OPEN-SOURCE SCRIPT
SuperTrend With EMA100
First of all, SuperTrend Indicator is an indicator developed by KivancOzbilgic and I would like to thank him for sharing this indicator with open source code.
In this version of Supertrend, I wanted to determine the best reaction point for upcoming dips in uptrends.
The indicator is easy to use and gives an accurate reading about an ongoing trend. EMA was determined as the source.
There are 3 parameters that you can edit. These are the EMA length, ATR period and ATR Multiplier.
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility .
I've found it's a bestreaction point when these values are set to 100, 10 and 0.5 respectively. I tried to show them in the graph.
In this version of Supertrend, I wanted to determine the best reaction point for upcoming dips in uptrends.
The indicator is easy to use and gives an accurate reading about an ongoing trend. EMA was determined as the source.
There are 3 parameters that you can edit. These are the EMA length, ATR period and ATR Multiplier.
The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility .
I've found it's a bestreaction point when these values are set to 100, 10 and 0.5 respectively. I tried to show them in the graph.
Script open-source
Dans le plus pur esprit TradingView, l'auteur de ce script l'a publié en open-source, afin que les traders puissent le comprendre et le vérifier. Bravo à l'auteur! Vous pouvez l'utiliser gratuitement, mais la réutilisation de ce code dans une publication est régie par nos Règles. Vous pouvez le mettre en favori pour l'utiliser sur un graphique.
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