SuperTrend Polyfactor Oscillator

The SuperTrend Polyfactor Oscillator reads trend agreement from a battery of 20 SuperTrends, each running a different factor. The price-to-SuperTrend differences form a mesh of bars whose colors brighten as the set aligns — a composite oscillator approach that polls many instances at once instead of trusting one setting. A consensus line and a standard-deviation area complete the picture.

How to Trade the SuperTrend Polyfactor Oscillator?

• Brighter mesh colors: stronger agreement among the 20 SuperTrend signals — conviction across the whole factor set.
• Consensus line color: the median of the price-SuperTrend differences plots blue for a bullish inclination, orange for a bearish one, mapping overall bias and potential reversals.
• Red bars against a bullish consensus: an early flag of retracement within the trend, and a strategic point for forethought.
• Consensus above the StDev area: the market is likely trending rather than ranging — useful confirmation for trend-following approaches.

Two normalization modes keep outputs manageable: Absolute Sum rescales elements into a (1, -1) range using the absolute sum of price differences across the set, while Max-Min applies min-max scaling (excluding the StDev area) into (0, 1) — convenient when comparing timeframes or feeding systematic models.

SuperTrend Polyfactor Oscillator Settings

• Length: the ATR length shared by every SuperTrend in the set.
• Starting Factor: the factor of the shortest-term SuperTrend.
• Increment: spacing between the factors of successive SuperTrends; higher values tilt the set toward long-term trends.
• Normalize: selects the normalization method that rescales the output.

Frequently Asked Questions

What does the consensus line represent?

It is the median of the differences between price and the SuperTrends aggregate. Blue readings say the set leans bullish, orange bearish, and color transitions often accompany shifts in overall market bias worth investigating.

How is this different from the SuperTrend Oscillator?

The SuperTrend Oscillator normalizes price's distance from a single SuperTrend, while the Polyfactor version aggregates twenty factor variations and measures their agreement — one grades a single instance, the other polls a committee.

How can I get the SuperTrend Polyfactor Oscillator?

Like every library release it is free to use — open it from this LuxAlgo Library page and it is yours, with no subscription attached.