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Supertrend Fakeout MT5

FREE

Published: 10 December 2024

Current version: 1.0

Supertrend Fakeout MT5

Indicators
Duc Hoan Nguyen
Duc Hoan Nguyen
Viet Nam

72722
4.8 (218)
- https://t.me/dh99trading
I develop practical trading tools for MetaTrader 4/5, with a focus on indicator integration, Multi-Timeframe analysis, market scanning, and automated trading solutions.
My work mainly includes:
• Indicator-to-EA Solutions

96 products 1 topic 2 comments
Version: 1.0

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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:

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.
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

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.
Enhance Trading Efficiency:
With more reliable trend signals, you can optimize your trading strategies and maximize profits.
High Customization:
Flexible parameters allow traders to adapt the indicator to their unique trading styles.

more...

104

Svorl 2026.02.12 12:10 #

Достойный!

4195

Benjamin Afedzie 2025.06.10 19:28 #

great product

3635

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

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Filter:

104

Svorl 2026.02.12 12:10 #

Достойный!

1004

Ivan Privalov 2026.02.02 17:57 #

User didn't leave any comment to the rating

138

Mousetrap 2025.07.09 07:14 #

User didn't leave any comment to the rating

2222

Lydia Kwarteng 2025.06.12 07:48 #

User didn't leave any comment to the rating

4195

Benjamin Afedzie 2025.06.10 19:28 #

great product

DropStacker 2025.04.17 16:34 #

User didn't leave any comment to the rating

3635

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

2048

Evgenii Savinov 2024.12.31 22:52 #

Визуально не плохо

Supertrend Fakeout MT5

Duc Hoan Nguyen