SuperTrend Plus Indicator for MetaTrader 5 – Free [TFlab]

The SuperTrend Plus Indicator is a trend-based technical tool that identifies precise entry and exit points by combining dynamic support and resistance levels with effective noise filtering.
Because it reacts instantly to market movements, the indicator updates its position in real time, without delay, as soon as a trend change occurs.

You can download it from this link:
https://cdn.tradingfinder.com/file/5...5-by-tflab.zip

You can also access the MetaTrader 4 version of this Indicator through this page:
https://www.metalsmine.com/thread/13...atrader-4-free

For instructions on how to install:
https://www.forexfactory.com/thread/...-in-metatrader





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SuperTrend Plus Indicator Table

The table below outlines the key features of the SuperTrend Plus Indicator for MetaTrader 5:

Indicator Categories

1. Currency Strength MT5 Indicators
2. Trading Assist MT5 Indicators
3. Momentum MT5 Indicators

Platform

1. MetaTrader 5

Skill Level

1. Elementary

Indicator Type

1. Reversal Indicator

Timeframes

1. Multi-Timeframe MT5 Indicators

Trading Style

1. Intraday Trading

Supported Markets

1. Forex
2. Crypto
3. Stocks

SuperTrend Plus Indicator Overview
The indicator uses dynamic price range calculations supported by the ATR (Average True Range) to measure volatility.
It draws a shifting channel that acts as moving support and resistance:

1. Blue Line: Shows the beginning or continuation of an uptrend and forms below the candles.
2. Red Line: Shows the beginning or continuation of a downtrend and forms above the candles.

Key Point: Any color change is a strong signal indicating a possible trend reversal or market correction.
Uptrend Signal
On the CAD/JPY 30-minute chart, an uptrend is confirmed when the blue line appears beneath the candles.
Strong bullish candles with short lower shadows around this zone signal buying strength and mark an ideal long-entry area.

Downtrend Signal
In the 4-hour Dow Jones Index (DJI) chart, the red line forming above the candles suggests the start or continuation of a downtrend.
Large bearish candles with long upper wicks indicate strong selling pressure and identify a solid short-entry zone.
SuperTrend Plus Settings
The main settings available in MetaTrader 5 include:

1. PERIOD: Number of candles used for calculation
2. MULTIPLIER: Adjusts the width of the indicator bands
3. ALERT: Enables trend-change alerts
4. EMAIL: Sends alert notifications via email
5. NOTIFICATION: Push notifications
6. MESSAGE TIMEOUT: Time interval between alerts
7. MESSAGE SUBJECT: Custom alert message title

Conclusion
The SuperTrend Plus Indicator is a highly effective trend-analysis tool that provides clear dynamic support and resistance zones, helping traders pinpoint accurate entry and exit points.

1. Uptrend: Blue/green line below price
2. Downtrend: Red line above price

Its fast responsiveness and strong visual signals make it suitable for Forex, crypto, and stock traders on the MT5 platform.