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Trading product for Supertrend Indicator BTCUSD Breakout, image 1
Supertrend
Indicator
14 purchases
Version 1.0, Oct 2024
Windows, Mac
4.3
Reviews: 3
Since 03/10/2024
175
Sales
44.55K
Free installs

Description

Pinescriptlabs Store indicators:                        Pinescriptlabs  Store cBots :  (cBot) Gold & BTC BreakoutSession Pivots(new)

PRICE ACTION  (New)

Trailing Smart Algorithm (new)

S&R Structural ZigZag                                

ZigZag

 BOS & CHOCH

Zones Supply Demand

Leverage Liquidation Map

Auto-Trend Channel


Volume POC Heatmap

 

PREMIUM SSL CHANNEL

Prediction Based on Linreg & ATR

 ICT Power of 3 
                                                   

SmartTrend Support &
Resistance
Lines
       

Fair Value Gap Sessions                
       
 

RSI Trend Trigger

Channel Breakout System

Supertrend

Market Imbalance

Adaptive Trend Channel 

Dynamic
Market Structure
Analysis
of
Turning
Points

Order Block

Fibonacci
Linear
Regression
Multi-timeframe

Dynamic RSI

Momentum Fair Value Gap

Market Flow Projection

Dynamic Trend Gradient

Multi-Level
Candle Bias
Tracker

Zig-Zag Extremity Tracker

Reactive Moving Average

Auto
Support and
Resistance
Trend
Lines

All
Support and
Resistance
Levels

Dynamic Range Momentum

๐Ÿš€ **Trend-Following Algorithm** that leverages the **Average True Range (ATR)** ๐Ÿ“Š to define a price channel ๐Ÿ“ˆ and determine trend direction (bullish ๐ŸŸข or bearish ๐Ÿ”ด). The indicator changes colors and draws lines based on the trend, making it easy to visualize shifts in market momentum. ๐Ÿ’น


### ๐Ÿ”ง **Inputs**:


1. **ATR Periods** โณ:

- Defines the number of periods to calculate the **Average True Range**. This affects the indicator's sensitivity, helping you capture market movements faster or slower.


2. **ATR Multiplier** ๐Ÿ”:

- Adjusts the distance between the trend lines ๐Ÿ“‰ based on market volatility ๐ŸŒŠ. A higher value widens the channel, reducing false signals but giving a clearer view of major market moves. ๐Ÿ“



Summary

AI summary
The Supertrend indicator is a trend-following tool that uses the Average True Range (ATR) to define a dynamic price channel and identify market trend direction as bullish or bearish. It visually represents trend shifts by changing colors and drawing lines on the price chart, facilitating the recognition of momentum changes. Key adjustable inputs include the ATR Periods, which set the number of periods for ATR calculation affecting sensitivity, and the ATR Multiplier, which adjusts the channel width based on market volatility to balance signal accuracy and noise reduction. This indicator supports analysis across various markets including cryptocurrencies (e.g., BTCUSD), commodities (e.g., gold, XAUUSD), and others. It is designed to help traders visualize and follow prevailing trends by providing clear, adaptive trend signals derived from price action and volatility measures.
Indicator profile

Customer reviews

4.3
Reviews: 3
5
33 %
4
67 %
3
0 %
2
0 %
1
0 %
Customer reviews
October 6, 2024
Useful in the right hands if the trader wants it helps keep attention on the broader move. It works best as support, not a final decision maker. I would judge the trend read across 3 sessions, with at least 2 higher timeframe candles agreeing. sideways markets can weaken the signal.
October 5, 2024
October 5, 2024
Solid option for review for traders who prefer directional setups. It gives value around trend filtering, but sideways markets can weaken the signal. The signal feels safer when trend strength is clear and DD stays under 3 percent. It is a filter for bias, not a reason to ignore risk.

Discussion

FAQ

BTCUSD
Breakout
Supertrend
Commodities
RSI
Crypto
XAUUSD
ATR
Products available through cTrader Store, including trading bots, indicators and plugins, are provided by third-party developers and made available for informational and technical access purposes only. cTrader Store is not a broker and does not provide investment advice, personal recommendations or any guarantee of future performance.

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Price

Since 03/10/2024
175
Sales
44.55K
Free installs