Dual SuperTrend Indicator with Fast and Slow ATR Settings

Summary

This document describes an indicator that plots two SuperTrend calculations on one chart. Each uses an ATR period and multiplier, with separate fast and slow settings; the defaults use the same ATR period but different multipliers. The trend state changes when price crosses the trailing band, producing directional lines and buy or sell labels. Users can choose the input price source, ATR calculation method, line and shading visibility, and label display.

The source also submits long or short strategy entries when the slower calculation changes direction, although the document offers no analysis of those trading rules or performance. A brief published backtest configuration references BTC/USDT futures on one-minute bars for several days, but gives no outcome statistics. The indicator therefore serves primarily as a configurable visual trend tool; the document does not establish that its signals are profitable or explain risk controls, position sizing, or transaction costs.

Key ideas

• The indicator overlays two SuperTrend calculations with separate ATR multipliers and periods.
• Each SuperTrend updates its directional state when price crosses a trailing ATR-based band.
• Users can adjust the source price, ATR method, display options, and signal labels.
• The embedded strategy enters on direction changes from the second calculation, but no performance results are reported.
• The short published backtest configuration provides no evidence of profitability or risk-adjusted performance.

Tags

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