Supertrend Volume augments the Supertrend indicator with volume confirmation.
Rising volume during a Supertrend flip strengthens the likelihood of a new impulse move.
The strategy enters with the trend on a Supertrend signal only when accompanied by above-average volume.
Stops track the Supertrend line, exiting when price closes on the other side.
- Entry Criteria: indicator signal
- Long/Short: Both
- Exit Criteria: stop-loss or opposite signal
- Stops: Yes, percent based
- Default Values:
- CandleType = 15 minute
- StopLoss = 2%
- Filters:
- Category: Trend following
- Direction: Both
- Indicators: Supertrend, Volume
- Stops: Yes
- Complexity: Intermediate
- Timeframe: Intraday
- Seasonality: No
- Neural networks: No
- Divergence: No
- Risk level: Medium