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Adaptive Increment SuperTrend

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The Adaptive Increment Supertrend a perpetual Trend Following indicator that aims to give faster & more reliable signals relative to the popular TradingView in-built SuperTrend.

Here is a quick visual representation of that difference, and why the AI SuperTrend is a superior version of the classical SuperTrend:
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How does the indicator work?
The Adaptive Increment SuperTrend works like so:

1. Find the MA value (this can be WMA, SMA, HMA...)
- This will be the base of the indicator

2. Use For Loop function for finding out the "Boost" Values
- This will be used for figuring out the band distance

3. Find the MATR Value:
- Calculate the ATR and then find the median of it over X period

4. Calculate Lower and Upper Bands

And BOOM! The AI SuperTrend has come to life!

Plotting
The indicator plots a glowing line that will represent the value the candle would have to cross in order to trigger a trend reversel.
The line is than colored where
Bright Green Color => Uptrend
Bright Red Color => Downtrend

Watch out that this indicator is not perfect and investing uppon the data it provides can cause losses of capital

I hope you all will find some good use of this indicator, and wish you all the best of luck!

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.