Supertrend
The Supertrend indicator is a dynamic trend-following tool designed to identify the prevailing market trend. It overlays the price chart as a line that shifts between being positioned above or below the price, based on price action and volatility. This indicator is commonly used to determine potential entry and exit points, with its color or position indicating bullish or bearish conditions.
| Parameter | Description | Default Value |
|---|---|---|
| Multiplier | A factor applied to set the distance between the Supertrend line and the price. | 3 |
| Window | Number of periods for the indicator | 10 |