ATR-Based SuperTrend with Alternative Smoothing and Reversal Alerts

Summary

ASQ SuperTrend is described as an ATR-based trend-following indicator for MetaTrader 5. It draws a changing line around price, uses color to indicate bullish or bearish direction, and marks trend reversals with arrows. The line can be used to track a trend or as a trailing stop, while reversal arrows are presented as possible entry cues. Alerts are available through popup, sound, email, and push notifications, and are said to trigger only after a bar closes.

The indicator offers Wilder smoothing, a simple moving average, or an exponential moving average for calculating true range averages; each is described as producing a different balance of responsiveness and smoothness. A dashboard reports trend state, line level, distance from price, trend duration and strength, recent reversal count, settings, and current ATR. The document describes band-locking logic intended to prevent false reversals and says signals do not repaint on completed bars. It gives no comparative tests, profitability evidence, or guidance for setting risk, so the indicator’s usefulness across instruments and timeframes remains unverified.

Key ideas

• The indicator uses ATR bands to display trend direction and mark reversals.
• Users can choose Wilder, simple moving average, or exponential moving average smoothing for true range.
• The dashboard summarizes trend state, distance to the line, duration, strength, and reversal frequency.
• The line is proposed as a trailing stop, while arrows mark potential entries.
• The document gives implementation features but no evidence of profitability or comparative performance.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.