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Patternsmart – SuperTrend Indicator
SuperTrend Indicator is good to identify the trend of current market.
It uses Average True Range (ATR) and median price to calculate the upper and lower trend line.
It provides signals whenever the price breakout the current trend line.
With this Thinkorswim version of SuperTrend Indicator, you have the following adjustable parameters:
- Highlight color of bars, it makes easier to identify the current trend.
- Length: used to calculate the Average True Range (ATR)
- multiplier: the Coefficient value to adjust the offset from the Mid-Price
- median length: used to calculate the median price.
- Nearby ratio: a unique feature which is only available in this version. It plots arrows as alert whenever the price nearby the trend line. It shows possible breakout or pullback with a given ratio.
- Alert: This is used to turn on/off the nearby ratio.
It works on all time frame(Tick, Minutes, Daily, Weekly, Monthly) and all markets(Stocks, Futures, Forex, Options, ETF, etc.)
Since there already are many explanation and details about this indicator, we don’t repeat it here.
The file will be sent to your email after the payment is cleared.
Want to learn about Forex?
Foreign exchange, or forex, is the conversion of one country’s currency into another.
In a free economy, a country’s currency is valued according to the laws of supply and demand.
In other words, a currency’s value can be pegged to another country’s currency, such as the U.S. dollar, or even to a basket of currencies.
A country’s currency value may also be set by the country’s government.
However, most countries float their currencies freely against those of other countries, which keeps them in constant fluctuation.
Only today, Patternsmart – SuperTrend Indicator – Price $45. You will be supported lifetime.
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