SuperThree

The SuperThree is a comprehensive technical indicator designed to identify and visualize market trends and counter-trend momentum.

View SuperThree on TradingView

SuperThree uses a unique color-coding system to represent different market conditions and potential trading opportunities:

• Uptrend (Green Fill): This is indicated by a green fill. An uptrend is a period where prices are increasing overall, indicating a bullish market. It’s an ideal time for traders to consider entering long positions or exiting short positions.

• Downtrend (Red Fill): This is represented by a red fill. A downtrend is a period where prices are decreasing overall, indicating a bearish market. Traders might consider entering short positions or exiting long positions during this phase.

• Sideways Trend (Blue Fill): This is shown by a blue fill. A sideways trend, also known as a horizontal trend, is when the price is relatively stable and not making significant upward or downward movements. It’s often a period of consolidation before the price moves up or down.

• Counter-Trend Momentum (Blue Arrows): Blue arrows indicate counter-trend momentum, which can be a signal to exit trades or look for potential trend reversals. These are crucial points where the market’s momentum is shifting and may be about to move in the opposite direction.

The SuperThree indicator is an enhancement of the Supertrend indicator, providing additional features and visual cues to help traders make informed decisions. However, like all indicators, it should be used in conjunction with other forms of analysis to confirm signals and avoid potential false positives.

How To Use SuperThree

In TradingView Charts:

• Open the chart of the desired asset on tradingview.com.
• Click Indicators on the top navigation bar.
• In the Search box, type SuperThree.
• Select the indicator with the author name AnishManissery.

In Algorithmic Code:

The PineScript code for SuperThree is available here. Detailed explanations of the calculations can be found here. The PineScript code can be readily adapted or converted into your preferred programming language.

Calculation

Detailed explanations of the calculations can be found here.

Sponsors

SuperThree is an MIT licensed open-source project that is completely free to use. Your contributions enable me to dedicate more time to enhancing the SuperThree indicator and developing new indicators, all of which will be released under the open-source MIT license and made available to everyone at no cost.

Sponsorships can be made via GitHub Sponsors or PayPal. Both monthly-recurring sponsorships and one-time donations are welcome. Sponsors will receive logo placements as outlined in the Sponsorship Tiers.