Requesting for the name of this indicator :

Arman 2022.02.21 15:39

Hi Everyone , Has anyone seen indicator shown in the image below ?
If someone has an idea about the name of this indicator I will highly appreciate if you could share the name.

Thank you

forex8008 2022.02.21 15:52 #1

Name of this indicator is Supertrend

Arman 2022.02.21 15:59 #2

forex8008 #:
Name of this indicator is Supertrend

I was thinking the same thing at first , but it seems a bit different because there are 2 lines and this indicator seems to have more space between the indicator lines and candles (unlike the supper trend indicator)

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William Roeder 2022.02.21 16:28 #3

Arman #: I was thinking the same thing at first , but it seems a bit different because there are 2 lines and this indicator seems to have more space between the indicator lines and candles (unlike the supper trend indicator)

Two lines could simply be the same indicator applied twice (different parameters).
There are many chandelier type indicators.

Arman 2022.02.21 16:48 #4

William Roeder #:

Two lines could simply be the same indicator applied twice (different parameters).
There are many chandelier type indicators.

@ William Roeder I agree that Having 2 lines means the indicator could have been placed twice, At first I thought of the same possibility , I cross checked this against the Chandelier Stops , Volatility Atr smoothed Stops , and also against the supper trend indicator....But I dont think it is possible to have One lines Start and and End at the same candle as the other line , because from what I have seen in chandelier , volatility and supper trend type indicators is that in those indicators atr plays somewhat major part , however changing the indicator period or atr value , you cant have one line to start and finish at the same candle as the other line while keeping the vertical space between the two lines ?

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