Super trend

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-setup of the indicator calculation period.

Multiplier 

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.