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Auto SuperTrend+

Electrified Updated   
Trend Analysis supertrend ATR atrtrailingstop
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trendanalysis supertrend atr atrtrailingstop
Based upon SuperTrend+, this variation measures the volatility in order to determine the range of the trend.

Notes:
  • Upward volatility is measured separately from downward.
  • WMA is used for averaging to provide a recency bias.
  • Changing time-frames should display similar results as the settings are based upon time and not bars.
Release Notes:
Improved time-frame options and reliability at smaller timeframes.
Release Notes:
  • Added "Pullback" detection and alert option.
  • Improved configurability.
  • Significant improvements to UI/theming.
Release Notes:
Visual bug fix.
Release Notes:
Don't plot labels until trend is confirmed.
Release Notes:
Cleanup.
Release Notes:
Corrected label position
Release Notes:
Fixed issue where tolerance can cause logic be ignored.
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.

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.

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