Supertrend Targets Signal MT4

5

Supertrend Targets Signal is a powerful trend-following and breakout confirmation indicator designed to help traders identify high-probability entry points, visualize dynamic target zones, and receive clean, reliable signals across various market conditions.

The core trend logic is built on a custom Supertrend that uses an ATR-based band structure with long smoothing chains—first through a WMA, then an EMA—allowing the trend line to respond to major shifts while ignoring noise. A key addition is the use of rejection logic: the script looks for consolidation candles that "hug" the smoothed trend line and counts how many consecutive bars reject from it. This behavior often precedes significant moves. A user-defined threshold filters out weak tests and highlights only meaningful rejections.

How It Works

  • When price breaks above or below the Supertrend level, and the trend filter confirms, a Buy or Sell Signal is generated.

  • Target zones (TP1, TP2, TP3) are drawn automatically based on ATR and recent price structure.

  • A Stop Loss suggestion is plotted to help you define a safe exit in case the trade fails.


Key Features

Trend Detection

Automatically identifies trend direction using a smoothed Supertrend (WMA + EMA), with shape markers on trend shifts and color-coded bars for clarity.

Rejection Signals

Detects price rejections at the trend line after a user-defined number of consolidation bars; plots icons to highlight strong continuation setups.

Target Projection

On trend confirmation, plots entry, stop-loss (ATR-based), and three dynamic take-profit levels based on customizable

Dynamic Updates

All levels (entry, SL, TP1–TP3) auto-adjust based on volatility and are labeled in real time on the chart.

Customization

Users can tweak trend parameters, rejection confirmation count, SL/TP ratios, smoothing lengths, and appearance settings.


Use Cases:

  • Entry & exit guidance for trend trading

  • Support for breakout confirmation

  • Smart SL/TP planning with visual targets

  • Avoiding overtrading in weak markets

    User Inputs:

    • Trend setting: Defines the number of bars used to identify Supertrend, WMA, EMA.
    • Targets: Visually display order targets including stoploss, entry and takeprofit.
    • Colors for Uptrend and Downtrend: Allows customization of color zones for uptrends and downtrends to match individual chart preferences.
    • Alert/Notification: Allows send alert or notification to mobile
    • Integration EA: Provide EA parameters as global variables

    Prefix_ENTRY_PRICE: (double) Entry price

    Prefix_ENTRY_TIME: (double) Entry time

    Prefix_TRADE_DIRECTION: (1) = BUY; (-1) = SELL

    Prefix_SL_PRICE: (double) Stoploss price

    Prefix_TP1_PRICE: (double) Takeprofit 1 price

    Prefix_TP2_PRICE: (double) Takeprofit 2 price

    Prefix_TP3_PRICE: (double) Takeprofit 3 price


    Whether you're a beginner looking for clearer entries or an experienced trader wanting visual SL/TP targets with minimal noise, Supertrend Targets Signal can become your go-to trading companion.


    Reviews 1
    Mindpro
    63
    Mindpro 2025.06.13 19:07 
     

    nice work

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    Mindpro
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    Mindpro 2025.06.13 19:07 
     

    nice work

    Cao Minh Quang
    103181
    Reply from developer Cao Minh Quang 2025.06.13 22:09
    Thank bro!
    Reply to review