SuperTrend M11

Supertrend M11

This is the predecessor to the Supertrend U11 (Universal), which allows you to calculate the stop line from median, mode and 27 other moving averages. The SuperTrend indicator is an application of the concept of MAE (maximum adverse excursion), which was introduced by John Sweeney in the mid-nineties.

Indicator Description

Please note that this is the predecessor to the Supertrend U11 (Universal), which allows you to calculate the stop line from median, mode and 27 other moving averages. The NinjaTrader SuperTrend indicator is a trailing stop and adjusts to both trading prices and volatility. When volatility is high, the trailing stop is further away from prices. Conversely, when volatility is low the trailing stop will move closer to prices. The concept is similar to the Chandelier Stop, however, the trailing distance for a long position is not calculated from the highest high, but from the median and the average true range of one bar ago. Both values are calculated for the last bar, because a trailing stop should not move for the current bar, when it is approached by price. Also the SuperTrend indicator does not need to recalculate the stop value with every incoming tick, which results in a low CPU load. Furthermore, the Supertrend indicator allows you to choose whether to switch the trend intra-bar, or at the bar close.

Breaking the stop line

When the stopline is broken, NinjaTrader SuperTrend indicator changes direction. There are two options for breaking the stop line: Intrabar or bar close above/below the stop line. The bar close option has chosen as default setting to avoids whipsaws.

Finally, the SuperTrend indicator may also be used as a trend filter. The trend can be shown via paint bars and is exposed as a public property, accessible via automated strategies or other indicators. However, NinjaTrader SuperTrend indicator should not be used for entry timing as the signals are typically delayed.

Other Library Indicators

Other than the SuperTrend M11 the following indicators are available from the trailing stop loss category: ATR Trailing Stop, Chande Kroll Stop, Chandelier Stop, Deviation Stop, HiLo Activator, SuperTrend U11 and the Wilders Volatility Stop

The NinjaTrader SuperTrend indicator is available for NinjaTrader 8. Our Indicator Spotlight newsletter also discussed the ATR Trailing Stop and the Wilder Volatility Stop