Superalgos - Double Super Trend

Double Super Trend

Summary: Identifies market trends comparing two different Supertrend

Double Super Trend

Double Supertrend makes use of two classic Supertrend indicator. Explanation of what is a Supertrend indicator can be found under Zeus - Supertrend Indicator.

Users can set up two different Supertrend using different parameters both for lenght and for factor. Usually the cross between two Supertrends can be used to signal and entry/exit from the market.

Double Super Trend Products & Properties

There are ten properties available, five for the first Supertrend and five for the secon one.

trendFirst, uptrendFirst, downtrendFirst, atrNPeriodFirst, trueRangeFirst

trendSecond, uptrendSecond, downtrendSecond, atrNPeriodSecond, trueRangeSecond

Standard output for the trend property is:

Trend value is 1 if in an uptrend and -1 if in a downtrend.

Examples:

Basic strategies can be built using the value of the trend or checking for crosses between the two Supertrends:

chart.at03min.doubleSuperTrend.trendFirst =='1'

chart.at03min.doubleSuperTrend.trendSecond =='1'

An uptrend market is identified.

Zeus Data Mine — TOC

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1. Zeus By @9808us

2. Directional Movement Index (DMI) - Zeus Indicator

3. Donchian Channel - Zeus Indicator

4. Ichimoku Cloud - Zeus Indicator

5. Wave Trend - Zeus Indicator

6. Super Trend - Zeus Indicator

7. Squeeze Momentum

8. Aroon

9. RSI and StochRSI

10. Double Super Trend

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