SuperTrend with Chebyshev Filter Indicator

Posts: 4303 · #1 - May 19, 2023, 11:50:44 AM

SuperTrend with Chebyshev Filter

Summary:

This indicator is based on the classic Super Trend indicator. It includes a Chebyshev filter, which reduces false signals and improves overall signal quality. The Chebyshev filter is a powerful mathematical tool which produces smoother and more responsive signals without additional lag. The indicator helps identify market trends and potential entry & exit points. It displays simple colored trend lines. The SuperTrend with Chebyshev Filter indicator can be used as a filter for existing trading strategies or even as a standalone strategy.

Example:

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Linkback: https://www.forex.zone/tradingview-pine-script-indicators/41/supertrend-with-chebyshev-filter-indicator/4127/

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