SupertrendChannels
Indicator
1 purchases
Version 1.0, Jul 2025
Windows, Mac
4.7
Reviews: 4
Since 03/01/2025
638.03K
Traded volume
21.34K
Pips won
18
Sales
Description
Supertrend Channels is a custom overlay indicator designed to help traders visually identify dynamic support and resistance zones, entry signals, and trailing stop-loss levels using ATR-based logic.
The indicator plots three lines:
- Upper Band (Green) – acts as a dynamic resistance or trailing stop-loss for long trades.
- Lower Band (Red) – acts as dynamic support or trailing stop-loss for short trades.
- Middle Line (Purple) – serves as a mean-reversion level or potential entry point.
It calculates bands using the Average True Range (ATR) multiplied by a user-defined factor (Multiplier) and adds/subtracts that from the high/low of the current candle. A smoothing method (selectable MA type) is applied to the ATR to adjust responsiveness.
How to Use:
- Entry: Look for entries near the middle line during consolidations or after crossing signals.
- Trailing Stop-Loss: Use upper/lower bands as dynamic exit zones to lock in profit as trends extend.
- Support & Resistance: These bands act like adaptive zones that reflect recent volatility and help spot potential turning points.
Unlike standard Bollinger Bands, this approach anchors bands off price extremes plus volatility, not a moving average, making it more responsive in trending environments and more adaptable for discretionary or algorithmic trading.
Summary
AI summary
SupertrendChannels is a custom overlay indicator that visually identifies dynamic support and resistance zones, entry signals, and trailing stop-loss levels using ATR-based calculations. It plots three lines: an Upper Band (green) serving as dynamic resistance or trailing stop for long trades; a Lower Band (red) acting as dynamic support or trailing stop for short trades; and a Middle Line (purple) used as a mean-reversion level or potential entry point. The bands are calculated by adding or subtracting a multiple of the Average True Range (ATR) from the current candle’s high or low, with selectable smoothing methods applied to the ATR for responsiveness adjustment. Traders use the middle line for entries during consolidations or after crossovers, and the upper and lower bands as adaptive trailing stop-loss zones to secure profits during trends. Unlike traditional Bollinger Bands, SupertrendChannels anchor bands to price extremes plus volatility rather than a moving average, enhancing responsiveness in trending markets and adaptability for both discretionary and algorithmic trading.
Indicator profile
Customer reviews
4.7
Reviews: 4
5 | 75 % | |
4 | 25 % | |
3 | 0 % | |
2 | 0 % | |
1 | 0 % |
Customer reviews
July 29, 2025
The first impression improves when the setup gets an extra sanity check, and a week of notes gives a better read.
July 26, 2025
the idea is fine, just do not expect it to print perfect entries. Win rate means less without average R.
July 25, 2025
The reason it feels usable is the plan does not get lost as quickly. The market context still matters.
July 20, 2025
demo first, then maybe small size if the notes look sane. One green trade proves nothing.
Discussion
FAQ
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Price
Since 03/01/2025
638.03K
Traded volume
21.34K
Pips won
18
Sales