SuperTrend Polyfactor Oscillator Indicator MT4 + MT5

The SuperTrend Polyfactor Oscillator Indicator is a momentum oscillator for MT4 and MT5. It plots in a separate window below price. It tracks the speed and fade of the current move. So you can spot overbought and oversold turns early. It flags them before the candles do. Built-in alerts fire on each new threshold cross.

For more like this, browse the more oscillators indicators for forex or jump to the full free MT4 and MT5 indicators.

What the Supertrend Polyfactor Oscillator Indicator does on the chart

The math inside stays close to well-known formulas. That keeps the tool easy to read. It is simple to debug. You can match it against any other chart platform.

The oscillator reads price, volume, and recent bar shape. Then it plots the result on the chart. You can read it at a glance. It runs on MT4 and MT5. You drag it onto any chart in one step.

Key features and settings

• Plots smoothed momentum on a separate sub-window
• Configurable period for tighter or looser response
• Optional alert toggle on threshold crossings
• Built-in line for overbought and oversold reference
• Full alert system: popup, push notification to mobile MetaTrader, email, and sound — all four channels can be toggled on its own from the inputs panel. Alerts fire once per closed bar so you never get spammed mid-tick.
• Built for MT4 and MT5; works on every timeframe the platform supports.
• Lightweight code that does not slow down the chart.

Setting	Description	Recommended default
Period	Lookback length used to compute the oscillator value	14
Levels	Reference levels for overbought / oversold zones	70 / 30
Alerts	Toggle pop-up, sound, push, and email alerts	Off
Color theme	Switch between dark and light chart palettes	Dark
Show on chart	Toggle the on-chart visual without removing the indicator	On

How to read signals from the Supertrend Polyfactor Oscillator Indicator

The oscillator flags shifts in momentum. It looks for price that stretches far from a recent average. A typical workflow looks like this.

Entry idea (long). Wait for the line to dip below the lower level, then turn back up. Price should hold a higher swing low. Wait for the bar to close. Intra-bar values can shift.

Entry idea (short). Wait for the line to push above the upper level, then turn back down. Price should print a lower swing high. The same close rule applies.

Exit idea. Trail the stop along the line for trends. A fixed R target works for range setups. Some traders trail with structure. Others trail with the line itself.

These are ideas, not rules. Backtest on your market and timeframe before you risk real money.

Tuning the SuperTrend Polyfactor Oscillator Indicator inputs

Start with the defaults. Then tune for your market. AtrPeriod (default 10) sets the smoothing length. Raise it for slower signals. Lower it for faster ones. Multiplier (default 3.0) scales the band width. Higher values give fewer signals. RsiPeriod (default 14) sets a second smoothing length. Raise it to slow signals down. Lower it to speed them up. Every alert channel toggles on its own. Pop-up, sound, email, and mobile push all sit in the same inputs panel. Alerts fire once per closed bar.

Recommended timeframes and instruments

The tool works best where volatility is real but not wild.

• M15 to H4 for the best balance of signal and noise.
• Daily for context, widening filters around scheduled news.

Volatility grows around news. So gold (XAUUSD) and indices like US30 show this clearly, alongside the FX majors.

How to install on MT4 and MT5

Setup is the same for every indicator on this site. Unzip the download. Copy the compiled .ex4 into your MT4 MQL4/Indicators folder. For MT5, copy the .ex5 into the MQL5/Indicators folder. Refresh the Navigator. Then drag it onto the chart. For the full step-by-step with alert setup and fixing, see our guide to installing MT4 and MT5 indicators.

Best practices and tips

• Widen your filters around scheduled news when volatility spikes.
• Treat the bands or range as context, not a standalone trigger.
• Wait for the bar to close before acting on a signal.
• Backtest your setup on at least 200 closed bars before trading live.
• Keep position sizing small while you learn how the tool behaves on your instrument.
• Review your results weekly and prune settings that underperform.

Get the SuperTrend Polyfactor Oscillator for MT4 and MT5

One email unlocks the full library. You get this tool plus 1,382 other free MT4, MT5 and TradingView indicators. We publish and maintain them all. No paywall. No upsell. You give an email once. Then you can grab every tool we ship.

Enter your email and the file lands in your inbox right after. The download is free.

Built by forexmt4systems.com

This oscillator is one of 1,383 free MT4, MT5 and TradingView indicators we publish and maintain. Every tool ships as ready-to-use compiled MT4 (.ex4) and MT5 (.ex5) files. Each one has a 4-channel alert system: popup, mobile push, email, and sound. We load it on EURUSD H1 before release. That check confirms it draws cleanly and does not repaint. The same one-step email opt-in below unlocks the whole library, not just this one tool.

FAQ

What does the SuperTrend Polyfactor Oscillator measure?

It plots a clear signal layer that the SuperTrend Polyfactor Oscillator computes from recent price and volume on the chart.

Is the Supertrend Polyfactor Oscillator Indicator non-repaint?

By default the indicator only confirms a signal on the bar close, so the printed signal locks once that bar closes. Some users prefer the early intra-bar mode for faster signals — both options are in the inputs.

Which timeframe should I use?

There is no single best timeframe. M15 to H1 is a common starting point for intraday traders, and H4 to D1 works for swing traders. Backtest the setup on the timeframe you actually trade.

Does it work on instruments other than forex?

It works on any instrument MT4 and MT5 supports — forex majors, gold (XAUUSD), indices like US30 and NAS100, and major cryptos. Fast-moving instruments may need a smaller period setting.

Reading the signals

Can I add alerts?

Yes. Pop-up, sound, push. Email alerts can be toggled in the inputs. On MT4 and MT5 the alert plays on the bar close that triggers the signal. The Supertrend Polyfactor Oscillator Indicator ships with full alert features built in: popup alerts on the chart, push notifications to mobile MetaTrader, email alerts. A sound alert with a configurable .wav file. Each channel is toggled on its own from the inputs panel (EnableAlerts, EnablePopup, EnablePushNotify, EnableEmail, EnableSound). Alerts trigger once per closed bar.

For external background reading, see the technical indicator basics. Are results guaranteed?
No. Trading involves risk. Results are not guaranteed. Past performance is not indicative of future results. Use the Supertrend Polyfactor Oscillator Indicator as one input. Always backtest before trading live.