SUPERTREND INDICATOR V4 MT5

SUPERTREND INDICATOR V4 MT5 – The Ultimate Trend-Following Tool

If you’ve been trading forex or any financial instrument for a while, you’ve probably heard traders rave about the Supertrend Indicator. It’s one of those simple yet powerful tools that can completely change the way you look at charts. The SUPERTREND INDICATOR V4 MT5 is the upgraded version built for MetaTrader 5 users, offering improved calculation methods, customizable alerts, and reliable trend detection.

Traders who often struggle with false entries or late exits can benefit from this indicator because it simplifies decisions. Instead of drowning in multiple oscillators, moving averages, and confusing signals, the Supertrend V4 provides a straightforward buy/sell visualization based on trend strength and volatility. And the best part? You can start using it with just a $200 minimum deposit in your MT5 account.

In this article, we’ll break down everything you need to know — how it works, the best currency pairs and timeframes, features, benefits, and why it continues to be a go-to tool for professional and beginner traders alike.

Overview of SUPERTREND INDICATOR V4 MT5

The Supertrend Indicator is built on Average True Range (ATR) and moving averages. ATR helps measure volatility, while the moving average tracks direction. Combined, these elements create a dynamic support/resistance line on your chart.

When the price moves above the line, the indicator suggests a buy trend, and when it drops below, it signals a sell trend. The V4 upgrade makes these signals more accurate and customizable.

Currency Pairs: The SUPERTREND INDICATOR V4 MT5 works on all major and minor forex pairs (EURUSD, GBPUSD, USDJPY, AUDUSD, etc.), as well as commodities like gold (XAUUSD) and indices.

Timeframes: Best suited for H1 (1-hour) and H4 (4-hour) charts for swing trading, but it can also work well on M15 (15-minute) for scalping strategies.

Minimum Deposit: $200 is recommended to start trading effectively with this indicator, especially when combined with proper risk management.

Essentially, this version allows traders to adapt the settings to different trading styles — whether you’re scalping fast moves or holding swing trades over days.

Key Features of SUPERTREND INDICATOR V4 MT5

Here are the main features that make this version stand out:

Accurate Trend Detection – Uses ATR to adjust signals based on market volatility.

Multi-Timeframe Compatibility – Works smoothly on M15, H1, and H4 for both scalping and swing trades.

Clear Buy/Sell Signals – Provides visual arrows or colored trend lines to reduce confusion.

Customizable Settings – Traders can tweak ATR periods, multiplier values, and alert styles.

Non-Repainting – Once a signal is given, it does not repaint, making it reliable for backtesting.

Works on Any Asset – From forex pairs to commodities, indices, and even crypto on MT5.

Risk Management Friendly – The indicator helps identify stop-loss levels based on volatility.

Alert System – Popup, email, and push notifications so you never miss a trade.

Lightweight on CPU – Unlike some heavy indicators, it won’t slow down your MT5 terminal.

Easy to Use – Beginner-friendly setup, no advanced coding or math required.

How SUPERTREND V4 Improves Your Trading

One of the biggest challenges in trading is filtering out noise. Many traders overcomplicate their charts with 5–10 indicators, only to end up confused. With Supertrend V4, you get a clean interface and confidence in your decisions.

For instance, if EURUSD is trending upwards, the indicator will clearly display a green trend line along with a buy signal. If the price starts to lose momentum and shifts direction, the line turns red, warning you to switch to selling opportunities.

This simplicity is what makes it loved by both novice traders and seasoned professionals. It reduces emotional decision-making and keeps you aligned with the bigger picture of the market.

Best Practices for Using SUPERTREND INDICATOR V4

Here are some trading tips to maximize results with this tool:

Use it in combination with another filter like RSI or MACD to confirm entries.

Stick to H1 or H4 charts if you want fewer but stronger signals.

Place stop-loss orders beyond the indicator’s line to protect against volatility spikes.

For scalping, try M15 with tighter risk management.

Always backtest your chosen settings before applying them to a live account.

Example Backtest & Performance

When backtested on EURUSD (H1 timeframe) using a $200 deposit:

Win Rate: ~65% on trend trades.

Risk/Reward Ratio: 1:2 average setup.

Drawdown: Kept under 10% with proper stop-loss placement.

Profit Factor: Around 1.8, which indicates profitable performance over a long period.

While past results don’t guarantee future profits, the indicator has shown consistent reliability in identifying major moves.

How to Install & Configure SUPERTREND INDICATOR V4 MT5

Download the SUPERTREND INDICATOR V4 MT5 file from a trusted source.

Open MT5 → Go to File → Open Data Folder.

Navigate to MQL5 → Indicators and copy the file inside.

Restart your MT5 platform.

Attach the indicator to your chosen chart (e.g., EURUSD H1).

Adjust settings: ATR period (default 10), Multiplier (default 3), Colors (green/red).

Set up alerts if you want notifications for buy/sell signals.

Once installed, you’ll have a clean, easy-to-read chart showing market direction.

Why Traders Choose Supertrend V4

Saves time by eliminating guesswork.

Works across forex, gold, indices, and even crypto.

Can be combined with your existing strategy.

Helps beginners understand trend direction without overcomplication.

If you’ve ever been caught trading against the market, this indicator is like a compass keeping you on track.

Disclaimer

Like any trading tool, the SUPERTREND INDICATOR V4 MT5 should not be used blindly. Always practice risk management, use a demo account first, and remember that forex trading involves risk. Past performance doesn’t guarantee future results.

Conclusion

The SUPERTREND INDICATOR V4 MT5 is an excellent tool for traders who want clarity, simplicity, and consistency in their trading. With its reliable trend detection, non-repainting signals, and multi-timeframe compatibility, it helps you cut through the noise and focus on profitable opportunities.