Supertrend Indicator on MT4: Installation and Setup
If you’re a trader who uses MetaTrader 4 (MT4), adding the Supertrend indicator to your trading toolkit can help you better identify trends and trading opportunities.
In this guide, you’ll learn how to install, configure, and use the Supertrend Indicator on MT4 easily.
What is the Supertrend Indicator?
The Supertrend indicator is a trend-following tool based on price volatility and the Average True Range (ATR).
It plots a green line during an uptrend and a red line during a downtrend directly on your chart, providing clear Buy/Sell signals.
✅ Works best in trending markets
✅ Simple to interpret
✅ Great for beginners and professionals
Does MT4 Have Supertrend by Default?
No, MetaTrader 4 does not come with Supertrend by default.
You need to download and install a custom Supertrend indicator manually.
How to Install Supertrend Indicator on MT4 (Step-by-Step)
Follow these simple steps:
Step 1: Download the Supertrend Indicator File
- Download the Supertrend Indicator for MT4 from a trusted website.
- It usually comes as a
.mq4or.ex4file.
Step 2: Open MT4 Platform
- Launch your MetaTrader 4 platform.
- Go to the File menu → Select Open Data Folder.
Step 3: Copy the Indicator File
- In the Data Folder, open:
MQL4 > Indicators - Paste the Supertrend
.mq4or.ex4file inside the Indicators folder.
Step 4: Restart MT4
- Close and reopen your MT4 platform to load the new indicator.
Step 5: Attach Supertrend to a Chart
- Go to Navigator panel (left sidebar).
- Expand the Indicators folder.
- Find Supertrend, right-click, and Attach to Chart.
✅ Now you should see the Supertrend line displayed on your MT4 charts!
How to Configure Supertrend Settings on MT4
When you load Supertrend onto your chart, you can customize its parameters:
| Setting | Purpose |
|---|---|
| ATR Period | Number of candles used to calculate volatility |
| Multiplier | Sensitivity of the Supertrend line |
| Line Style | Choose color, thickness, and style of the lines |
Recommended Settings for Beginners:
- ATR Period = 10
- Multiplier = 3
You can adjust settings based on your trading strategy, timeframe, and market conditions.
Why Use Supertrend on MT4?
- Trend Confirmation: Helps avoid false breakout trades.
- Simple Visual Cues: Green and Red colors indicate market bias.
- Flexible Use: Works on any timeframe — 1-min to daily charts.
- Stop-Loss Placement: Use the Supertrend line for dynamic stop-loss points.
Tips for Trading with Supertrend on MT4
- Combine Supertrend with RSI or MACD for better confirmation.
- Avoid relying solely on Supertrend during sideways markets.
- In strong trends, trail your stop-loss along the Supertrend line to lock profits.
Troubleshooting Common Issues
| Problem | Solution |
|---|---|
| Supertrend not showing | Make sure you pasted the file in the correct folder and restarted MT4. |
| Error loading indicator | Try compiling the .mq4 file using MT4 MetaEditor. |
| No signals appearing | Adjust ATR period and multiplier for your market. |
✅ Conclusion
Adding the Supertrend Indicator to MT4 is simple and can enhance your trading accuracy.
It gives you a visual, trend-following edge — especially in volatile US stocks or forex markets.
Follow the installation steps carefully, customize the settings, and you’ll be ready to ride the trends with confidence!
✅ FAQs About Supertrend Indicator on MT4
1. Can I use Supertrend on any asset in MT4?
Yes! It works for stocks, forex, commodities, and crypto charts available in MT4.
2. Is Supertrend available for free for MT4?
Yes, there are many free versions available online. Just ensure you download from a trusted source.
3. What are the best settings for Supertrend on MT4?
A good starting point is ATR Period 10 and Multiplier 3, but you can tweak it based on your trading style.
4. Does Supertrend repaint on MT4?
No, once a candle closes, the Supertrend line does not repaint.
5. Can I use Supertrend for scalping?
Yes. Many scalpers use Supertrend on 5-min and 15-min charts.
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