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
In order to add and set this indicator, open Indicator Settings.
Sourse– setup of the indicator calculation parameters:
Period- quantity of ATR's calculation periods.
Multiplier - volatile multiplier, calculated by ATR.
Panel-selection of the indicator position on the chart:
- New panel.
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:
- Up arrow
- Down arrow
- Axis label
Line style- setup of the line display:
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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