OPEN-SOURCE SCRIPT
SuperTrend MTF [Anan]
Hello friends,
As per many experts, supertrend indicator is best to use in combination with other indicators like MACD and RSI.
The best thing about supertrend it sends out accurate signals on precise time. The indicator offers quickest technical analysis to enable the intraday traders to make faster decisions. It is extremely simple to use and understand.
However, the indicator is not appropriate for all the situations. It works when the market is trending. Hence it is best to use for short-term technical analysis. Supertrend uses only the two parameters of ATR and multiplier which are not sufficient under certain conditions to predict the accurate direction of the market.
Understanding and identifying Bull and Bear signals in supertrend is the main crux for the intraday traders. Both the downtrends as well uptrends are represented by the indicator. The flipping of the indicator over the closing price indicates signal. A Bull signal is indicated in green color whereas Bear signal is given as the indicator turns red.
Options:
- Change calculation source ( default SuperTrend uses: hl2)
- Change calculation method (default SuperTrend uses: RMA)
- Additional six multi-time frames SuperTrends
As per many experts, supertrend indicator is best to use in combination with other indicators like MACD and RSI.
The best thing about supertrend it sends out accurate signals on precise time. The indicator offers quickest technical analysis to enable the intraday traders to make faster decisions. It is extremely simple to use and understand.
However, the indicator is not appropriate for all the situations. It works when the market is trending. Hence it is best to use for short-term technical analysis. Supertrend uses only the two parameters of ATR and multiplier which are not sufficient under certain conditions to predict the accurate direction of the market.
Understanding and identifying Bull and Bear signals in supertrend is the main crux for the intraday traders. Both the downtrends as well uptrends are represented by the indicator. The flipping of the indicator over the closing price indicates signal. A Bull signal is indicated in green color whereas Bear signal is given as the indicator turns red.
Options:
- Change calculation source ( default SuperTrend uses: hl2)
- Change calculation method (default SuperTrend uses: RMA)
- Additional six multi-time frames SuperTrends
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.