SuperTrend Plus Indicator for MetaTrader 4 (MT4) – Free [TFlab]

The SuperTrend Plus Indicator is a trend-driven analytical tool that combines dynamic support and resistance calculations with an advanced noise-filtering mechanism to identify precise entry and exit points. This indicator is designed to operate without lag, adjusting its position relative to price action in real time as market trends shift.

You can download it from this link:

https://cdn.tradingfinder.com/file/5...4-by-tflab.zip

You can also access the MetaTrader 5 version of this Indicator through this page:

https://www.forexfactory.com/thread/...tatrader-5-mt5

For instructions on how to install:

https://www.forexfactory.com/thread/...-in-metatrader

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SuperTrend Plus Indicator Overview
The SuperTrend Plus Indicator functions based on dynamic price ranges and evaluates market volatility—most commonly through the Average True Range (ATR). Using these calculations, the tool generates a responsive support and resistance channel:

1. Blue Line: Represents the beginning or continuation of a bullish trend, plotted dynamically beneath the candles.

1. Red Line: Signals the start or continuation of a bearish trend and is plotted above the candles.

Important Note:
A change in the line color serves as a primary signal of a potential trend reversal or corrective movement.

Indicator in Uptrend
The chart example below illustrates the XAU/USD (Gold) price movement on the 1-minute timeframe.
When the SuperTrend Plus green (bullish) line forms beneath the candles, the market structure transitions into an upward phase. Additionally:

1. High-volume bullish candles

1. Short lower wicks

1. Increased buying pressure near the dynamic line

These characteristics often signal favorable conditions for initiating long positions.

1. Uptrend analysis using the SuperTrend Plus Indicator

1. Visualization of the buy-entry zone supported by bullish structure

Indicator in Downtrend
The following example demonstrates the NASDAQ 100 (NAS100) on the 1-minute timeframe.
When the indicator’s red line appears above the candles, it identifies the beginning or continuation of a bearish phase. The presence of:

1. Strong bearish candles

1. Long upper wicks

1. Confirmed selling pressure

can create conditions suitable for initiating short trades.

1. Downtrend examination using the SuperTrend Plus Indicator

1. Sell-entry signal identified by bearish momentum

SuperTrend Plus Settings
The SuperTrend Plus settings panel includes the following adjustable parameters:

1. PERIOD: Number of candles used in each calculation cycle.

1. MULTIPLIER: Volatility amplification factor for determining band width.

1. ALERT: Enables audio alert for trend changes.

1. EMAIL: Sends trend-change notifications via email.

1. NOTIFICATION: Triggers push alerts to mobile devices.

1. MESSAGE TIMEOUT: Determines the minimum interval between alert messages.

1. MESSAGE SUBJECT: Customizable alert title for user notifications.

Conclusion
The SuperTrend Plus Indicator is an effective tool for market trend analysis, producing actionable trading signals through dynamic support and resistance levels.

1. Bullish setups: Green line positioned below price

1. Bearish setups: Red line positioned above the candles

By filtering market noise and highlighting trend reversals with precision, this indicator enhances the accuracy of entry and exit decisions across bullish and bearish conditions.