True Range Smoothed SuperTrend

True Range Smoothed SuperTrend (TRS SuperTrend | MisinkoMaster)

The True Range Smoothed SuperTrend is an innovative trend analysis indicator designed to identify clear market trends while minimizing noise. By combining a smoothed price source weighted by true range values with an ATR-based volatility multiplier, this tool delivers reliable trend signals adaptable to a wide variety of asset classes and timeframes.

It’s particularly useful for traders seeking a versatile trend-following system that balances sensitivity and stability.

🔍 Concept & Idea

The indicator enhances the classic SuperTrend concept by using a true range–weighted smoothing of price data instead of raw price or simple moving averages. This weighting helps focus on periods with higher volatility, improving the relevance of trend detection.

Along with smoothing, the indicator applies an ATR-based volatility multiplier to dynamically adjust the upper and lower trend bands, adapting to current market volatility conditions.

⚙️ How It Works

True Range Weighted Smoothing:

The source price (default: low) is multiplied by the true range values over the lookback period.

These weighted values are summed and normalized by the total true range sum.

The result is further smoothed using an Exponential Moving Average (EMA) with a length proportional to the square root of the input length, reducing noise while preserving trend responsiveness.

ATR-based Bands:

The Average True Range (ATR) is calculated with the same length as the smoothing period.

The ATR is multiplied by a user-defined multiplier to establish dynamic upper and lower bands around the smoothed price.

Trend Determination:

When the source price crosses above the upper band, a bullish trend is signaled.

Conversely, crossing below the lower band signals a bearish trend.

These crossings update the trend state, which controls plotted bands and trend labels.

🧩 Inputs Overview

Length – Controls the lookback period for true range weighting, ATR calculation, and smoothing. Affects sensitivity and smoothness (default 37).

Source – Price source used for calculation, defaulting to low.

Multiplier – Scales the ATR bands to adjust volatility sensitivity (default 1.45).

📌 Usage Notes

The TRS SuperTrend works well across various asset classes and timeframes.

The true range weighting improves trend detection in volatile markets by emphasizing price moves during active periods.

Adjust the length and multiplier inputs to balance between noise reduction and responsiveness for your specific market and strategy.

Trend changes are visually marked with “𝓛𝓸𝓷𝓰” and “𝓢𝓱𝓸𝓻𝓽” labels directly on the chart.

Background fills between bands and price improve visual clarity.

Combine with other confirmation tools and risk management practices for best results.

Not a standalone trading system; always validate and backtest prior to live trading.

⚠️ Disclaimer

This script is provided for educational and informational purposes only and does not constitute financial advice. Trading involves risk and users should perform their own analysis before making trading decisions.

Enjoy smoother and clearer trend analysis with the True Range Smoothed SuperTrend!