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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
1633
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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Black Dragon indicator mt5
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5 (6)
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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 SuperTrend by Kivanc Ozbilgic with Scanner  – a versatile and powerful tool designed to help you stay ahead of market trends, complete with customizable features and real-time alerts.  You can adjust the ATR calculation method between RMA (Relative Moving Average) and SMA
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DropStacker
55
DropStacker 2025.04.17 16:34 
 

nice tool

James Erasmus
1633
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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