MA Candles - Supertrend

٢٧ فبراير ٢٠٢١

Converting strategy to indicator for those who want to use it as indicator.

Concepts are simple:

• Calculate moving average of High, Low, Open and Close and make candles of them
  
• Calculate ATR and derive supertrend on the moving average candles.
  

Alerts:

• Bullish Crossover - When supertrend turns green
  
• Bearish Crossover - When supertrend turns red
  
• Bullish Pullback - Supertrend is green but close crossed below Moving average high
  
• Bearish Pullback - Supertrend is red but close crossed above Moving average low
  

Original strategy is present here: