PROTECTED SOURCE SCRIPT
SuperTrend++
version = 4
release: TradersVenue TrendFollower
SuperTrend Study Alert
Author: Prasuna.Barik (TradersVenue)
It internally uses SuperTrend logic. It can be used for TrendFollowing trading and also as a TrailingSL indicator. Internally it takes the ATR value for the no of periods mentioned and uses the multiplier to derive the ATROffset. And if the stock is making higher high and trading above the Long TSL then it considers bullish else bearish . Accordingly it generates buy/sell signal.
Main difference between the standard supertrend indicator and this supertrend indicator is as follows:
1. This indicator dynamically changes the ATR period and multiplier basis the timeframe selected for optimal results against NSE/BSE stocks or indexes.
Indicator has been tested across almost all scripts and has done fairly well in backtesting for liquid stocks. Generates buy/sell alerts too.
2. If you want to use your own input parameters then you can provide it from front end and use option "Force Above Input Settings?"
3. Added background color for easy trend recognition (Green = Bullish | Red = Bearish . You may enable/disable it using the settings option "Change BGColor Basis Trend?".
4. You may use 'USE Multi-Color Bullish Candle?' setting where it changes candle color basis trend. It changes color as per below logic.
Green - Strong Above SuperTrend and Blue - Weak Below SuperTrend
Orange - Weak Bear Candle and Red - Strong Bear Candle
5. Also it displays quantity basis the 90% of initial capital (50k) dividing with highest high of previous day/week depending on intraday or positional
release: TradersVenue TrendFollower
SuperTrend Study Alert
Author: Prasuna.Barik (TradersVenue)
It internally uses SuperTrend logic. It can be used for TrendFollowing trading and also as a TrailingSL indicator. Internally it takes the ATR value for the no of periods mentioned and uses the multiplier to derive the ATROffset. And if the stock is making higher high and trading above the Long TSL then it considers bullish else bearish . Accordingly it generates buy/sell signal.
Main difference between the standard supertrend indicator and this supertrend indicator is as follows:
1. This indicator dynamically changes the ATR period and multiplier basis the timeframe selected for optimal results against NSE/BSE stocks or indexes.
Indicator has been tested across almost all scripts and has done fairly well in backtesting for liquid stocks. Generates buy/sell alerts too.
2. If you want to use your own input parameters then you can provide it from front end and use option "Force Above Input Settings?"
3. Added background color for easy trend recognition (Green = Bullish | Red = Bearish . You may enable/disable it using the settings option "Change BGColor Basis Trend?".
4. You may use 'USE Multi-Color Bullish Candle?' setting where it changes candle color basis trend. It changes color as per below logic.
Green - Strong Above SuperTrend and Blue - Weak Below SuperTrend
Orange - Weak Bear Candle and Red - Strong Bear Candle
5. Also it displays quantity basis the 90% of initial capital (50k) dividing with highest high of previous day/week depending on intraday or positional
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
I am reachable on below social handles.
EMail_ID:- prasuna.barik@pbfin.in
Telegram: t.me/PBFin_222
Twitter: twitter.com/PB_Fin
Indicator access process given here tinyurl.com/VSASetup. Follow it for details.
EMail_ID:- prasuna.barik@pbfin.in
Telegram: t.me/PBFin_222
Twitter: twitter.com/PB_Fin
Indicator access process given here tinyurl.com/VSASetup. Follow it for details.
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.
Script protegido
Este script se publica como código cerrado. Sin embargo, puede utilizarlo libremente y sin limitaciones: obtenga más información aquí.
I am reachable on below social handles.
EMail_ID:- prasuna.barik@pbfin.in
Telegram: t.me/PBFin_222
Twitter: twitter.com/PB_Fin
Indicator access process given here tinyurl.com/VSASetup. Follow it for details.
EMail_ID:- prasuna.barik@pbfin.in
Telegram: t.me/PBFin_222
Twitter: twitter.com/PB_Fin
Indicator access process given here tinyurl.com/VSASetup. Follow it for details.
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.