The SuperTrend Indicator in Python — Coding and Back-Testing Its Strategy
This rare gem is a trend-following indicator that can be used either as a trading system or as a way to place your stops. We will introduce the intuition of the SuperTrend indicator, code it in Python, back-test a few strategies, and present our conclusion. Of course, just like any other indicator, the SuperTrend can find its place within a bigger trading system but not take over the whole decision-making process.