SuperTrend (Custom)

The SuperTrend indicator is a volatility-based trend-following tool. It uses the Average True Range (ATR) to gauge market volatility and combines it with a user-defined multiplier to calculate dynamic support and resistance levels. When the price closes above the SuperTrend line, the line turns green to signal an uptrend; if the price closes below, the line turns red to indicate a downtrend. By adjusting the ATR period and multiplier, traders can fine-tune the indicator’s sensitivity—shorter periods and smaller multipliers produce tighter trailing stops, while longer periods and larger multipliers yield wider stops to accommodate volatile markets.