SuperTrend (Self-Adjusting Parameters for Highest Profitability)

SuperTrend (Self-Adjusting Parameters for Highest Profitability)

The SuperTrend is a trend-following indicator.
It works best when it is used along with other indicators.
It performs well in trending markets and can give false signals in volatile markets.
It becomes Smart when its Multiplier and Period parameters are automatically detected.

• Self-Adjusting Multiplier and Period parameters
• The graphs for Profitability, SuperTrend Multiplier, SuperTrend Period and the SuperTrend itself are available to choose for display from the indicator settings
• A chart layout can be made just for the Smart SuperTrend, having all the graphs nicely displayed
• Alerts for changes in Trend, Multiplier, Period, Profitability

The range for Multiplier, Period and Time can be changed in the indicator settings.
This affects the loading speed (smaller range, faster to load), as well as the accuracy of the signals.
The indicator switches to the most profitable Multiplier and Period parameters automatically, in real-time.
It scans across the entire historical data made available by TradingView.

The Smart SuperTrend works on all timeframes and symbols available on TradingView.

It does not repaint!
But several aspects must be considered:
- 1. TradingView periodically removes access to old data while giving access to new data in real-time.
____ The frequency depends on the timeframe, amount of data. It can happen daily for second charts, weekly for minute charts.
____ Since the Indicator wouldn't have access to that old data anymore, the Profitability may change its value, causing a certain degree of repainting.
- 2. The starting time for Backtest must be inserted in the settings panel.
____ As long as that starting time has available price data, the SuperTrend will NOT get repainted.
____ A suggested starting date for the analysis is shown on the chart. Insert the date in the indicator settings.

This indicator is compatible with the Wrapper Module of the Risk Management System indicator, which means they can work together as a trading bot.

Release Notes:

Bug fixes and improvements:
• fixed an issue with the suggested start date for analysis
• min and max values for multiplier and period parameters are now suggested on the chart as well
• fixed an issue with the plot used as a signal source
• added a new component to further improve the indicator's effectiveness