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

The SuperTrend Plus indicator is a trend-based technical analysis tool that filters out price noise by using dynamic mechanisms to determine support and resistance levels , allowing for the precise identification of trade entry and exit areas.

The tool operates without lag and responds quickly to trend changes, updating its positions based on price movements.

SuperTrend Plus indicator table

The following table describes the functions of the SuperTrend Plus indicator on the MetaTrader 5 platform.

SuperTrend Plus Indicator Overview

The SuperTrend Plus indicator is dedicated to dynamic price range analysis and uses market volatility measured by ATR (Average True Range).

This trading tool plots moving support and resistance channels as shown below:

• Blue Line : Indicates the beginning or continuation of an upward trend and dynamically appears below the price candle;
• Red Line : Indicates the beginning or continuation of a downtrend, in this case, occurs above the candle.

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

Indicators are in an upward trend

The chart below shows the CAD/JPY currency pair on a 30-minute time frame. When the indicator's blue line appears below the candle, the market transitions into a bullish phase.

The formation of a high volume candle with a short lower shadow around this level indicates increased buying power and highlights an area suitable for bulls to enter.

Indicators are in a downward trend

The Dow Jones Index (DJI) on the 4-hour time frame is shown in the chart below. In this trading tool , when a red line forms above a candle, the likelihood of a downtrend starting or continuing increases.

Additionally, the presence of a strong bearish candle with a long upper shadow confirms selling pressure and creates a favorable area for bears to enter.

SuperTrend Plus Settings

The image below shows the SuperTrend Plus settings panel:

• PERIOD : Number of candles in a time period
• MULTIPLIER : Adjust the enhancement coefficient of the band distance
• ALERT : Enable trend change alerts
• EMAIL : Send alerts via email
• NOTIFICATION : Send push notification
• MESSAGE TIMEOUT : Delay time between sending alerts
• MESSAGE SUBJECT : The subject line of the alert message

Conclusion

The SuperTrend Plus indicator is one of the most useful tools for market trend analysis. By showing dynamic support and resistance levels, it helps identify precise entry and exit zones, uptrends, green lines below the price, downtrends, red lines above the candles.