OPEN-SOURCE SCRIPT
Orion:Supertrend Hybrid
Supertrend Hybrid
This indicator is a combination of the Supertrend and Donchian Channels.
The original Supertrend indicator shades the area from the mean (hl2) of the bar/candle to the Supertrend line.
This Hybrid uses the mid section of the Donchian channel to the Supertrend line as the area to be shaded.
This provides a visual of when prices are getting close to potentially reversing the trend.
Values:
Length = Length of the Donchian Channels (Default: 12)
ATR Length = Lookback length of the ATR calculation (Default: 10)
Factor = Multiply the ATR by this value to get a trend reversal value (Default: 3.0)
Prices cross above the red line indicating a bullish trend is in play
Prices cross below the green line indicating a bearish trend is in play
Yellow line represents the mid-section of the Donchian Channel.
Suggested usage:
Add a Stochastic and set the Stochastic %K Length to the same value as the Donchian Length.
When below trend (red line dominate) and prices cross into the shaded area, if stochastic crosses above 70, prices may challenge/cross the red trend line.
When above trend (green line dominate) and prices cross into the shaded area, if stochastic crosses below 30, prices may challenge/cross the green trend line.
IF in an up trend (green line dominate) and stochastic crosses/remains above 70, potential higher price movement exists.
IF in an down trend (red line dominate) and stochastic crosses/remains below 30, potential lower price movement exists.
This indicator is a combination of the Supertrend and Donchian Channels.
The original Supertrend indicator shades the area from the mean (hl2) of the bar/candle to the Supertrend line.
This Hybrid uses the mid section of the Donchian channel to the Supertrend line as the area to be shaded.
This provides a visual of when prices are getting close to potentially reversing the trend.
Values:
Length = Length of the Donchian Channels (Default: 12)
ATR Length = Lookback length of the ATR calculation (Default: 10)
Factor = Multiply the ATR by this value to get a trend reversal value (Default: 3.0)
Prices cross above the red line indicating a bullish trend is in play
Prices cross below the green line indicating a bearish trend is in play
Yellow line represents the mid-section of the Donchian Channel.
Suggested usage:
Add a Stochastic and set the Stochastic %K Length to the same value as the Donchian Length.
When below trend (red line dominate) and prices cross into the shaded area, if stochastic crosses above 70, prices may challenge/cross the red trend line.
When above trend (green line dominate) and prices cross into the shaded area, if stochastic crosses below 30, prices may challenge/cross the green trend line.
IF in an up trend (green line dominate) and stochastic crosses/remains above 70, potential higher price movement exists.
IF in an down trend (red line dominate) and stochastic crosses/remains below 30, potential lower price movement exists.
Script de código abierto
Siguiendo fielmente el espíritu de TradingView, el autor de este script lo ha publicado en código abierto, permitiendo que otros traders puedan entenderlo y verificarlo. ¡Olé por el autor! Puede utilizarlo de forma gratuita, pero tenga en cuenta que la reutilización de este código en la publicación se rige por las Normas internas. Puede añadir este script a sus favoritos y usarlo en un gráfico.
¿Quiere utilizar este script en un gráfico?
Exención de responsabilidad
La información y las publicaciones que ofrecemos, no implican ni constituyen un asesoramiento financiero, ni de inversión, trading o cualquier otro tipo de consejo o recomendación emitida o respaldada por TradingView. Puede obtener información adicional en las Condiciones de uso.