In this Markplex version the SuperTrend value is also tightened (i.e. There are many different interpretations of the so-called SuperTrend indicator. When the dirction is down, the SupTrend can only decrease. When the direction is up (Dir = 1), the SupTrend value can only increase. Print( " C > ST c ",c," SupTrend ", SupTrend," ",BarColor) Direction is determined by the Close of a bar relative to the value of the SuperTrend, Upper and Lwr using the following code: If C > SupTrend then Respectively, depending on the direction. A user input multiple of the ATR is added to or subtracted from the average price to give Upper and Lwr ![]() This implementation calculates the Average True Range (ATR) of the average price using the exponential moving average. Tutorial 173 | SuperTrend indicator is a stop and reverse (SAR) indicator that trails price action.
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