Lin Supertrend

Description

The Lin Supertrend is an advanced version of the traditional Supertrend indicator, featuring enhanced functionalities and improved performance for traders seeking to optimize their trading strategies. This sample Amibroker AFL code introduces two significant upgrades compared to Supertrend 3.0, making it a valuable tool for both novice and experienced traders.

Key Features:

• EMA Filter Rule: A simple Exponential Moving Average (EMA) filter has been integrated into the buy and short conditions. This addition allows traders to refine their entry and exit signals, improving the accuracy of trades by filtering out false signals that may occur during sideways market conditions.
• Enhanced Dashboard: The Lin Supertrend includes an upgraded dashboard that displays target levels specifically tailored for discrete traders. This feature provides a comprehensive overview of potential profit targets, allowing for more informed trading decisions and better risk management.
• Robust Backtesting Performance: The performance of this trading system has been rigorously backtested with Nifty and Bank Nifty Futures, showcasing impressive results. Traders can rely on the statistical validity of the strategy when applied to these major indices.