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Supertrend Fakeout MT4

FREE

Published: 10 December 2024

Current version: 1.0

Supertrend Fakeout MT4

Name: Supertrend Fakeout MT4
Rating: 4.3333335 (6 reviews)
Author: Duc Hoan Nguyen

4.33

Indicators
Duc Hoan Nguyen
Duc Hoan Nguyen
Viet Nam

72457
4.8 (217)
- 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

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 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 MT5 version at: Supertrend Fakeout MT5

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...

155

Pandora303 2026.07.06 09:38 #

Super

487

Sekav Ikyernum 2025.06.02 11:52 #

It shows you the important areas of trade-action.

orlan2b 2025.02.05 16:52 #

¡ Excelente indicador lo recomiendo 100%, Solo es cuestion de ajustarlo a los parametros mas indicados para las Operativas y da buenos resultados !!!

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Get this indicator and more for free here: Convert indicator into a trading robot (no coding required) Special offer : ALL TOOLS , just $35 each for a limited time ! New tools will be $30 for the first week or the first 3 purchases ! Trading Tools Channel on MQL5: Join my MQL5 channel to receive the latest updates Multi-Timeframe & Multi-Symbol Guide: Multi-Timeframe & Scanner User Guide - Available in 12 Languages See the MT5 version at: Volumatic VIDyA MT5 Multi-Timeframe Sc

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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 Volumetric Order Blocks Multi Timeframe indicator is a powerful tool designed for traders who seek deeper insights into market behavior by identifying key price areas where significant market participants accumulate orders. These areas, known as Volumetric Order Blocks, can serve as

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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 Volumetric Order Blocks Multi Timeframe indicator is a powerful tool designed for traders who seek deeper insights into market behavior by identifying key price areas where significant market participants accumulate orders. These areas, known as Volumetric Order Blocks, can serve as

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Custom Indicator Buffer Analyzer helps identify the buffer indexes and comparison values used by a Custom Indicator in MetaTrader 5. It is useful when you want to use an external indicator as a signal source for an EA but do not know: Which buffer contains the Buy signal. Which buffer contains the Sell signal. Which value should be used to determine whether a signal exists. Whether the indicator uses EMPTY_VALUE, 0, or another value for the no-signal state. 1. Prepare the Custom Indicator Instal

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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 Mastering candlestick patterns is essential for any trader looking to make well-informed decisions in the market. Introducing All Candlestick Patterns – a comprehensive tool designed to elevate your technical analysis and provide powerful insights into market trends and potential reversa

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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 with Scanner , a revolutionary trading tool for MetaTrader 4(MT4). This indicator redefines market analysis by combining K-means clustering with the widely popular SuperTrend indicator, giving traders an edge in navigating trends

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Filter:

155

Pandora303 2026.07.06 09:38 #

Super

hiroko ogino 2026.05.05 13:45 #

GOOD

144

515214 2025.06.06 08:07 #

sehr hilfreich bin sehr zufrieden! hätte aber noch gerne etwas mehr Details zu den Einstellungen um die Trends noch sicherer zu machen. Vielen Dank an den Entwickler

487

Sekav Ikyernum 2025.06.02 11:52 #

It shows you the important areas of trade-action.

1202

Hendrikus Pelgrim 2025.03.25 12:09 #

good

orlan2b 2025.02.05 16:52 #

¡ Excelente indicador lo recomiendo 100%, Solo es cuestion de ajustarlo a los parametros mas indicados para las Operativas y da buenos resultados !!!

72457

Reply from developer Duc Hoan Nguyen 2025.02.10 09:35 #

Obrigado pela sua avaliação!
Fico feliz em saber que o indicador foi útil para você.
Desejamos a você negociações bem-sucedidas!