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: User Inputs:
- Source
- Mean Length
- Mean Ripple
- True/False to use Chebyshev or not
- ATR Length
- Multiplier
Availability:Linkback: https://www.forex.zone/tradingview-pine-script-indicators/41/supertrend-with-chebyshev-filter-indicator/4127/