"Supertrend" logo
Indicator
13 purchases
Version 1.0, Oct 2024
Windows, Mac
Since 03/10/2024
143
Sales
31.48K
Free installs

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“



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BTCUSD
Breakout
RSI
ATR
Commodities
Supertrend
Crypto
XAUUSD
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Since 03/10/2024
143
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Free installs