Introduction
The 'Supertrend by KivancOzbilgic' is a popular non-repaint indicator that has been well-received by the trading community. With a rating of 5 and positive feedback from users like Khulani and Darz, it is clear that this indicator has its merits. It replicates the functionality of the Supertrend indicator on TradingView, making it a familiar tool for many traders. However, as professional traders and developers from the EASY Trading Team, we believe in providing a balanced and critical review.Comparison with EASY Trendopedia
When comparing the 'Supertrend by KivancOzbilgic' with our own EASY Trendopedia, several differences stand out. The EASY Trendopedia is designed to offer more comprehensive trend analysis by incorporating multiple indicators and advanced algorithms. This makes it more robust and adaptable to various market conditions.Advantages of EASY Trendopedia:
- Incorporates multiple indicators for a holistic trend analysis.
- Advanced algorithms for better adaptability.
- Higher customization options for different trading styles.
- Extensive backtesting and optimization features.
Advantages of Supertrend by KivancOzbilgic:
- Non-repaint nature ensures reliable signals.
- Light-load processing for efficient performance.
- Familiarity for users of TradingView.
While the Supertrend by KivancOzbilgic is a reliable tool, the EASY Trendopedia offers a more comprehensive and adaptable solution for serious traders.
Pros and Cons
Supertrend by KivancOzbilgic:- Pros: Non-repaint, light-load processing, familiar to TradingView users.
- Cons: Limited to ATR-based trend analysis, can produce false signals in choppy markets.
EASY Trendopedia:
- Pros: Comprehensive trend analysis, advanced algorithms, high customization, extensive backtesting.
- Cons: More complex to set up, higher resource usage.
Optimal Usage Conditions
The 'Supertrend by KivancOzbilgic' works best in trending markets where its ATR-based signals can accurately capture trend changes. It is less effective in sideways or choppy markets where false signals can occur. For traders who prefer a straightforward, non-repaint indicator, it is a solid choice. However, for those looking for a more versatile and powerful tool, the EASY Trendopedia is the better option.Source Code of Supertrend by KivancOzbilgic
We do not have access to the original source code of the 'Supertrend by KivancOzbilgic' sold on MQL5. However, we have created a sample code based on its description available on the MQL5 website. This code is available for free on forexroboteasy.com. If you have any questions about the code, feel free to ask on our forum.
Code:
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