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Supertrend indicator > searching different one


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Supertrend indicator > searching different one

  #1 (permalink)
 utkuzu 
bucharest + romania
 
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Good Afternoon ,

is there any indicator like Supertrend with straight lines instead of shifting stop/trend lines after cross ?


example like below screenshot, trend line needs to continue like yellow marks



many thanks

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 johnnymustard 
Las Vegas, NV
 
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I can't imagine there is such a version of ST available. You could have
the code modified to plot horizontal instead of shifting but I doubt you'll find one that does it already.

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 Fat Tails 
Berlin, Europe
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The SuperTrend is a SAR (stop-and-reverse) trailing stop. When it is long, a bar close below the stop will make it revert and it will go short. When it is short, a bar close above the trailing stop will make it revert and it will go long.

The SuperTrend is not designed to draw any trend lines that cut into price. If you wish to draw such trend lines, you would use a moving average. There is a class of adaptive moving averages which draw horizontal trend lines in sideways markets. Please have a look at

- the Kaufman Adaptive Moving Average (KAMA)
- the Variable Index Dynamic Average (VIDYA or VMA)
- ADXVMA

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