AngusMcK

SuperTrail

The SuperTrail indicator is similar to the very popular and widely used SuperTrend but it has been improved to use a percentage value instead that helps users to determine the natural trading range of a stock over a period of time, and set stop losses (especially trailing stops) accordingly.

The best way to use it is to find stocks in a steady trend (upwards if you are going long or downwards if you are going short) and keep changing the indicator percentage levels until you identify a percentage that keeps you in the trade for longer without getting stopped out too often. You can then set this value in your trading program, or set an alert within Trading View to notify you if something changes and you need to take an action.

Some stocks might have little volatility and only require an 8% trail. Some might be more volatile and work better with a wider 20% trail. It also depends on your time frame. Shorter time frames are typically shorter stops. Longer time frames work better with wider stop values. The best thing about this tool is that it helps you identify the best optimised stop loss range to set for each individual stock based on its range.

The indicator works on any time frame - minutes to hours to weeks. If you want to hold stocks for a shorter time you might look at the natural range over the last 7 days, medium term the range over the last 3 months, or if you want to hold a stock for a much longer period of time then perhaps look to identify the range over the last 12 months. If you get stopped out of a stock you like, then set an alert, and when the stock moves back up within its range you can decide on whether or not you re-enter.

It is a super simple indicator. As always it is meant only as a visual guide to assist you with your trading and you will get better results by combining it with another indicator like an OBV or RSI . You can check out my Trading View channel to see how I have used it across different stocks and based it on different time periods.

I have also made and uploaded a video to my Trading View account showing how it works and how I use it.

Message me if you would like access.
Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact AngusMcK for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Public Library.

Want to use this script on a chart?

Warning: please read before requesting access.

NOT TRADING ADVICE. ALWAYS DO YOUR OWN RESEARCH.

MY SUPERTRAIL INDICATOR: https://supertrail.io/

MY TRADINGVIEW TIPS AND TRICKS VIDEOS: https://bit.ly/3hR8re4

ZERO COMMISSION TRADING for AUSSIES, KIWIS, POMS & BRAZILIANS: https://bit.ly/2KxU820

Comments

Hi Angus,

Your video is great !!

I would be glad to have access to this indicator.

Thank you very much.
+9 Reply
AngusMcK gordonchan1
@gordonchan1, done.
+3 Reply
coolgems9 AngusMcK
@AngusMcK, i wanna use ur indicator
+6 Reply
Can I please have access to your SuperTrail indicator. Big Thank you!
+4 Reply
AngusMcK grxgkmice5
@grxgkmice5, message sent.
+1 Reply
Hi Angus, Your Trailing loss indicator is good. Looks like your using some kind of median filter to get the indicator to run horizontally.
Would I be able to try out the code for your trailing loss ?
Cheers
George
+4 Reply
AngusMcK georgerai
@georgerai, thanks George. I have messaged you.
Reply
Hi angus

Id like to have access to this indicator pls
+3 Reply
AngusMcK komogisa
@komogisa, message sent.
Reply
Id like to have access to this indicator pls
+2 Reply
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