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I'm trying to implement the Supertrend indicator. Unfortunately, I can't calculate the values ​​that my chart software generates. At the moment, I don't fully understand my problem.

You can add the Average True Range and Supertrend indicators here and look at the stock prices, but the values ​​don't add up (Chart ).

The formula to calculate the Supertrend should be:

if Close > (H + L) / 2:

(H + L) / 2 + M * ATR

else:

(H + L) / 2 - M * ATR

For example values to calculate the supertrend provided by the charting software would be:

Date Open High Low Close Supertrend ATR
01.05.22 13996.82 14589.45 13380.67 14388.35 13834.08 1226.26
01.06.22 14478.37 14709.38 12618.68 12783.77 16180.90 1312.71

With the formula I would calculate 16437.58 (instead of 13834.08) and 11038.61 (instead of 16180.90). Can anyone help?

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    $\begingroup$ What source/reference material are you using for Supertrend? I tried to use quantifiedstrategies.com/supertrend-indicator-trading-strategy but TBH I was not completely able to reproduce the published results either. (Maybe U and I should compare our work so far). $\endgroup$ Commented Jul 22, 2024 at 16:07
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    $\begingroup$ For example: investopedia.com/supertrend-indicator-7976167 There are much more tutorials. One reference suggests a different calculation if the close price is above or under the base price (= (high + low) / 2). If the close price is higher than the base price, we must calculate: (high + low) / 2 + 2 * ATR; if the close price is lower than the base price, we must calculate (high + low) / 2 - 2 * ATR. My attempt in LibreOffice Calc with C2 = High D2 = Low E2 = Close F2 = ATR P2 = 2 is =IF( E2 > (C2+D2) / 2 ; (C2 + D2) / 2 + $P$2 * F2; (C2 + D2) / 2 - $P$2 * F2) $\endgroup$ Commented Jul 22, 2024 at 21:37

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