SuperTrend Dot Indicator for Detecting Trend Direction Changes

Summary

This brief description presents a modified SuperTrend indicator, based on Olivier Seban's well-known trend tool. It replaces plotted lines with dots, which the author says makes a one-bar change in direction visible when that change would otherwise be hidden. The indicator is characterized as a trend detector rather than a complete trading strategy.

It has two inputs: a calculation period and a multiplier that weights the average true range. The description does not provide entry or exit rules, parameter guidance, asset-specific recommendations, or performance testing. It therefore explains the indicator's plotting modification and inputs but gives no evidence that the visual change improves trading results. Traders would need to define their own signal use and evaluate it with appropriate data and risk controls.

Key ideas

• The indicator modifies SuperTrend by plotting dots in place of lines.
• The dot display is intended to reveal a one-bar direction change.
• Its inputs are a calculation period and an ATR weight multiplier.
• The description presents it as a trend detector, not a complete strategy.
• No parameter guidance or performance evidence is provided.

Tags

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