Variable SuperTrend - evo — Indicator by EvoCrypto

averagetruerange trendanalysis supportandresistance supertrend cloud trending bitcoin

Played around with Lazy Bear's VMA

and Gunazzi's SuperTrend Cloud

.

It plots an uptrend if the low of a candle gets above the recent downtrend and plots a downtrend if the high of a candle gets below the recent uptrend, you have to wait for the candle to close to confirm the actual trend change.
I use it to give me a direction for longs or shorts, not as a stop/reverse indicator.

Thanks Lazy Bear and Gunazzi :)

Release Notes:

UPDATE
- Added % Gain/Loss as requested in comments

Open-source script

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