SuperTrend Catcher
- Indicators
- Version: 1.90
- Activations: 5
Supertrend Catcher (MT5 Indicator)
A clean, visual “smart structure” indicator that helps you spot momentum shifts fast.
It draws recent Order Blocks (OB) with Break of Structure (BOS), a dynamic baseline (support/resistance), entry/SL/TP suggestions, and a compact info panel. It now includes real-time alerts (terminal/push/sound) when a fresh signal appears.
Why traders like it
- Clear structure at a glance: BOS lines + filled OB zones show where price imbalanced and where it may return.
- Actionable cues: Suggested Entry / Stop / Target are computed automatically (non-repainting lines once printed on a closed bar).
- Minimal noise: Uses ATR impulse and optional FVG filter to avoid weak “breaks”.
- Always a baseline: If no valid OB is present, it falls back to the latest swing pivot so you still have a reference level.
- Lightweight panel, top-left: Key context (symbol/TF, trend, suggested levels, ATR, spread).
- Alerts built-in: Terminal pop-up, optional push notification, and sound when a new signal is created.
This is an indicator (not an EA). It suggests levels and alerts — trade execution/management is up to you.
What it draws
- OB Zones (green/red boxes) with BOS dotted lines.
- Baseline from the chosen source (OB or swing pivot), drawn as a horizontal line or a right-ray trend.
- Arrows at BOS and base candle (optional).
- Suggested Entry/SL/TP lines with price labels.
How signals are formed
- Detect recent swing structure and confirm BOS (close-based or wick-based).
- Optionally require an FVG near the break and/or a minimum impulse vs ATR.
- Build the baseline from the OB (preferred) or the swing fallback.
- Propose Entry (top/mid/bottom of the OB, or pivot), SL via ATR offset, and TP via user-defined R:R.
- Alert fires once a new signal is created (throttled by your MinBarsBetweenSignals).
Inputs (most useful)
Signal & Filters
- SignalTF – timeframe to analyze (default: chart TF).
- SwingLen – fractal length for swing detection.
- BOS_CloseOnly – require a close beyond the swing.
- RequireFVG / MinFVG_Points – gap filter.
- MinImpulse_ATR – minimum break impulse relative to ATR.
- ATR_Period – averaging for ATR filter.
Visuals
- DrawVisuals – master switch.
- ExtendBarsRight – how far to extend OB zones.
- ShowBaseLine / BaseAsHLine / BaseLineWidth / colors.
- ShowTrendStartArrow, ShowBaseCandleArrow, ArrowSize.
- SuggestSignals – draw Entry/SL/TP lines & labels.
- EntryMethod – Top / Mid / Bottom of OB (or pivot).
- SL_ATR_Mult, TP_RR – risk model.
Panel (top-left by default)
- ShowPanel, PanelCorner, PanelX/Y, PanelWidth/Height.
- PanelBg + alpha, border & text colors, font size.
Alerts
- EnableAlerts – terminal pop-up.
- EnablePush – mobile push (enable in Terminal → Tools → Options → Notifications).
- AlertSound – sound file to play.
- MinBarsBetweenSignals – throttle to avoid choppy spam.
Diagnostics
- Debug, VerboseSkips, DebugDrawSwings.
Tips & workflow
- Multi-TF confluence: Attach one instance on the current TF and another with SignalTF=H1/H4 to align lower-TF entries with higher-TF structure.
- Execution plan: Use suggested Entry/SL/TP as a template. Adjust to your broker spread/commission and volatility.
- Cleaner charts: Turn off swing dots (DebugDrawSwings=false) once you’re comfortable.
- Performance: Keep LookbackBars reasonable (e.g., 600–1200) for speed.
Alerts you’ll see
Example:
STC EURUSD PERIOD_M15 | BUY Entry=1.07425 SL=1.07285 TP=1.07650
- Shows symbol/TF, side, suggested entry, SL, and TP (if enabled).
What’s new (v1.90)
- Panel default position moved to upper-left (fully adjustable).
- Streamlined UI: Removed win-rate and last-20 TP/SL counters for a cleaner, distraction-free panel.
- Added Alerts: Pop-up, push (optional), and sound on new signals.
- Stability: Clean compile; refined drawing and throttling logic.
Compatibility
- Platform: MetaTrader 5 (Indicator).
- Symbols/Markets: FX, Indices, Commodities, Crypto, Stocks (any symbol with OHLC).
- Timeframes: All.
FAQ
Q: Does it repaint?
A: The indicator bases signals on closed bars (for BOS and OB detection). Once printed, OB/BOS/baseline and suggested lines won’t jump around. New information can add newer OBs as the market evolves.
Q: I don’t get push notifications.
A: In MT5, open Tools → Options → Notifications, tick Enable Push Notifications, enter your MetaQuotes ID, and ensure EnablePush=true in the inputs.
Q: Too many alerts in chop.
A: Increase MinBarsBetweenSignals, raise MinImpulse_ATR, or require RequireFVG=true.
Q: Panel overlaps my chart buttons.
A: Change PanelCorner and tweak PanelX/Y and PanelWidth/Height.
Disclaimer
Trading involves risk. Supertrend Catcher is decision support, not a promise of profit. Always test on a demo account and use position sizing and risk controls appropriate to your strategy.
