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Supertrend MTF Alert

The SuperTrend MTF Alert Indicator for MT5 is the best Forex indicator that identifies bullish and bearish trends. It is also a popular choice among traders because it is free and provides reliable signals.

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Description

The SuperTrend MTF Alert indicator for MT5 is a trend-following tool that detects reversal zones and identifies the trend direction. It is a multiple-time frame trend analyzer built with a signal alert system to notify users of the market direction.

The indicator identifies the short and medium-term direction in the market, enabling traders to make informed decisions. The SuperTrend MTF Alert indicator is beginner-friendly and is suitable for scalpers and day traders.

Features of the SuperTrend MTF Alert Indicator for MT5

The indicator is a beginner-friendly tool that analyzes the financial market across multiple time frames using the Average True Range (ATR). It plots a dynamic line directly on the chart, which changes between sea green and orange-red color. The sea green color depicts an uptrend (potential buying opportunity), while orange-red suggests a downtrend (potential selling opportunity).

Furthermore, the indicator has an email and push signal notification system that notifies traders of potential trade setups in the market. The alert system assists traders to keep a tab on the market even while away from the chart.

Finally, the indicator allows users to customize the inbuilt parameters to their trading styles and preferences.

Benefits of Using the Indicator

  • Enhance Trend Identification: The indicator analyzes multiple time frames to determine the trend direction of the market, enhancing trend identification for Forex traders.
  • Trade confluence: Forex traders can use the indicator’s signals as confluence with price action/other technical indicators to identify buying, selling, or exit zones.

Indicator Settings Description

The indicator comes with the following customizable settings:

Time frame: Determines the time frame for analysis.

Period: Define the period of the indicator.

Price: Determines the price for analysis.

ATR/standard deviation period: Determines the standard deviation period to calculate the ATR.

Calculation method: Determines the calculation mode for trend analysis.

Alerts on: Enables/Disables the alerts system.

Alert on the current bar: Enables/Disables alerts on current candlestick.

Alerts messages: Enables/Disables alert messages.

Sound alerts: Enables/Disables the sound alert function.

Email alerts: Enables/Disables signal alerts via email.

Push notification alerts: Enables/Disables notification via push messages.

Interpolates in multi-time frame mode: Enables/Disables multi-time frame analysis.

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How to Install

How install MT4/5 indicator in the terminal?

To install an MT4/5 indicator in the terminal, follow these steps:

  1. Download the indicator file (.ex4 or .mq4/.ex5 or .mq5) to your computer.

  2. Open the MT4/5 terminal and click on “File” in the top left corner.

  3. Select “Open Data Folder” from the dropdown menu.

  4. In the window that opens, double-click on the “MQL4/5” folder.

  5. Double-click on the “Indicators” folder.

  6. Drag and drop the indicator file from your computer into the “Indicators” folder.

  7. Close the data folder window and restart the MT4/5 terminal.

  8. The indicator should now be available in the “Navigator” window on the left-hand side of the terminal. Simply double-click on the indicator to add it to a chart.

Note: If the indicator is in a .zip file, you will need to extract it first before following the above steps.

And if asks to confirm DLL?

If the indicator you are installing requires access to external Dynamic Link Libraries (DLLs), you may see a pop-up message asking you to confirm the use of DLLs.

DLLs are external libraries that contain code that can be used by other programs. In the case of MT4/5 indicators, they are often used to perform complex calculations or connect to external data sources.

If you trust the source of the indicator and want to use it, click “Yes” to confirm the use of DLLs. If you are not sure or do not trust the source, click “No” to cancel the installation.

It’s worth noting that some indicators may not work properly without access to their required DLLs. If you choose not to allow access to DLLs and the indicator does not work as expected, you may need to reinstall the indicator and confirm the use of DLLs to get it to work properly.

 

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