Author:
The SuperTrend indicator, known as SuperTrend.mq4, was developed by Jason Robinson (jnrtrading) and can be found on the Forex forum.
So, what’s the scoop on the Kolier SuperTrend Indicator?
- It keeps the same core logic but optimizes the code, allowing for a full chart display while consuming fewer resources.
- TrendMode: Set to 0 for the original trend line logic, or switch to 1 for the new approach.
Here’s how the different TrendModes look:
TrendMode=0
TrendMode=1
Key Parameters:
- BarsToCount: Defines how many bars the trend line should cover.
- TrendMode: Set to 0 for the original trend logic and 1 for the new logic.
- ATR_Period: Settings for the Average True Range (ATR) period.
- ATR_Multiplier: Used to calculate the upper and lower bands as ATR Range = Multiplier * ATR.
Updates and Issues:
For the latest updates, check out the project page here.
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