Based upon popular SuperTrend (AKA: ATR Trailing Stop) indicator with the following differences and improvements:
Defaults to using Volume-Adjusted WMA ( VAWMA ) for ATR. (Can still be configured to behave exactly like classic SuperTrend.)
Can use SMA, EMA, WMA, VWMA, and VAWMA instead of just SMA.
Confirmation close bars for avoiding false breaks.
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FXR X4
This indicator is the fourth part of a series of indicators designed to beat the market.
Features
- Confirmation Squares/Bars
- Multi Timeframe Trend (MTT)
OANDA:US30USD
How to Use
How to use this indicator depends on you as the trader, how to best utilize this objectively is to apply it as confluence to your analysis.
- Confluence Squares
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