What is this tool? This is an implementation of the well-known SuperTrend indicator that can adjust parameters on the fly to achieve a better profitability. The algorithm was borrowed from Profitable SuperTrend and connected to the basic SuperTrend implementation. So, now it will switch parameters automatically without any manual work required.
Alerts The same alerts as for the basic SuperTrend + special alert to notify user about parameters switching.
Profitable SuperTrend indicator can be found here:
SuperTrend indicator can be found here:
Good luck!
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Security update
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Optimization update
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Update
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Update
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Update
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Update
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Fixed bug with the SuperTrend calculation on doji candles
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Intermediate update
Pine Script V5
Now you can use "Any alert() function call" option for alerts