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SuperTrend Channel

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SuperTrend Channel is using Moving Averages to build the MA Channel.

No repaints.

It is strongly recommended to use the indicator with higher time frames (1 Week, 1 Day, 12 hours, 6 hours), so you can ignore false movements on the chart and indicate the main trend. With lower time frame it is recommended to use higher length of Moving Average so you can ignore false movements on the chart.

Here you can:
1) Choose the Moving Average type: SMA, EMA, WMA, VWMA, SMMA, DEMA, TEMA, HullMA, ZEMA, TMA, SSMA.
2) Choose the length of Moving Average.
3) Use the BTC filter. If BTC filter selected, the main trend is filtered by daily BTC trend as well. It could help to ignore false movements on assets with high volatility.
4) Choose the backtest dates so you can evaluate the results before trading.
Release Notes
Script improvements. Visualisation fixed. Backtest fixed.
Release Notes
Take Profit (in %) added:
You can reenter position immediately after take profit;
Or you can wait for a new signal to enter position.
Release Notes
Stop Loss (in %) added.

Disclaimer

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