SuperTrend & Pivots

Category: trend, market_structure

A combined technical indicator providing trend direction via SuperTrend and key support/resistance levels via Daily Traditional Pivot Points.

Formula

SuperTrend: \text{ta.supertrend}(3.0, 10) \\
Pivot: P = \frac{H_{prev} + L_{prev} + C_{prev}}{3} \\
R1 = 2P - L_{prev} \\
S1 = 2P - H_{prev} \\
R2 = P + (H_{prev} - L_{prev}) \\
S2 = P - (H_{prev} - L_{prev})

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