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SuperTrend

This is a redesign of the SuperTrend indicator. It removes stupid transitions between SuperTrend states and highlights initial points for both lines.

SuperTrend is a moving stop and reversal line based on the volatility (ATR).
Release Notes:
  • Modified initial algorithm
Release Notes:
  • Added Buy/Sell alerts
  • Added Buy/Sell labels
Release Notes:
  • Fix erratum
Release Notes:
  • Converted to Pine V4
  • Added an option to take candle wicks into account

From now, with checked "Take Wicks into Account" option the SuperTrend will respond more clearly than default one:
Release Notes:
  • Added long/short state highlighting
Release Notes:
  • Update
Release Notes:
  • Fixed bug with 4-price Doji candles

Skript med en öppen källkod

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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