Beast Super Signal Indicator: An ATR Baseline That Flips

Written by Dominic Walsh · Published · Last updated

The beast super signal indicator draws a line that only moves one way. An ATR band trails price and ratchets in the direction of the move. It never gives ground until price closes through it, and that bar is the signal.

This build ships as a compiled .ex4 for MT4 and .ex5 for MT5; the screenshots below come from EURUSD H1.

Platforms MT4 (.ex4) + MT5 (.ex5)
Chart window Main price chart
Plots 4: Baseline Up, Baseline Down, Beast Buy, Beast Sell
Alerts popup, push notification, email, sound
Inputs 12

Drawn output, plot by plot

`Baseline Up` runs lime while the line sits under price.

`Baseline Down` runs orange red while it caps price from above.

`Beast Buy` uses arrow 233 and `Beast Sell` uses 234 on the flip bar.

A corner panel and text labels report the current state.

  • Baseline Up: line, lime, width 2
  • Baseline Down: line, orange red, width 2
  • Beast Buy: arrow, lime, width 3, arrow code 233
  • Beast Sell: arrow, red, width 3, arrow code 234
Beast super signal indicator ATR baseline and flip arrows on the EURUSD H1 chart.
Beast super signal indicator ATR baseline and flip arrows on the EURUSD H1 chart.

How each value gets built

The band comes from range

iATR at `InpAtrPeriod` `10` measures recent range. `InpMult` `3.0` sets how far each band sits from the midpoint of the bar. So the band widens when the market speeds up.

The ratchet

While direction reads up, the baseline keeps the higher of the new band and the previous one. It therefore holds or rises, never falls. The bearish side mirrors that. Pullbacks that do not break it change nothing.

The flip is the signal

A close through the baseline reverses direction and fills an arrow. That test reads completed bars only, so a printed mark stays where it printed.

How to watch it

Baseline colour is the trend state, and it changes only on a flip.

Distance from price to the line shows how much room the move has.

`InpMult` `3.0` is wide, so flips are rare and each one covers ground.

Marks sit `InpArrowOffset` `48` points clear of the candle.

Alert channels in this build: popup, push notification, email and sound, one message per closed bar.

`EnableAlerts` is the parent switch and starts true alongside `EnablePopup`. Add the phone with `EnablePushNotify`, mail with `EnableEmail`, or a clip with `EnableSound` and `SoundFile`. Those three begin off. A flip reports on the closed bar.

Every Beast Super Signal Indicator input

Core settings

Setting What it does Default
InpAtrPeriod ATR period (baseline volatility). Bars in the range measure, default `10`. 10
InpMult ATR multiplier (baseline distance). How far the band hangs from the bar midpoint, default `3.0`. 3.0

Display settings

Setting What it does Default
InpArrowOffset Arrow offset (points). Points between a flip mark and the candle, default `48`. 48
ShowPanel Show status panel. Show the state readout, default `true`. on
PanelCorner Corner (0=UL,1=UR,2=LL,3=LR). Which corner the readout uses, default `0`. 0
PanelBg Readout background colour, default `clrBlack`. black

Alert settings

Setting What it does Default
EnableAlerts Parent switch across the routes, default `true`. on
EnablePopup Terminal box on a flip, default `true`. on
EnablePushNotify Phone message on a flip, default `false`. off
EnableEmail Mail on a flip, default `false`. off
EnableSound (see inputs panel) off
SoundFile (see inputs panel) alert.wav
Beast super signal indicator inputs panel with InpAtrPeriod, InpMult and InpArrowOffset.
Beast super signal indicator inputs panel with InpAtrPeriod, InpMult and InpArrowOffset.

Matching chart to settings

A three times range band is a wide stop. EURUSD H1 is the reference chart, where flips arrive every few days. On M5 the band still filters most noise. H4 and daily turn it into a position tool with very few marks.

When it will mislead you

A wide band means the flip lands well after the turn it reports.

In a range price crosses the baseline repeatedly, and each crossing costs.

The line ratchets, so it can sit far from price after a long run.

Copy the compiled Beast Super Signal Indicator file into your MQL4/Indicators folder, and the MT5 build into MQL5/Indicators, then restart the terminal and drag it onto a chart. The step-by-step guide with screenshots is at how to install MT4 and MT5 indicators.

Background reading on the method behind the Beast Super Signal Indicator: Market correction on Wikipedia, ICHIMOKU Cloud at Investopedia.

Download the Beast Super Signal Indicator for MT4 and MT5

The zip holds the compiled Beast Super Signal Indicator build for MT4 and MT5, plus a short README. Compiled files only, no source. Enter your email below and the download link arrives in your inbox.

Download this indicator free

Enter your email and the file is yours. You also get the full MT4 and MT5 library.

  • 1,380+ indicators
  • MT4 and MT5 files
  • No spam, unsubscribe any time

FAQ

What does InpMult 3.0 control?

How far the band sits from the midpoint of each bar, measured in range units. Three is wide, so ordinary pullbacks cannot reach it. Lowering it toward two gives earlier flips and considerably more of them.

Why does the baseline never fall in an uptrend?

Because the code keeps the higher of the new band and the previous one while direction reads up. That ratchet is what stops the line loosening during a pullback and turns it into a trailing reference.

What makes Beast Buy print?

A close through the baseline that reverses the direction state. It is the flip that matters, not the distance travelled, so one decisive close is enough while a long drift underneath is not.

Does InpAtrPeriod 10 make it fast?

It is shorter than the usual fourteen, so the band reacts sooner to a change in range. That mostly affects band width rather than flip timing, since `InpMult` is doing most of the work.

Are results guaranteed?

No. Trading involves risk. Results are not guaranteed; past performance is not indicative of future results. Use the Beast Super Signal Indicator as one input. Always backtest before trading live.

External references

Dominic Walsh - Forex trader and MT4/MT5 developer

About the author

Written by Dominic Walsh, a Forex trader and MT4/MT5 indicator, Expert Advisor and script developer. Every tool on forexmt4systems.com is tested on live charts before release and ships with ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files. Learn more about the trader and developer behind this site.

How we build, test and correct every tool: Editorial & Testing Policy. Trading carries risk; see the disclaimer.

Leave a Comment