Supertrend Indicator

Discussion in 'Technical Analysis' started by John9999, Aug 16, 2018.

  1. Turveyd

    Turveyd

    Added the PSAR to my setup, played around with settings, thought it might be an addition, but doesn't really work, fast settings it chops around too much, slow setting the exit point quickly becomes a long way away, my method works by tight exits and good odds on continuation only.

    Other than BB's, PSAR is the only indicator I keep occasionally going back to I trade via SMA and Envelopes only.
     
    #11     Aug 17, 2018
  2. bone

    bone

    I’m personally suspect of anything with the moniker “super”.
     
    #12     Aug 17, 2018
  3. IAlwaysWin

    IAlwaysWin

    Absolute junk
     
    #13     Aug 19, 2018
  4. schweiz

    schweiz

    So all the following things are suspicuous for you:
    • Super partner
    • Super job
    • Super kids
    • Super car
    • Super life
    • Super friends
    • Super holidays
    • etc...
    I think you have a mediocre life. But as you don’t like "super" you probably are happy with it.
    You should think before using oneliners. Oneliners sound always good... until you start to think...

    Even without the word "super" things can be suspicious.
     
    #14     Aug 19, 2018
    murray t turtle likes this.
  5. bone

    bone

    Super post.
     
    #15     Aug 19, 2018
    murray t turtle and schweiz like this.
  6. hilmy83

    hilmy83

    I'm looking through some volatility based indicators and one of them is supertrend. Found this thread and decided to comment on it lol

    Based on the screenshot, I can tell the formula used in this indicator is wrong. Supertrend is usually calculated as

    avg +/- atr(factor)
    usually avg = (h+l)/2

    the uptrend/downtrend gets updated ONLY when the average of price has moved in direction of the trend.

    SO in this case i marked the black dots where the uptrend should've been updated. The rest of the time, uptrend should've stayed flat.

    But in this pic you see it just keeps getting closer to price which I think it's a wrong rendition of this indicator.

    upload_2023-2-23_8-23-27.png

    This is what it's supposed to do when price retraces

    upload_2023-2-23_8-34-28.png

    Usually I like longer atr period and also bigger factor constant since you want to take into account sideways market. Since I don't believe in ideal entries, it's fine to have a scale in within the trend as long as you don't overdo it.

    Imagine someone looks at an indicator that's programmed incorrecly and never bothered looking into it cause they think it's crap. Opportunity to learn lost forever..
     
    #16     Feb 23, 2023
    Darc likes this.
  7. maxinger

    maxinger

    $BABA : Game over... back to the rescue.


    SUPERTREND INDICATOR vs
    MAGICAL MIRACLE INDICATOR

    who will win ?!?!???!

    Anyway, both OPs have disappeared from the face of the earth.

    Only Superman can help save the earth.
     
    Last edited: Feb 23, 2023
    #17     Feb 23, 2023
  8. maxinger

    maxinger

    upload_2023-2-23_22-46-11.jpeg
    [​IMG]

    SUPERMAN TO THE RESCUE !!!!!!
     
    #18     Feb 23, 2023
    murray t turtle likes this.
  9. hilmy83

    hilmy83

    Are you on crack this morning Mr. commenting after the fact price action?
     
    #19     Feb 23, 2023
  10. maxinger

    maxinger

    upload_2023-2-23_23-11-43.jpeg

    Time for the Ultraman to fight evil.
     
    #20     Feb 23, 2023
    hilmy83 likes this.