Express - SuperTrend indicator
Posted: 15 Feb 2013 10:29
Dear Traders,
The express indicator attached provides the code for the popular SuperTrend indicator.
The main idea is to use the smoothed Average True Range in a trailing
manner, i.e., in an uptrend the SuperTrend value can only increase, in a
downtrend the SuperTrend value can only decrease.
Whenever the closing price of a period crosses the SuperTrend, a trend
reversal is established.
How to do it?
Upload the express indicator in the Express folder*, refresh the workspace bar.
* Depending on your version of Windows, the Express folder is located at:
My Documents\WHS FutureStation Nano\Express
or
C:\Program Files\Fipertec\WHS FutureStation Nano\Express
Have fun!
WH SELFINVEST
The express indicator attached provides the code for the popular SuperTrend indicator.
The main idea is to use the smoothed Average True Range in a trailing
manner, i.e., in an uptrend the SuperTrend value can only increase, in a
downtrend the SuperTrend value can only decrease.
Whenever the closing price of a period crosses the SuperTrend, a trend
reversal is established.
How to do it?
Upload the express indicator in the Express folder*, refresh the workspace bar.
* Depending on your version of Windows, the Express folder is located at:
My Documents\WHS FutureStation Nano\Express
or
C:\Program Files\Fipertec\WHS FutureStation Nano\Express
Have fun!
WH SELFINVEST