analysis before making any investment decisions.

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What is the difference between MT4 and MT5


MT4 and MT5 are both software platforms for online trading. MT4, or MetaTrader 4, is a widely used platform for trading Forex, CFDs, and futures. It is developed by MetaQuotes Software and was released in 2005. MT5, or MetaTrader 5, is the successor to MT4 and was released in 2010. It is also a platform for online trading, but it has a number of additional features compared to MT4.

Some of the main differences between MT4 and MT5 include:

Asset classes: MT4 is primarily designed for trading Forex and CFDs, while MT5 is designed to support a wider range of asset classes, including stocks and futures.

Order types: MT5 has a greater number of order types compared to MT4, including the option to use a netting system for exchange-traded instruments.

Technical analysis: Both platforms have a range of technical analysis tools, but MT5 has more advanced tools, including 21 timeframes and 38 technical indicators.

Programming language: MT4 uses a programming language called MQL4, while MT5 uses MQL5.

Both MT4 and MT5 are popular choices for online trading and are supported by a large number of brokers. Which platform is best for you will depend on your specific trading needs and preferences.

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