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SuperTrend M11 (amaSuperTrendM11)

Version 2.0*) October 15, 2017

The SuperTrend indicator is an application of the concept of MAE (maximum adverse excursion), which was introduced by John Sweeney in the mid-nineties. It is a Stop-And-Reverse (SAR) indicator based on breakouts from a modified Keltner channel.

The SuperTrendM11 is an enhanced version of the original SuperTrend indicator that comes with the following modifications:

- The moving average has been replaced with a more robust median.
- The median is calculated one bar ago to avoid recalculating with each incoming tick.
- The average true range (ATR) is calculated one bar ago to avoid recalculating with each incoming tick.

In fact there is no point in moving a trailing stop towards the current price intra-bar. Therefore a trailing stop should always be calculated from the prior bar and not the last price.

This version of the SuperTrend can be set to revert intra-bar or at the bar close. With default settings the stop line is only broken, when there is a bar close beyond the stop. The indicator comes with paint bars and sound alerts.

The SuperTrend is a trend indicator, which can be used in various ways. It is best used as a trailing stop or as a trend filter. It can also be used as a stop-and-reverse indicator, but will only work as such in trending markets. Typically it will allow for profitable results while the market is trending and then give the money back in sideways markets.

Note: The SuperTrend M11 has the trend exposed as a public property. This property can be accessed programmatically. However, it cannot be currently accessed via the market analyzer. In order to access the Trend series via the market analyzer, a specific MarketAnalyzerColumn is required. The MarketAnalyzerColumn is not yet included with the install file, as it has led to freezes with NT 8.0.8.0. The bug has been confirmed by NinjaTrader developers and only fixed with the latest release NT 8.0.9.0. (issue #12054). The market analyzer column and sound files for the SuperTrend M11 will be available with a future update.

*) Unfortunately, the forum software always renames zip files to match the original file name. Therefore the zip file refers to a prior version of the amaSuperTrendM11. Be assured that the zip file contains the indicator version referenced in the headline.

Category NinjaTrader 8 Indicators and More

Details: SuperTrend M11 (amaSuperTrendM11)
Category: NinjaTrader 8 Indicators and More

October 20th, 2017
Size: 15.15 KB
Downloaded: 1110 times

Keywords: atr averagetruerange median sar supertrend trailing trailingstop

Comments/ratings

skfutures October 20th, 2017 11:29 PM

Thank you.

hautetoddy April 30th, 2018 12:53 PM

Thank you for this handy helpful tool

mrbmac January 26th, 2020 06:10 PM

thanks, could never do this on my own.

marito August 2nd, 2020 10:54 PM

thank you!

Daniel2504 August 21st, 2021 11:53 AM

Good job, tks!!!!

racecarjw March 12th, 2022 02:31 PM

As always Fat Tails lends us all, a helping hand.