Supertrend
Supertrend: an ATR-based trailing band under price in an uptrend and above it in a downtrend, flipping when the close breaks it.
How to read it
- Green band under price: uptrend; red band above price: downtrend.
- A flip of the band marks a trend change and is often used as a trailing stop.
- In sideways markets it flips frequently.
Key settings
- ATR period 10, factor 3.
- Trend fill opacity (shade between the line and the bar middle).
Good to know
- Drawn on the price pane, over the candles.