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Miha Kralj
2026-03-16 12:46:19 -07:00
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lib/channels/stbands/stbands.md
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| **PineScript** | [stbands.pine](stbands.pine) |
- Super Trend Bands provide ATR-based dynamic support and resistance levels with asymmetric ratchet logic: the upper band only tightens downward duri...
- **Similar:** [BBands](../bbands/bbands.md), [KChannel](../kchannel/kchannel.md) | **Complementary:** Volume for breakout validation | **Trading note:** Stoller bands use ATR multiplier instead of standard deviation.
- **Similar:** [BBands](../bbands/bbands.md), [KC](../kc/kc.md) | **Complementary:** Volume for breakout validation | **Trading note:** Stoller bands use ATR multiplier instead of standard deviation.
- Validated against TA-Lib, Skender, and Tulip reference implementations where available.
Super Trend Bands provide ATR-based dynamic support and resistance levels with asymmetric ratchet logic: the upper band only tightens downward during downtrends, and the lower band only tightens upward during uptrends. This creates natural trailing stop-loss levels that respect market momentum. A trend direction signal ($+1$ or $-1$) flips when price breaches the opposite band. The ATR is computed as a simple moving average of True Range via a ring buffer with running sum, providing O(1) streaming updates.