The change of the trend is displayed by the arrows. If the line is below the price bar and it is colored blue the trend is up. If the line is above the price bar and it is colored red, the trend is down.

The indicator is very easy to use as it gives us an accurate reading about the trend. Time frames: 5-Minutes, 15-Minutes, 30-Minutes, 1-Hour, 4-Hours, 1-Day, 1-Week, 1-Month.Customization options: Variable (Nbr_Periods, Multiplier, sidFontSize, sidFontName, NoteRedGreenBlue, sidRed, sidGreen, sidBlue, sidXPos, sdYPos, tagDisplayText, tag Text, tagFontSize, tagFontName, tagRed, tagGreen, tagBlue, tagXPos, tagYPos), Colors, width & Style.They will not influence on the behavior of the indicator curve. Their purpose is to describe different characteristics of the label and the display on the chart. The indicator has many more input parameters, however, these parameters are not as important as the first two ones. Though we can play with those parameters, the default values will give us a pretty good picture of the trend. The average true range or ATR is very important in Supertrend calculation as it signals the degree of the price volatility. Non-Repainting Supertrend Indicator For MT4 uses two parameters, ATR (nbr_periods) and Factor (multiplier) with default values 10 and 4.0. Magnified Market Price added for instant check of current market price.Signals: The Non-Repaiting SuperTrend indicator gives a reversal signal when the bar closes on the other side of the stop line.This is particularly true if the ATR period is short. If you use the current bar’s ATR, the current bar’s breakout is partly measured against its own range. It calculates both the Median and the ATR (average true range) 1 bar ago, whereas the original SuperTrend indicator takes the ATR and moving average of the current bar.The (statistical) median is known to be more robust than any average. It uses a moving (statistical) median of the arithmetic mean (High + Low)/2 of the bars instead of a moving average.The Non Repainting SuperTrend Indicator is particularly stable and has a few advantages over the older version of SuperTrend indicators:

Forex arrow indicator no repaint