SuperTrend
ATR-based dynamic support/resistance trend.
What is SuperTrend?
SuperTrend uses ATR to determine trend direction. The line acts as dynamic support/resistance: green segments = uptrend, red segments = downtrend.
Parameters (10/3)
- Period: 10 bars
- Multiplier: 3x ATR
- Timeframes: 4h, 8h, or daily candles
Interpretation
- Green line: Uptrend (direction=1), acts as support
- Red line: Downtrend (direction=-1), acts as resistance
- Color change = trend reversal signal
- Data refreshes periodically — not real-time
Trading Signals
- Buy: Line color changes from red to green
- Sell: Line color changes from green to red
- Line acts as trailing stop level
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