Overlays several SuperTrend-style trailing stop lines on the price chart, each built from an ATR period, ATR multiplier and source, with a choice of using wicks or closes.
Lines are green while the direction is up and red while it is down, with a flip when price crosses the opposite stop. A second timeframe input is provided for higher timeframe analysis. It draws on the main chart and provides no separate order logic.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
ST1 ATR Period
int
12
st1_length
ST1 ATR Multiplier
float
3.0
st1_mult
Take supertrend1 wicks into account ?
bool
true
st1_wicks
ST2 ATR Period
int
10
st2_length
ST2 ATR Multiplier
float
1
st2_mult
Take supertrend2 wicks into account ?
bool
true
st2_wicks
ST3 ATR Period
int
11
st3_length
ST3 ATR Multiplier
float
2.0
st3_mult
Take supertrend3 wicks into account ?
bool
true
st3_wicks
Second timeframe for analyze
int
60
second_timeframe
St1
source
hl2
src
St2
source
hl2
src2
Show all 13 settings
Setting
Type
Default
Variable
St3
source
hl2
src3
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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