Super Trend Indicator

Creator: Olivier Seban

• Period: 10
• Multiplier: 3

The Super Trend indicator is one of the most popular trend following indicators.

Similar to a Moving Average, the Super Trend indicates the strength of a trend. The key feature of the Super Trend indicator is that it takes volatility into account while displaying the trend. As a result, it is a smoother and more effective trend following indicator.

The Super Trend line rises when the trend is strong and falls when the trend is weak. When volatility is high, it flattens out.

A price above the Super Trend line indicates a strong bullish trend, whereas a price below the Super Trend line indicates a strong bearish trend.

Click here to learn more about the Super Trend indicator.

The indicator table value in TradePoint & RZone also provides you with a list of all values of this indicator for any group of stocks. This will allow you to compare the readings of this indicator across different stocks.

This indicator is also available in the System Builder on RZone & TradePoint for all charting methods. Using the system builder, you can develop various strategies based on the different conditions already present in this indicator. Additionally, it can be used with other indicators or price patterns to develop effective trading strategies. For any group of stocks and market segments, you can scan and backtest stocks based on those strategies.

The indicator is applicable to all types of charting. It is calculated based on the number of columns on P&F charts, bricks on Renko charts, lines on Line-break charts, candles on Heikin-Ashi charts, and lines on Kagi charts. While the formula and reading of the indicators remain the same, they become more dynamic on these charts.