Created by Oliver Seban, the SuperTrend indicator attempts to determine the primary trend of prices by using Average True Range (ATR) band thresholds around an HL2 midline. It can indicate a buy/sell signal or a trailing stop when the trend changes. [Discuss] 💬
// C# usage syntax
IEnumerable<SuperTrendResult> results =
int - Number of periods (
N) for the ATR evaluation. Must be greater than 1 and is usually set between 7 and 14. Default is 10.
double - Multiplier sets the ATR band width. Must be greater than 0 and is usually set around 2 to 3. Default is 3.
Historical quotes requirements
You must have at least
N+100 periods of
quotes to cover the convergence periods. Since this uses a smoothing technique, we recommend you use at least
N+250 periods prior to the intended usage date for optimal precision.
quotes is a collection of generic
TQuote historical price quotes. It should have a consistent frequency (day, hour, minute, etc). See the Guide for more information.
- This method returns a time series of all available indicator values for the
- It always returns the same number of elements as there are in the historical quotes.
- It does not return a single incremental indicator value.
- The first
Nperiods will have
nullSuperTrend values since there’s not enough data to calculate.
⚞ Convergence warning: the line segment before the first reversal and the first
N+100periods are unreliable due to an initial guess of trend direction and precision convergence for the underlying ATR values.
DateTime - Date from evaluated
decimal - SuperTrend line contains both Upper and Lower segments
decimal - Upper band only (bearish/red)
decimal - Lower band only (bullish/green)
LowerBand values are provided to differentiate bullish vs bearish trends and to clearly demark trend reversal.
SuperTrend is the contiguous combination of both upper and lower line data.
See Utilities and helpers for more information.
This indicator is not chain-enabled and must be generated from
quotes. It cannot be used for further processing by other chain-enabled indicators.