Introduction I was faced with the fact that many authors contradicted each other about the indicator settings. Each trader offers his(her) own settings, without having an evidence base. Therefore, I decided to make an algorithmic optimizer.
What is this tool? This tool is a performance optimizer that uses a decision tree-based algorithm under the hood to find the most profitable settings for the SuperTrend indicator. It analyzes a bunch of different ATR Periods (between 3 to 45) and ATR Multipliers (between 1 to 8 with a decimal step of 0.1) and backtests each combination across the entire history of an instrument. If the more profitable parameters were found, the indicator will switch its values to the found ones immediately.
Instead of manually selecting parameters, just relax - the algorithm will do it for you.
Alerts It has an alert that notifies when the more profitable settings were found.
NOTE: It does not change what has already been plotted before. NOTE 2: The implementation of the SuperTrend indicator I used can be found here
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Made optimization fixes
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Added date range for optimizer
Added option to use Early Switch Algorithm
Added optimization fixes
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Changed alert name
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Security update
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Security update
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Security update
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Security update
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Security update
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Security update
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Security update
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Security update
Optimization update
Added commission customization
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Update
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Update
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Update
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Update
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Minor update
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Update
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Fixed bug with the SuperTrend calculation on doji candles