SuperTrend Plus Indicator for MetaTrader 5 – Free Download [TradingFinder]

The SuperTrend Plus Indicator is a trend-based tool in technical analysis that, by using dynamic mechanisms to determine support and resistance levels and filtering out price noise, enables precise identification of trade entry and exit zones.

This tool operates without delay and, with its quick response to trend changes, updates its position in line with price action.

SuperTrend Plus Indicator Table

The table below presents the features of the SuperTrend Plus Indicator on the MetaTrader 5 platform.

SuperTrend Plus Indicator Overview

The SuperTrend Plus Indicator works on dynamic price range analysis and uses market volatility measured through ATR (Average True Range).

This trading tool plots a moving support and resistance channel as follows:

• Blue Line: Indicates the start or continuation of an uptrend and dynamically appears below the price candles;
• Red Line: Indicates the start or continuation of a downtrend and, in this case, appears above the candles.

Note: A color change in the lines is considered one of the most important signals for identifying a trend reversal or correction.

Indicator in Uptrend

The chart below shows the currency pair CAD/JPY on a 30-minute timeframe. When the blue line of the indicator appears below the candles, the market shifts into a bullish phase.

The formation of high-volume candles with short lower shadows near this level indicates increased buying power and highlights a zone suitable for long entries.

Indicator in Downtrend

The Dow Jones Index (DJI) on a 4-hour timeframe is shown in the chart below. In this trading tool, when the red line forms above the candles, the probability of a downtrend beginning or continuing increases.

Additionally, the presence of strong bearish candles with long upper shadows confirms selling pressure and creates a favorable zone for short entries.

SuperTrend Plus Settings

The image below shows the SuperTrend Plus settings panel:

• PERIOD: Number of candles in one time cycle
• MULTIPLIER: Boost factor for adjusting band distance
• ALERT: Enables alerts for trend changes
• EMAIL: Sends alerts via email
• NOTIFICATION: Sends push notifications
• MESSAGE TIMEOUT: Delay time between sending alerts
• MESSAGE SUBJECT: Subject line of the alert message

Conclusion

The SuperTrend Plus Indicator is one of the most useful tools for market trend analysis. By displaying dynamic support and resistance levels, it helps identify precise entry and exit zones, Uptrend, Green line below the price, Downtrend, Red line above the candles.