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  • Comments (1)

Supertrend Fakeout MT5

5
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The Supertrend Fakeout Indicator is an enhanced version of the classic Supertrend indicator, designed to deliver more reliable trend signals. By incorporating advanced features like the Fakeout Index Limit and Fakeout ATR Mult, this indicator helps to filter out false trend reversals caused by short-term price fluctuations or market noise.

See more MT4 version at: Supertrend Fakeout MT4

See more products at: All Products

How It Works

The Supertrend Fakeout Indicator operates based on the Average True Range (ATR) and a multiplier to identify trends.

  • When the price is above the Supertrend line, it signals an uptrend.
  • When the price is below the Supertrend line, it signals a downtrend.

This enhanced version goes a step further by adding these critical checks before confirming a trend reversal:

  1. Price Distance Check from the Supertrend Line

    • The indicator monitors whether the price moves a distance equal to Fakeout ATR Mult x ATR away from the Supertrend line after a potential breach.
    • This ensures that the trend change is significant and not just a minor fluctuation.

  2. Monitoring Price Action Over a Fixed Number of Bars

    • Controlled by the Fakeout Index Limit, this feature ensures the price remains below the Supertrend line (for a downtrend) or above it (for an uptrend) for a specific number of bars before confirming the trend reversal.
Input Parameters

Easily customizable settings to suit your trading strategy:

  • ATR Length: 14 
  • ATR Multiplier: 3 
  • Fakeout Index Limit: 5
  • Fakeout ATR Mult: 1.5
  • Fakeout Type: Choose the breakout type (High/Low or Close)
Key Features

  • Color-Coded Signals:

    • Bullish trends are marked in green.
    • Bearish trends are marked in red.

  • Built-In Alert System:

    • On-screen notifications: Receive instant alerts directly on your platform.
    • Email notifications: Stay informed even when away from your desk.
    • Custom sound alerts: Supports personalized sound files for notifications.
    • Push notifications: Connect effortlessly to your mobile or other devices.
Benefits of Using the Supertrend Fakeout Indicator

  1. Reduce False Signals:
    The filtering mechanism, based on Fakeout ATR Mult and Fakeout Index Limit, minimizes the impact of market noise and false trend reversals.

  2. Enhance Trading Efficiency:
    With more reliable trend signals, you can optimize your trading strategies and maximize profits.

  3. High Customization:
    Flexible parameters allow traders to adapt the indicator to their unique trading styles.


Reviews 3
DropStacker
55
DropStacker 2025.04.17 16:34 
 

nice tool

James Erasmus
1635
James Erasmus 2025.01.25 11:55 
 

Very good product and support. Works with no major issues, slight variance in results with tester vs real time, but overall great product for traders

Евгений
57
Евгений 2024.12.31 22:52 
 

Визуально не плохо

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CBT Quantum Maverick High-Efficiency Binary Trading System CBT Quantum Maverick is a finely tuned, high-performance Binary Options Trading System designed for traders seeking precision, simplicity, non-repaint signals and disciplined trading. No customization is required—this system is optimized for effective results right out of the box. Simply follow the signals, which can be mastered with a bit of practice. Key Features: Signal Precision: New-bar-based trading signals—targeting the next ca
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Best Solution for any Newbie or Expert Trader! This Indicator is a unique, high quality and affordable trading tool because we have incorporated a number of proprietary features and a new formula. With only ONE chart you can read Currency Strength for 28 Forex pairs! Imagine how your trading will improve because you are able to pinpoint the exact trigger point of a new trend or scalping opportunity? User manual:   click here That's the first one, the original! Don't buy a worthless wannabe clone
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Gold Trend - this is a good stock technical indicator. The indicator algorithm analyzes the price movement of an asset and reflects volatility and potential entry zones. The best indicator signals: For SELL = red histogram + red SHORT pointer + yellow signal arrow in the same direction. For BUY = blue histogram + blue LONG pointer + aqua signal arrow in the same direction. Benefits of the indicator: The indicator produces signals with high accuracy. A confirmed arrow signal can only be redrawn
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Barend Paul Stander
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Auto Order Block with break of structure based on ICT and Smart Money Concepts (SMC) Futures Break of Structure ( BoS )             Order block ( OB )            Higher time frame Order block / Point of Interest ( POI )    shown on current chart           Fair value Gap ( FVG ) / Imbalance   -  MTF      ( Multi Time Frame )    HH/LL/HL/LH  -  MTF      ( Multi Time Frame )  Choch  MTF      ( Multi Time Frame )  Volume Imbalance     ,  MTF          vIMB Gap’s Power of 3 Equal High / Low’s  
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4.22 (9)
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This dashboard shows the latest available   harmonic patterns   for the selected symbols, so you will save time and be more efficient /   MT4 version . Free Indicator:   Basic Harmonic Pattern Comparison of "Basic Harmonic Pattern" vs. "Basic Harmonic Patterns Dashboard" Indicators Feature Basic Harmonic Pattern Basic Harmonic Patterns Dashboard Functionality Detects and displays harmonic patterns on a single chart Searches multiple symbols and timeframes for harmonic patterns, displays res
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4.84 (61)
Indicators
The trend detection indicator will compliment any strategy and can also be used as an independent tool. Be careful i not sell EA or sets at telegram it scam. All settings free here at   blog .  IMPORTANT! Contact me immediately after the purchase to get instructions and a bonus!  Benefits  Easy to use; does not overload the graphic wih unnecessary information. The ability to use as filter for any strategy. Contains bult -in dynamic levels of cupport and resistange,  which can be used both, for p
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MetaBands uses powerful and unique algorithms to draw channels and detect trends so that it can provide traders with potential points for entering and exiting trades. It’s a channel indicator plus a powerful trend indicator. It includes different types of channels which can be merged to create new channels simply by using the input parameters. MetaBands uses all types of alerts to notify users about market events. Features Supports most of the channel algorithms Powerful trend detection algorith
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Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me Overview OA SnR Power is a powerful tool designed for traders to identify and assess the strength of support and resistance levels. By incorporating key factors such as trading volume, rebound frequency, and retest count, this indicator provides a comprehensive view of critical price zo
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Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me Discover the power of AI with the SuperTrend AI Clustering MT5 with Scanner , a revolutionary trading tool for MetaTrader 5 (MT5). This indicator redefines market analysis by combining K-means clustering with the widely popular SuperTrend indicator, giving traders an edge in navigating t
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Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me Introducing the revolutionary RSI Kernel Optimized with Scanner for MT5 , a cutting-edge tool that redefines traditional RSI analysis by integrating the powerful Kernel Density Estimation (KDE) algorithm. This advanced indicator not only provides real-time insights into market trends but
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Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me SMC is a trading approach that helps traders identify liquidity zones, institutional order placements, and key market turning points. By leveraging SMC principles, traders can navigate the market more effectively, finding optimal entries and exits. The  SMC System  indicator automates th
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Special offer : ALL TOOLS , just $35 each! New tools   will be   $30   for the   first week   or the   first 3 purchases !  Trading Tools Channel on MQL5 : Join my MQL5 channel to update the latest news from me The Trendlines with Breaks Scanner is a state-of-the-art trading tool designed to help traders identify critical trends and detect breakouts in real time. With automatically generated pivot-point-based trendlines, this indicator empowers traders to seize trading opportunities with precis
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DropStacker
55
DropStacker 2025.04.17 16:34 
 

nice tool

James Erasmus
1635
James Erasmus 2025.01.25 11:55 
 

Very good product and support. Works with no major issues, slight variance in results with tester vs real time, but overall great product for traders

Евгений
57
Евгений 2024.12.31 22:52 
 

Визуально не плохо

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