Adaptive Increment SuperTrend

The Adaptive Increment Supertrend a perpetual Trend Following indicator that aims to give faster & more reliable signals relative to the popular TradingView in-built SuperTrend.

Here is a quick visual representation of that difference, and why the AI SuperTrend is a superior version of the classical SuperTrend:




How does the indicator work?
The Adaptive Increment SuperTrend works like so:

1. Find the MA value (this can be WMA, SMA, HMA...)
- This will be the base of the indicator

2. Use For Loop function for finding out the "Boost" Values
- This will be used for figuring out the band distance

3. Find the MATR Value:
- Calculate the ATR and then find the median of it over X period

4. Calculate Lower and Upper Bands

And BOOM! The AI SuperTrend has come to life!

Plotting
The indicator plots a glowing line that will represent the value the candle would have to cross in order to trigger a trend reversel.
The line is than colored where
Bright Green Color => Uptrend
Bright Red Color => Downtrend

Watch out that this indicator is not perfect and investing uppon the data it provides can cause losses of capital

I hope you all will find some good use of this indicator, and wish you all the best of luck!