In this Markplex version the SuperTrend value is also tightened (i.e. There are many different interpretations of the so-called SuperTrend indicator. When the dirction is down, the SupTrend can only decrease. When the direction is up (Dir = 1), the SupTrend value can only increase. Print( " C > ST c ",c," SupTrend ", SupTrend," ",BarColor) Direction is determined by the Close of a bar relative to the value of the SuperTrend, Upper and Lwr using the following code: If C > SupTrend then Respectively, depending on the direction. A user input multiple of the ATR is added to or subtracted from the average price to give Upper and Lwr This implementation calculates the Average True Range (ATR) of the average price using the exponential moving average. Tutorial 173 | SuperTrend indicator is a stop and reverse (SAR) indicator that trails price action.
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