Support Board
Date/Time: Tue, 18 Mar 2025 16:50:48 +0000
Post From: Sierrachart add moving average and supertrend studies
| [2022-03-13 07:55:11] |
| SC Support Tom - Posts: 450 |
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I have been researching this, and have found various conflicting formulas for the SuperTrend. The formulas for the Basic Upper and Lower Bands given in Post #6 are universally agreed upon. The conflict comes after that. I will give two examples. 1) This site gives formulas for calculating Basic Upper and Lower Bands in Step 1, Final Upper and Lower Bands in Step 2, and the SuperTrend in Step 3. https://www.tradinformed.com/calculate-supertrend-indicator-using-excel/ 2) This site does not even bother with Final Upper and Lower Bands. The SuperTrend is computed directly from the Basic Upper and Lower Bands. https://usethinkscript.com/threads/supertrend-indicator-by-mobius-for-thinkorswim.7/ I have no way of knowing which, if either, of these sites is correct. Ordinarily I would dig up the original, authoritative source and go with that. But the SuperTrend Indicator was invented by the French trader Olivier Seban, and unfortunately all of his books are only available in French. Since I do not speak French, going to a primary source is out. I need for someone knowledgeable to tell me what the correct formula is before I can finish this. Date Time Of Last Edit: 2022-03-13 12:20:42
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