BEST Supertrend MA

The BEST Supertrend MA indicator provides a trend-following framework that combines moving average crossovers with dynamic Supertrend volatility bands to identify momentum shifts and potential support/resistance levels.

Usage

The tool is primarily used to identify trend direction and potential entry/exit points through the interaction of two moving averages and a volatility-adjusted baseline. A bullish event is triggered when the fast moving average (MA1) crosses above the slow moving average (MA2), while a bearish event occurs when the fast moving average crosses below the slow.

Unlike a standard Supertrend that relies on price closing above or below a level, this version anchors its trend state to these MA crossovers. Traders can use the plotted Supertrend line as a dynamic trailing stop or a visual confirmation of the current trend regime. The use of ohlc4 for the calculation offers a more balanced perspective of the price action compared to using only the closing price.

Details

The indicator calculates a trend line based on the Average True Range (ATR) and a multiplier (Factor). When a bullish crossover is detected, the script plots a "Trend Up" level calculated as ohlc4 - ATR * Factor. Conversely, a bearish crossunder triggers a "Trend Down" level at ohlc4 + ATR * Factor.

The implementation allows for significant flexibility by offering 10 different moving average types, including:

• Simple Moving Average (SMA)
• Exponential Moving Average (EMA)
• Hull Moving Average (HullMA)
• Double and Triple Exponential Moving Averages (DEMA/TEMA)
• Volume Weighted Moving Average (VWMA)

Settings

• Source: The price source used for moving average calculations.
• Type of Moving Average 1 & 2: Selects the smoothing method (e.g., SMA, EMA, HullMA) for the fast and slow averages.
• Length of Moving Average 1 & 2: Sets the lookback period for the crossover detection.
• Factor: The multiplier used with the ATR to determine the distance of the Supertrend line from price.
• PD: The lookback period for the Average True Range (ATR) calculation.

FAQ

How do I interpret the triangle shapes on the chart? The up triangles represent a bullish crossover where the fast MA moves above the slow MA, while down triangles represent a bearish crossunder.

Can I change the sensitivity of the Supertrend line? Yes, by adjusting the "Factor" and "PD" settings, you can make the line more reactive to short-term volatility or more stable for long-term trends.

How can I access this tool? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.