BEST Supertrend MA — Indicator by Daveatt

TradingView

10846 views

movingaverage trendanalysis volumestudies supertrend algotrading ohlc convergence atr daveatt profitview

Hello traders,

That one is an experiment
I was curious to see what a supertrend based on moving average cross could give

How does it work?

Bull event: fast moving average crossing overthe slow moving average
Bear event: fast moving average crossing underthe slow moving average

When the event is triggered, the script will plot the Supertrend as follow

UP Trend = ohlc4+ ATR * Factor
DOWN Trend = ohlc4- ATR * Factor

Interesting to see the results given by ohlc4 vs hl2 and hl3
Documentation:

This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level.

Hope you'll enjoy it and it will improve your trading making you a better trader
Dave

💰 Results/Blogs: https://bit.ly/2ULUtjo

⏩ Signals/Pricing: https://best-trading-indicator.com/pages/pricing

🐦 Twitter: https://twitter.com/bti_trading

👉 Get a $30 discount on TradingView: https://bit.ly/2UM5OA0

📺 Youtube: https://bit.ly/3bKvnZu

Comments

fanx luv

I really like this idea, can someone make a strategy version for me to mess around with? I'll comment with the best parameters I find

SuperTrend is great regarding displaying the trend but signals both buy and sell are just too late to make it profitable. If someone achieves it to get those earlier maybe by using multiple timeframe then it would be the best.
Thanks for sharing your indicator i will do some testing with it.

dpanday

I've found the Super trend is useful for trading the pull back before continuation of a trend, or 'last kiss' trade pattern.

Darfttrader

@Darfttrader, could be indeed

dpanday

@dpanday I agree. Supertend is also a nice trailing stop by design.

dpanday

@dpanday, too late? lol! it's not meant for scalping ,,,, you realize you can set it up to catch large long very profitable ''trends'' right?