Adaptive SuperTrend

[lgarcia3]

eDanny, you need to set it between 0 and 1, I think the default is 0.5. That is actually a percentage of the cycle period (0.5 is 50%, 0.2 is 20% and so on). I think for one minute bars you need to set it at .1 or so.
Elliot, I will check to see if there is something in the code.

[eDanny]

Its not plotting for me, anyone else getting it to work?

I just read this and imported it. I get a plot but it is so high it was almost off the chart. Ten points above current price on 1 min ES chart.

[Elliott Wave]

Its not plotting for me, anyone else getting it to work?

[lgarcia3]

By the way, you can change the period's setting and get it to be more volatile if you want to take advantage of the changes in price...

[Elliott Wave]

Thanks, looks interesting.

[lgarcia3]

Hello,
I saw a long discussion about SuperTrend. I thought the indicator was good, but still had a few whipsaw trades. So, I think this should clean it up a little. The concept of SuperTrend is based on checking how volatile the price is at some point. What I did was to check how large the period of the trend is and get a nice indicator with less whipsaw trades. In the shot you can see ES, 15-minute, with SuperTrend in its default settings and the adaptive version. The regular supertrend signals 7 different trades, while the adaptive version only one trade.
Hope that improves it a little.
Have fun!