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The Supertrend indicator is a very versatile and and accurate trend detection system. It can also be used an an reversal indicator. Therefor you can use it either as entry or as an exit signal. Depending on your settings it is also good for trend confirmation. This version is slightly enhanced from the original version from mladen. The Supertrend of Averages Histogram Version contains: 11 different price options Averaging period 18 different averaging types ATR period and ATR multiplier Shows
Shows various helpful informations lik: ATR (in Pips) Spread (in Pips) Spread in percent of ATR (very helpful when your SL/TP is based on ATR Time left to next candle period Change in percent of last X candles (configurable) Spread warning, when its higher then 1/3 of the ATR Next-candle warning, when it appears shortly (2.5% of period) Please follow me on Twitter https://twitter.com/semager and stay up to date with the newest Indicators and EAs
The Oscar, one of my favorite indicators. This is my enhanced Version of it with more options and better visuals. Many different averaging methods Oscar changes color on signal cross, but not too volatile (3% extra threshold) Adaptable Divisor, higher numbers lead to more signals, due to higher fluctuations. Its a fast but quite accurate trend direction indicator. Play around with the settings and make it match to your setup. GL trading Please follow me on Twitter https://twitter.com/semager and