In an uptrend, it would subtract the result from the highest high and plot blue dashed line. The Non-Repainting SuperTrend indicator simply multiplies an underlying ATR with the multiplier. How the Non-Repainting SuperTrend Indicator Works?
The difference is that this version of the SuperTrend indicator does not repaint making it less susceptible to false signals. The Non-Repainting SuperTrend indicator is based on the same concept. It also simplifies the process of identifying a trend reversal based on this concept by plotting a line opposite the direction of the trend which represents the level that price should reach before the market would be considered to have reversed. SuperTrend indicators are based on this concept. For example, a trader may consider a reversal if price would move against the direction of the current trend by more than three times the current ATR. In this concept, traders would consider a market reversal if price has reversed against a prior trend by an amount which is more than a predetermined multiple of the ATR. One method traders use to identify trend reversals is with the use of the Average True Range (ATR). What is the Non-Repainting SuperTrend Indicator? The Non-Repainting SuperTrend indicator is one of the most effective trend following indicator that traders can use to simplify their trading process.
Trading the successfully involves understanding trends and trend direction. Introduction to the Non-Repainting SuperTrend Indicator
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