That one is an experiment
I was curious to see what a supertrend based on moving average cross could give
How does it work?
Bull event: fast moving average crossing overthe slow moving average
Bear event: fast moving average crossing underthe slow moving average
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = ohlc4+ ATR * Factor
DOWN Trend = ohlc4- ATR * Factor
Interesting to see the results given by ohlc4 vs hl2 and hl3
This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level.
Hope you'll enjoy it and it will improve your trading making you a better trader
Thanks for sharing your indicator i will do some testing with it.