everget

SuperTrend

This is a redesign of the SuperTrend indicator. It removes stupid transitions between SuperTrend states and highlights initial points for both lines.

SuperTrend is a moving stop and reversal line based on the volatility (ATR).
Release Notes:
  • Modified initial algorithm
Release Notes:
  • Added Buy/Sell alerts
  • Added Buy/Sell labels
Release Notes:
  • Fix erratum
Release Notes:
  • Converted to Pine V4
  • Added an option to take candle wicks into account

From now, with checked "Take Wicks into Account" option the SuperTrend will respond more clearly than default one:
Release Notes:
  • Added long/short state highlighting
Release Notes:
  • Update
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Kommentarer

Hey Bro, I find this indicator very useful but how this it works anyway? how can it detect on where to signal on when to buy or sell? I combined it along with another supertrend indicator with LONG and SHORT signal, What I did was if their label cross each other I confirmed it that, that's the right time so set my position. But I'm a little confused if how this indicator works?!
+6 Svara
everget wengkoi
@wengkoi, Hi, this is ATR-based trailing stop, commonly used as a trend indicator
+4 Svara
And there is a trading strategy on the indicator that you can see the numbers?
+6 Svara
everget KirillNET
@KirillNET, I can send the strategy to you
+11 Svara
tphal001 everget
@everget, I STILL CANT FIND THE SETTINGS AND STRATEGY PLEASE
Svara
everget tphal001
@tphal001, which settings you can't find?
Svara
tphal001 everget
@everget, THE SETTINGS FOR THE SUPERTREND INDICATOR FOR BEST RESULT AND BEST TIME FRAME
Svara
tphal001 everget
@everget, thanks for the quick reply
+1 Svara
@everget, hi, how can I test it?
+4 Svara
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