A system comprises an integrated circuit package, an inductor that is part of a power supply, and a printed circuit board (PCB) having a metal trace disposed directly below the inductor when viewed from a top-down perspective. The integrated circuit package includes a first terminal, a second terminal, and a novel inductor current detection and calibration circuit. The first terminal is coupled to a first end of the metal trace and the second terminal is coupled to a second end of the metal trace. During operation of the power supply, the novel circuit detects an OCP condition whereby an output current of the power supply exceeds an OCP level. The novel circuit detects the OCP condition in part by sensing a voltage across the metal trace. After calibration at room temperature, the novel circuit performs accurate OCP detection over a range of temperatures without using any temperature sensor near inductor.