Extrem SuperTrend

Category: trend, volatility

A trend-following indicator based on Average True Range (ATR) that dynamically adjusts trailing stops and identifies trend reversals using a median price baseline.

Formula

Median = (High + Low) / 2 \\\\ ATR\_Band = ATR(Period) * Multiplier \\\\ Upper\_Band = Median + ATR\_Band \\\\ Lower\_Band = Median - ATR\_Band \\\\ Stop\_Loss = \\text{max}(Lower\_Band, \\text{Prev\_Stop}) \\text{ if Long} \\\\ Stop\_Loss = \\text{min}(Upper\_Band, \\text{Prev\_Stop}) \\text{ if Short}

Inputs

• ATR_Period (default: 10)
• ATR_Multiplier (default: 3.0)

See signal primitives and every published strategy that uses Extrem SuperTrend on WOBR StrategyVerse.