Supertrend Oscillator

🇺🇸 English
SuperTrend Oscillator is a high-performance hybrid tool that merges the classic SuperTrend algorithm with the momentum analysis of a MACD-style oscillator. By moving the SuperTrend logic into a separate indicator window, it provides a cleaner view of trend strength and potential exhaustion points.

Key Features:
Hybrid Logic: The indicator calculates the distance between price and the SuperTrend line, applying double EMA smoothing for a noise-free experience.

4-Color Histogram: Advanced color coding (Teal, Lime, Red, Orange) visualizes the relationship between the Oscillator and its Signal line, identifying bullish/bearish momentum shifts.

Dual Signal Icons:

Crosses (+): Mark price breakouts above or below the SuperTrend level.

Circles (o): Indicate Zero-Line crossovers, perfect for identifying early trend shifts.

Versatility: Works on all symbols and timeframes with fully adjustable ATR and EMA parameters.

Best for: Trend-following strategies and traders looking for a visual confirmation of trend exhaustion and breakouts.
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