6 Multi-Timeframe Supertrend with Heikin Ashi as Source — Indicator by Thinkologist

multitimeframe supportandresistance supertrend heikin-ashi multi-timeframe atr trailingstop trail trendfollowing stoploss riskmanagment

This is a multiple multi-timeframe version of famous supertrernd only with Heikin Ashi as source. Atr which stands in the heart of supertrend is calculated based on heikin-ashi bars which omits a great deal of noises.
with 6 multiplication of the supertrend, its simply much easier to spot trend direction or use it as trailing stop with several levels available.

this is a great tool to assess and manage your risk and calculate your position volume if you use the heikin ashi supertrend as your stoploss.

Release Notes:

updated the alert to the supertrend with 3 ATR multiplication which is the best support and resistance level among the rest of the multiplications.

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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