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Adaptive SuperTrend Signals with Trend Quality and Risk Levels

Article MQL5 code base

Summary

The document describes a MetaTrader indicator that adapts SuperTrend bands using the Kaufman Efficiency Ratio: bands tighten when price movement is directional and widen in choppy conditions. A Trend Quality Index combines directional efficiency, the volatility regime, pivot structure, and momentum persistence. A separate score filters signals using momentum, efficiency, volume, RSI, pivots, and a baseline component. A drop in trend quality can also flag a possible change in trend character before the SuperTrend line reverses.

For each accepted signal, the indicator plots an ATR-based stop and three profit targets defined as multiples of initial risk, then tracks level hits and performance statistics. It offers timeframe presets, configurable filters and displays, alerts, and an optional experimental calibration feature that adjusts quality influence based on recent R results. Signals are described as using confirmed closed bars. The document explains features and parameters but supplies no independent performance evidence, validation, or comparisons; its reported dashboard statistics should not be treated as proof of profitability.

Key ideas

  • The indicator changes SuperTrend band width in response to the Kaufman Efficiency Ratio.
  • Its Trend Quality Index combines efficiency, volatility regime, market structure, and momentum persistence.
  • A composite score filters trend flips using technical and volume-based inputs.
  • Stop and target levels are drawn from ATR distance and multiples of initial risk.
  • The document describes configurable presets and tracking features but provides no independent evidence of trading performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.