Simple index

This script is a Supertrend indicator with enhanced features, designed to provide clear trend signals using ATR-based calculations. It separates positive and negative ATR components and applies a fixed EMA smoothing. The multiplier and delayed/sticky mode are fixed to ensure consistent signals across all users.

🔹 Key Features

Uses fixed EMA for ATR smoothing.

Separately calculates positive and negative ATR for improved trend detection.

All Supertrend parameters are fixed, ensuring identical signals for all users.

Plots Supertrend line (red/green) and direction data for easy visual reference.

🔹 How It Works

Computes ATR separately for bullish and bearish periods.

Applies fixed EMA smoothing.

Calculates dynamic buy/sell stops to signal trend changes.

🔹 Usage / Trade Guidance

Red Supertrend line → Consider entering long (buy) positions.

Green Supertrend line → Consider entering short (sell) positions.

Works best on multiple timeframes; suitable for swing trading, position trading, or as a filter for intraday setups.

🔹 Advantages

Separates positive and negative ATR contributions to reduce false signals.

Fixed parameters ensure consistent signals across all users.

Includes built-in alert conditions for bullish/bearish trend changes.