BEST Supertrend MA

14 בינו׳ 2020

Hello traders,

That one is an experiment
I was curious to see what a supertrend based on moving average cross could give

How does it work?

Bull event: fast moving average crossing overthe slow moving average
Bear event: fast moving average crossing underthe slow moving average

When the event is triggered, the script will plot the Supertrend as follow

UP Trend = ohlc4+ ATR * Factor
DOWN Trend = ohlc4- ATR * Factor

Interesting to see the results given by ohlc4 vs hl2 and hl3
Documentation: tradingview.com/pine-script-reference/v4/

This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level.

Hope you'll enjoy it and it will improve your trading making you a better trader
Dave