The SuperTrend indicator is build upon on two indicators – ATR and CCI. CCI points the direction of trend movement, meanwhile ATR is used to determine the levels of indicator.
View indicator on the chart.
*Note! Upon installation, the indicator has default settings, which are not appropriate for all instruments and time frames, therefore, it should be customized.
Calculation formula of the SuperTrend
UpperLevel=(High[i]+Low[i])/2+Multiplier*Atr(Period)
LowerLevel=(High[i]+Low[i])/2-Multiplier*Atr(Period)
In order to add and set this indicator, open Indicator Settings.
Common
Sourse– setup of the indicator calculation parameters:
- Open
- High
- Low
- Close
- Volume
Period- quantity of ATR s calculation periods.
Multiplier - volatile multiplier, calculated by ATR.
Drawing.
Panel-selection of the indicator position on the chart:
- New panel.
- Chart.
Down trend
Show value-display of the indicator value on the left on the price scale.
Show zero values
Scale - if this option is on, the scale is calculated automatically based on the minimum and maximum values of the indicator to fit the latter in the chart.
Color-color setup of the indicator.
Visual type– visual setup of the indicator display on the chart:
- Line
- Histogram
- Hash
- Block
- Cross
- Square
- Dots
- Up arrow
- Down arrow
- Axis label
- Hide
Line style- setup of the line display:
- Solid
- Dash
- Dash-dot
- Dash-dot-dot
Width-width setup for the index line.
The Up trend line has the same visual settings as the Down trend line.
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