The Supertrend indicator is a very versatile and and accurate trend detection system. It can also be used an an reversal indicator. Therefor you can use it either as entry or as an exit signal. Depending on your settings it is also good for trend confirmation.
This version is slightly enhanced from the original version from mladen.
The Supertrend of Averages Histogram Version contains:
- 11 different price options
- Averaging period
- 18 different averaging types
- ATR period and ATR multiplier
- Shows results as Histogram
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