MT4 SuperTrend Indicator (Scanner)
MT4 SuperTrend Indicator identifies the prevailing trend direction using ATR-based calculations and registers bullish or bearish conditions when the trend structure shifts. The scanner-based dashboard monitors detected conditions across multiple assets and timeframes in a structured format.
Already a subscriber or have purchased a product?
What the SuperTrend Indicator (Scanner) Does
The SuperTrend Indicator evaluates whether the current trend structure is bullish or bearish — displaying this as a color-coded line and directional markers on the chart.
The technical analysis tool uses the Average True Range (ATR) indicator to calculate the current volatility of the asset. While ATR is not used to establish trends itself, it provides context for the size of price movement by measuring average price range over a defined period. Higher ATR values reflect wider average price movements — which the SuperTrend calculation uses to define the distance of the trend line from current price.
The indicator operates across all available timeframes — from M1 to MN — making it applicable within both short-term and long-term analytical approaches.
The indicator is implemented as a scanner that monitors all symbols and timeframes available in the MetaTrader 4 terminal for defined technical conditions. A built-in dashboard displays the current status of detected conditions across all monitored instruments and timeframes in a structured format. Clicking on any cell in the dashboard updates the chart to the corresponding instrument and timeframe directly — without opening a new window.
The indicator includes a configurable alert system that triggers a notification when a condition is registered or deregistered. Alerts can be delivered as sound notifications, email messages, or mobile push notifications — each configurable independently.
How to Interpret and Use the SuperTrend Indicator
Line Below Price — Green
A bullish condition is registered when the SuperTrend line moves below price and is displayed in green — confirmed by a green directional marker. The bullish condition is deregistered when the line crosses above price and changes to red.
Line Above Price — Red
A bearish condition is registered when the line moves above price and is displayed in red — confirmed by a red directional marker. The bearish condition remains active until the line crosses back below price and changes to green.
The SuperTrend indicator reflects ATR-based calculations applied to historical price data. It does not predict future price movement. Registered conditions depend on the configured period and multiplier settings and should be evaluated within a broader analytical framework.
Multi-Asset Monitoring with the Dashboard
The dashboard displays the current detection status across all monitored instruments and timeframes.
The cell of the asset / timeframe contains information about the detected directional condition (bullish or bearish) and the number of bars back at which the condition was last registered.
The color of the cell indicates the directional context (bullish — green, bearish — red) and color saturation decreases as the number of bars since the last registered condition increases.
Clicking on any cell updates the chart to the corresponding instrument and timeframe.
Indicator Settings & Parameters
The indicator has the following parameters.
| Parameter | Description |
|---|---|
| Scanner | |
| assets | Selection of assets to monitor. |
| enable_M1 – enable_MN | Include or exclude timeframes from the scanner scope. |
| max_bars | The maximum number of bars within which the scanner evaluates conditions. The parameter limits the number of calculations to speed up the indicator. |
| Alerts | |
| enable_alert | Enables or disables alerts. |
| enable_email | Allows you to send email alerts. |
| enable_mobile | Allows you to send alerts to your mobile device. |
| SuperTrend | |
| SuperTrend settings | Changing the key parameters of the indicator (period and multiplier). |
System Requirements & Installation
What you need to run the indicator, how to download and install it in MetaTrader 4, and how the license works.
System Requirements
- Platform
- MetaTrader 4 (Desktop)
- Operating system
- Windows 10 or Windows 11
- Instruments
- Forex pairs, metals, indices, CFDs and other symbols available from your broker in MetaTrader 4
- Data
- Your broker’s price feed in MetaTrader 4
Not available on MetaTrader 4 Web or Mobile. Custom indicators run in the MetaTrader 4 desktop terminal only.
License Terms
- Lifetime License
- This indicator only, 1 live and 1 demo account, one-time payment, free updates included.
- All-Access Subscription
- All indicators and trade copiers, billed monthly, cancel anytime, updates included while the subscription is active.
- Free trial
- 5 days on the subscription plan. If not cancelled, the subscription starts automatically.
- License binding
- Linked to your email and to your MetaTrader 4 trading accounts: one live account and one demo account.
- Computers
- Not restricted. The license is linked to your trading accounts, not to a specific computer.
Installation
- Get access
Start the free trial, subscribe, or buy a lifetime license on this page.
- Download
The indicator is not sent by email. Open (top right of this page) and enter the email you used for your trial, subscription or purchase. The indicator file (.ex4) downloads to your computer.
- Copy to the MetaTrader 4 data folder
In MetaTrader 4, go to
File → Open Data Folder, openMQL4 → Indicatorsand copy the downloaded .ex4 file there. - Add to a chart
Restart MetaTrader 4 or right-click Indicators in the Navigator window and select Refresh. Then drag the indicator from the Navigator onto a chart.
- Activate the license
In the indicator inputs, enter the same email. On first activation, the license is linked to that email and to the trading account the terminal is logged into.
If MetaTrader 4 asks for additional permissions when the indicator is attached, such as DLL imports or WebRequest access, allow them in the indicator’s Common tab or under
Tools → Options → Expert Advisors.
Updating: When a new version is released, download it again through and replace the existing .ex4 file in the same folder.
Installation questions? Contact support, Monday to Friday.
Related Products
"Best Seller" and "Trending" reflect Nordman Algorithms sales and usage data, January–September 2026.
Disclaimer — Software Use & Risk Disclosure
Nordman Algorithms is a trade name of Nordman Algorithms OÜ (Reg. No. 14435535), registered in Tallinn, Estonia.
Software Use
Software Nature & User Responsibility — Nordman Algorithms provides algorithmic software tools for technical analysis. Nordman Algorithms is not a financial advisor and is not liable for any losses. All trades conducted based on the software’s output are executed at the user’s sole discretion and risk.
Visual Markers & Signal Disclosure — This software may display visual markers (such as arrows, dots, or alerts) when predefined mathematical conditions are met. These markers are provided for educational and analytical purposes only, must not be interpreted as financial guidance, and do not constitute a recommendation to buy, sell, or hold any financial instrument. Users must independently validate all visual cues within their own trading methodology.
No Financial Advice — Nordman Algorithms does not provide discretionary trading signals, investment advice, or managed signal services. Our software represents a mathematical visualization of historical and real-time data. The appearance of a visual marker does not guarantee a profitable trade or predict future market behavior.
Read the full Terms of Service →Risk Disclosure
Trading Risk Warning — Futures, Forex, and options trading involve significant risk. Risk capital is money that can be lost without jeopardizing financial security. Only risk capital should be used for trading. Past performance is not indicative of future results. An investor could potentially lose all or more than the initial amount committed.
ESMA Risk Warning — Financial instruments, especially those involving leverage such as CFDs and Forex, are complex and carry a high risk of rapid financial loss. Our software provides analytical outputs and visual markers based on predefined mathematical conditions and does not mitigate or reduce inherent market risks. You should carefully consider whether you understand how leveraged financial instruments work and whether you can afford the high risk of losing your capital.
CFTC Rule 4.41 — Hypothetical or simulated performance results have inherent limitations. Unlike actual performance records, simulated results do not represent real trading. Because trades have not actually been executed, these results may under- or over-compensate for the impact of market factors such as liquidity. Simulated results are also subject to the benefit of hindsight. No representation is being made that any account will achieve profits or losses similar to those shown.
Read the full Risk Disclosure →Trademark Notice — MetaTrader 4 and MT4 are trademarks of MetaQuotes Ltd. Nordman Algorithms is an independent software developer and is not affiliated with, sponsored by, or endorsed by MetaQuotes Ltd. References to MetaTrader 4 identify software compatibility.
Need a different setup?
We can customize this indicator to your requirements: add new features, change the calculation logic, or combine several tools into a single solution. We also build Expert Advisors on your own logic, with configurable modules such as dynamic risk parameters, multi-stage trailing stops and additional confirmation filters.
Every project is delivered with full source code and post-delivery support. Fixed-price quote before development begins.
