SuperTrend Catcher

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

  1. Detect recent swing structure and confirm BOS (close-based or wick-based).
  2. Optionally require an FVG near the break and/or a minimum impulse vs ATR.
  3. Build the baseline from the OB (preferred) or the swing fallback.
  4. Propose Entry (top/mid/bottom of the OB, or pivot), SL via ATR offset, and TP via user-defined R:R.
  5. 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.

 


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Bernhard Schweigert
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