fxcodebase-backup
Simplified supertrend
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=73572
Forum: 17 · Topic 73572 · 1 post(s)
Simplified supertrend
Apprentice · Fri Apr 07, 2023 9:42 am
Based on source https://www.prorealcode.com/prorealtime … onent-atr/
This simplified supertrend can give better results in certain cases, for example in long-term charts, when prices show highly different values falling in a very broad range.
The indicator behaves more like a traditional trailing stop, because volatility is not considered. The risk of curve-fitting and over-optimization is reduced, because only one adaptable parameter (“factor”) is used.