The SuperTrend Zone indicator is a tool designed to help traders identify the best zone to enter in a position revisiting the usage of the standard SuperTrend indicator.
In the settings you can chose the ATR length and the Factor of the indicator, and in addition to that you can also change the multiplier for the zone width.
This indicator provide two different SuperTrend indicator, the first one has the settings that you chose and display the zone, meanwhile the second one has double the parameters you have chosen and can be used to determine the long term trend direction.
Sürüm Notları
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Alert settings added
Sürüm Notları
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Trend change added in the alert functions. Changed the colors for the long term super trend.
I just loaded the latest version. I see that the long-term trend lines are no longer separate colors. It's very useful to have them match the colors of the other trends. Can you fix this, or supply the previous code? Thanks again!
OmegaTools
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@HaverelMink, Fixed, now the long-term super trend has different colors based on the trend direction, thanks for the useful feedback!
ladyvi2813
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This indicator is great, is it possible to put a red and blue trend alert?
MattShepherd27
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Would it be possible to turn this indicator into a strategy; so we could track the performance on different currencies and find the best settings for each?
OmegaTools
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@MattShepherd27, Sure it is, but in order to backtest properly, you should definire an objective trigger entry, a stop loss and a take profit (or any other exit condition), and this is highly subjective, I should make a version with a generalised checklist that anyone could look at