S-C-July-2023-Traders-Tips-SuperTrend-Indicator

It's the same, just plotted as Dots. And as our Tip says, there's more so you can experiment with other variants.

https://traders.com/documentation/feedbk_docs/2023/07/TradersTips.html#item3

How is SuperTrend and MTSuperTrend different? And what's cciPeriod about? See below. I can't seem to find the documentation for it.

CODE:
MTSuperTrend(BarHistory source, int cciPeriod, double atrMultiple, int atrPeriod);

It's been ages since this thing was ported from WL4 so hardly anybody knows. The best you can do is search for "SuperTrend indicator" or "SuperTrend Olivier Seban".

QUOTE:
search for "SuperTrend indicator"

Searching for "SuperTrend indicator CCI" works best. The Commonity Channel Indicator (CCI) attempts to identify bullish or bearish trends independent of SuperTrend to give a second opinion. An illustration is given on https://www.tradingview.com/script/sT01CTxB-BEST-Supertrend-CCI/

I'm not sure how WL combined MTSuperTrend indicator works with CCI since we don't have code for it.

The code has most likely been published as an attachment in the legacy product's Wiki:
http://www2.wealth-lab.com/WL5WIKI/MainPage2.ashx

QUOTE:
It's the same

They are not the same as compared to the Ninja Trader and Tradestation TASC SuperTrend Indicators with same 10,3 settings. There are differences where the price candles cross the indicator. See red arrows in images below.

QUOTE:
The code has most likely been published as an attachment in the legacy product's Wiki:

I searched http://www2.wealth-lab.com/WL5WIKI/AllPages.aspx?Cat=TASC%20Traders%20Tips and can't find it. I need a better clue.

http://www2.wealth-lab.com/WL5WIKI/TASCIndicatorsMain.ashx

QUOTE:
They are not the same as compared to the Ninja Trader and Tradestation TASC SuperTrend Indicators with same 10,3 settings.

Looked into it and TradeStation's code keys off the MedianPrice while our ST version is based on the High/Low prices to determine the values. That's how it's been historically. Apparently when creating the WL6 version we were pointed at a source which adhered to this convention.

But since most platforms seem to agree on the usage of (H+L)/2 we could make this breaking change.

http://www2.wealth-lab.com/WL5WIKI/TASCIndicatorsMain.ashx

I already have the TASC library for WL6. Can you please tell me which *.cs file is the SuperTrend indicator? I'm having trouble finding it. Perhaps it's under a different name.

Also, WL6 doesn't have a SuperTrend indicator anywhere that I can find.

It's in Community Indicators: http://www2.wealth-lab.com/WL5WIKI/CommunityIndicatorsMain.ashx

QUOTE:
It's in Community Indicators

I found it. There's a CMCSuperTrend and a MTSuperTrendSeries. I'm assuming the first one is simply called "SuperTrend" on WL8.

www.moneyfed.com (the source) doesn't answer. Oh well.

QUOTE:
But since most platforms seem to agree on the usage of (H+L)/2 we could make this breaking change.

Thank you. Technically it should match the TASC formula. Please keep the default WL Super Trend indicator as well as it would be interesting to compare both indicator performances.

As a rule, we adhere to the original formula as close as possible. The SuperTrend so far been a deviation from this rule, needs to be fixed. If possible I'll try to expose an option for the price choice.