Download available within 1-2 hours. The Nearby ratio is a special feature that’s only available in this edition. It plots arrows to alert you when the price is near the trend line. It displays a ratio that indicates possible breakouts or pullbacks.
Patternsmart – SuperTrend Indicator
SuperTrend Indicator It is important to recognize the current market trend.
It calculates the upper and lower trends using average true range (ATR) as well as median price.
It signals when the price crosses the current trendline.
This Thinkorswim version SuperTrend IndicatorThe following parameters can be adjusted:
- It makes it easier to spot the current trend by highlighting bars.
- Length is used to calculate the Average Tru Range (ATR).
- Multiplier: This is the value of the coefficient to adjust the offset at Mid-Prices
- The median length is used to calculate median price.
- Nearby ratio: This is a special feature that is only available in this edition. It plots arrows to alert you when the price is near the trend line. It displays a ratio that indicates possible breakouts or pullbacks.
- Alert: This is to turn on/off your computer. The ratio is close to 0.
Get your instant download Patternsmart – SuperTrend Indicator
It works for all time frames (Ticks, Minutes Daily, Weekly and Monthly), as well as all markets (Stocks futures forex, options, ETFs, Options, Forex, Options, etc.).
This indicator has been explained in detail many times before, so we won’t repeat it here.
After payment has cleared, the file will be sent by email.
Course Features
- Lectures 1
- Quizzes 0
- Duration 10 weeks
- Skill level All levels
- Language English
- Students 262
- Assessments Yes
