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