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Adoptive Supertrend - Bands

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Another adoption of supertrend. This time based on different channels - Bollinger Band, Keltner Channel, Donchian Channel and Pivot point based Donchian channel.

When price hits top of bands, it is considered as start or continuation of uptrend. When price hits bottom of the band it is considered as start or continuation of downtrend. Hence, supertrend is drawn based on these calculations. Use ATR Periods and ATR Multiplier to create stops certain ATR away from band's top and bottom.


Other supertrend adoptions published are here:

Adoptive Supertrend - Pivots


Adoptive Supertrend - Multi Pivots


Pivot point based donchian channel is published here:

Donchian Channel - Pivot High-Low

Penafian

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