Auto Adjust SuperTrend Indicator by vickyprudhvi

movingaverage trendanalysis averagetruerange supertrend adjustment btcusdt auto supertrends automated crypto stocksignals

SuperTrend
It is a standard ATR (Average True Range)-based Trailing Indicator. The indicator takes two default values ATR Period and Factor. The standard settings for Super Trend I have seen are 10,3 or 10,2. These settings will not work for all the instruments, and we end up manually changing these settings. This is where Auto-Adjust Supertrend adds value. Auto-Adjust SuperTrend finds the optimized settings for ATRPeriod and Multiple using a defined algorithm to check all the different ATR Periods and Factors. It backtests different combinations of ATR Period and Factors and Indicator switches to these profitable settings as soon as it detects most profitable setting among given range in the settings.

Default ATR Period : 10 to 20
Default Factor : 2 to 5

The above settings can be altered in the indicator settings. Please do keep in mind that the performance of the indicator reduces as we increase the default settings range.

Alerts are available as well

Pls contact me for access.

Release Notes:

Added Alerts for Webhook.

Tip Jar
PayPal - www.paypal.me/vickyprudhvi

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact vickyprudhvi for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Author's instructions

Pls msg me privately on Trading view or use Telegram (PRaj86)

Want to use this script on a chart?

Warning: please read before requesting access.