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Description
Description
SuperTrend is a trend-following indicator based on Average True Range. The calculation of its single line combines trend detection and volatility. It can be used to detect changes in trend direction and to position stops.
This version allows you to:
- Use a custom timeframe
- Change bar colour based on Trend
- Display lines instead of dots to output the SuperTrend.
Code is also much cleaner and easier to understand :)
Parameters:
Will update the code to include shading between SuperTrend and price when cTrader provides better implementation for it.
Botnet101
Joined on 08.08.2021
- Distribution: Free
- Language: C#
- Trading platform: cTrader Automate
- File name: SuperTrend.algo
- Rating: 5
- Installs: 1070
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