Market / MetaTrader 4 / Indicators /

Wave Trend Surfer MT4

32 USD

Demo downloaded: 14

Published: 28 May 2025

Current version: 1.2

Wave Trend Surfer MT4

Indicators
Tinashe Ndarimani
Tinashe Ndarimani
Zimbabwe

7545
4.7 (16)
17 products
Version: 1.2
Updated: 29 May 2025
Activations: 20

MT5 Version

OVERVIEW

This indicator integrates a refined trend-following model with dynamic price rejection detection, dynamic candle coloring, and ATR-based target projection, offering traders a complete visual system for identifying and managing trend continuation setups.

It overlays directly on the chart, automatically spots potential trend changes, confirms rejections near adaptive support/resistance, and shows calculated stop-loss and take-profit levels to support structured risk-reward decisions.

Unlike standard indicators that focus only on trend direction or entry signals, this tool blends signal filtering, volatility-adjusted positioning, and staged profit-taking for more informed trading decisions.

CONCEPTS

At its core is a custom Supertrend built using ATR-based bands smoothed through a WMA followed by an EMA, allowing it to track major trend changes while filtering out noise.

A standout feature is rejection logic: the script identifies clusters of candles that "hug" the trend line and counts consecutive bars that reject from it. This often signals upcoming moves. A user-defined threshold ensures only strong rejections are highlighted.

FEATURES

Trend Detection: Uses a smoothed Supertrend (WMA + EMA) to define trend direction, with shape markers and color-coded bars to visualize shifts.
Rejection Signals: Identifies price rejections near the trend line after a customizable number of consolidation candles; highlights with ▲/▼ icons for trend continuation setups.
Target Projection: On confirmed trends, it marks entry, ATR-based stop-loss, and three customizable take-profit levels based on volatility-adjusted multiples.
Dynamic Updates: Entry, stop-loss, and take-profit levels auto-update in real time based on current volatility.
Customization: Fully adjustable trend parameters, rejection filters, SL/TP levels, smoothing lengths, and visuals.
Alerts: Built-in alerts for trend changes, rejections, and when any take-profit level is reached.
Chart Overlay: Clean, minimal overlay that plots all levels and signals directly on the price chart. Along with dynamic candle coloring that shows the intensity of the bullish and bearish trends

USAGE

Start by adjusting the Supertrend factor and ATR period based on the asset and timeframe—higher settings capture broader trends, lower settings catch quicker moves. Set the rejection confirmation count based on how strict you want the filter—higher counts yield fewer, but more reliable, signals. When the trend shifts, the indicator updates its visuals and, if enabled, displays the full trade structure (entry, SL, TP1–TP3). Rejection markers only appear after sufficient confirmation, ideal for identifying continuation setups. All targets adapt to market volatility using ATR. Set alerts to stay informed even when away from the screen.

If you come across any issues or bugs, or perhaps have any suggestions, feel free to contact me.

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XAU Scalper MT5 MT4 Version An analytical tool for observing short-term price movements in gold pairs. The XAU Scalper Indicator provides buy and sell signals based on candle stability, RSI, and short-term momentum. It is designed to help traders identify potential entry points during brief market movements in XAU pairs. Features Candle Stability Index: Measures the proportion between candle body and wicks to assess price action reliability. RSI Index: Tracks relative strength to indicate

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XAU Scalper MT4 MT5 Version An analytical tool for observing short-term price movements in gold pairs. The XAU Scalper Indicator provides buy and sell signals based on candle stability, RSI, and short-term momentum. It is designed to help traders identify potential entry points during brief market movements in XAU pairs. Features Candle Stability Index: Measures the proportion between candle body and wicks to assess price action reliability. RSI Index: Tracks relative strength to indicate pote

FREE

SMC Breakout Channels Anticipate market breakouts with precision. SMC Breakout Channels automatically detect accumulation and distribution ranges where professional traders (“smart money”) are most active. By combining volatility-based range detection with real-time volume analysis, this tool highlights the key breakout zones that often precede strong directional moves. Advantages Clarity: No clutter, just clean breakout boxes with clear bullish/bearish bias. Early Signals: Detect hidden ac

FREE

Ultra Charts - Advanced Custom Chart Types for MT5 Get Manual Here! Get The Free Ultra Charts Trader Here! Ultra Charts is a comprehensive charting solution that brings professional-grade alternative chart types to MetaTrader 5. This Expert Advisor provides traders with multiple custom chart formats beyond standard time-based candlesticks, enabling enhanced technical analysis and pattern recognition. Chart Types Included The product includes six distinct chart types, each designed to filter mark

FREE

MT5 Bar Replay Pro Download demo version. These are the two basic steps to use this EA: How To Use Load the EA on your desired symbol Constructor input first. Load the EA on the newly created custom symbol, with the Controller input . Overview MT5 Bar Replay Pro is MetaTrader 5’s answer to TradingView’s Bar Replay feature. It comes fully equipped with all 21 MT5 timeframes, allowing you to go back as far as your broker’s data permits. It includes a built-in risk management tool to ensure pro

49.99 USD

Interactive Trader - Advanced Visual Trading Panel for MT5 Get Ultra Charts Here! Interactive Trader is a comprehensive visual trading solution that enables traders to execute and manage trades directly from the chart using an intuitive graphical interface. This Expert Advisor combines one-click trading with advanced order management capabilities, making professional trading tools accessible through simple mouse and keyboard controls. Core Features Visual Trading Interface - Clean, customizable

FREE

MT4 version Overview The Lowess Channel indicator is a smoothed trend-following tool designed to help traders identify the direction of the trend , detect flat or ranging markets , and spot breakouts from consolidation zones. It creates a central smoothed line with upper and lower channel boundaries, adapting to market noise while maintaining clarity. How It Works The indicator builds a channel around a smoothed price line. The central line reflects the current trend. The upper and lower bounda

FREE

Overview Inspired by Tradingview’s falconCoin, The Market Cipher indicator is a momentum oscillator used to detect overbought/oversold conditions and potential trend reversals. Traders can also use it to spot divergences between price action and momentum for early entry or exit signals. Configuration Guide Core Indicator Settings The indicator calculates momentum using a short-term and a longer-term average. Momentum is plotted as a wave oscillating between overbought and oversold thresholds. Ov

FREE

MT4 Version OVERVIEW This indicator integrates a refined trend-following model with dynamic price rejection detection, dynamic candle coloring, and ATR-based target projection, offering traders a complete visual system for identifying and managing trend continuation setups. It overlays directly on the chart, automatically spots potential trend changes, confirms rejections near adaptive support/resistance, and shows calculated stop-loss and take-profit levels to support structured risk-reward d

32 USD

This EA generates custom Line Break charts on a separate symbol using the following input settings: 1. LineBreak input int LineBreak = 3; Use: Defines the number of lines required for a reversal (e.g., 3-line break chart). Set to 1: For 1-line break charts (more responsive). Higher values: Create smoother, trend-following charts. 2. StartDate input datetime StartDate = D'2025.03.01';s Use: Specifies the date from which historical data should be loaded and processed. 3. LineBreakTime input bool L

FREE

MT5 version Overview The Lowess Channel indicator is a smoothed trend-following tool designed to help traders identify the direction of the trend , detect flat or ranging markets , and spot breakouts from consolidation zones. It creates a central smoothed line with upper and lower channel boundaries, adapting to market noise while maintaining clarity. How It Works The indicator builds a channel around a smoothed price line. The central line reflects the current trend. The upper and lower bound

FREE

This EA generates custom Heiken Ashi bars (Standard or Smoothed) on a separate symbol. Below is a guide for using the EA effectively with each input setting: 1. HeikenAshiType input ENUM_HEIKEN_ASHI HeikenAshiType = HEIKEN_STANDARD; Options: HEIKEN_STANDARD or HEIKEN_SMOOTHED Use: Choose the type of Heiken Ashi to generate: HEIKEN_STANDARD for traditional Heiken Ashi bars. HEIKEN_SMOOTHED for smoothed versions using MA filters. 2. SmoothingPeriod input int SmoothingPeriod = 7; Use: Applies only

FREE

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Wave Trend Surfer MT4

Tinashe Ndarimani

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