The software products in the TradingApp Store are created by independent third-party developers and are designed exclusively for TradeStation. Tutorial 173 | SuperTrend indicator is a stop and reverse (SAR) indicator that trails price action. The TradeStation TradingApp Store is a marketplace of trading tools and products including indicators, strategies, trading apps, and other studies that can be created using EasyLanguage. A user input multiple of the ATR is added to or subtracted from the average price to give Upper and Lwr This implementation calculates the Average True Range (ATR) of the average price using the exponential moving average. Print( " C > ST c ",c," SupTrend ", SupTrend," ",BarColor) Direction is determined by the Close of a bar relative to the value of the SuperTrend, Upper and Lwr using the following code: If C > SupTrend then Respectively, depending on the direction. When the direction is up (Dir = 1), the SupTrend value can only increase. When the dirction is down, the SupTrend can only decrease. There are many different interpretations of the so-called SuperTrend indicator. In this Markplex version the SuperTrend value is also tightened (i.e. If you have studies on subgraphs within the chart, you can also add lines to the subgraphs. Moved closer to price) by using an acceleration factor which increases incrementally each bar by user input: AFStep up to a a maximum value of user input: MaxAF. Click once for the start point of the line, drag the pointer to the end point, and then release.
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