Variable SuperTrend - evo
Played around with Lazy Bear's VMA
![Variable Moving Average [LazyBear]](https://static.tradingview.com/static/images/svg/idea-image-placeholder.svg)
and Gunazzi's SuperTrend Cloud
.
It plots an uptrend if the low of a candle gets above the recent downtrend and plots a downtrend if the high of a candle gets below the recent uptrend, you have to wait for the candle to close to confirm the actual trend change.
I use it to give me a direction for longs or shorts, not as a stop/reverse indicator.
Thanks Lazy Bear and Gunazzi :)
![Variable Moving Average [LazyBear]](https://s3.tradingview.com/6/6Ix0E5Yr_big.png)
It plots an uptrend if the low of a candle gets above the recent downtrend and plots a downtrend if the high of a candle gets below the recent uptrend, you have to wait for the candle to close to confirm the actual trend change.
I use it to give me a direction for longs or shorts, not as a stop/reverse indicator.
Thanks Lazy Bear and Gunazzi :)
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UPDATE
- Added % Gain/Loss as requested in comments
- Added % Gain/Loss as requested in comments