
This Supertrend indicator is a powerful trend-following tool designed to be placed directly over a price chart to provide clear, visual signals about the market's direction. Its primary goal is to help traders identify and follow trends with greater confidence.
Core Function: Trend Identification
The indicator's main purpose is to determine whether the market is in a bullish (upward) or bearish (downward) trend.
- Bullish Trend: When the market is trending upwards, the indicator plots a green, discontinuous line below the price bars. This visually confirms bullish momentum.
- Bearish Trend: In a downward trend, it plots a red, discontinuous line above the price bars, confirming bearish control.
- Trend Reversal Signal: The most critical signal occurs when the trend changes. This happens when the closing price of a bar crosses the current Supertrend line.
- A bullish trend ends and a bearish one begins if the price closes
below the green line. - A bearish trend ends and a bullish one begins if the price closes
above the red line.
- A bullish trend ends and a bearish one begins if the price closes
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