KivancOzbilgic

SuperTrend

Formación
SuperTrend is one of the most common ATR based trailing stop indicators.

In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA .


The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier. The default values used while constructing a superindicator are 10 for average true range or trading period and three for its multiplier.

The average true range (ATR) plays an important role in 'Supertrend' as the indicator uses ATR to calculate its value. The ATR indicator signals the degree of price volatility .

The buy and sell signals are generated when the indicator starts plotting either on top of the closing price or below the closing price. A buy signal is generated when the ‘Supertrend’ closes above the price and a sell signal is generated when it closes below the closing price.

It also suggests that the trend is shifting from descending mode to ascending mode. Contrary to this, when a ‘Supertrend’ closes above the price, it generates a sell signal as the colour of the indicator changes into red.

A ‘Supertrend’ indicator can be used on equities, futures or forex, or even crypto markets and also on daily, weekly and hourly charts as well, but generally, it fails in a sideways-moving market.

I had converted Supertrend indicator code for various platforms like Metastock in 2017, but in this TradingView version special credit goes to everget - Alex Orekhov which gave a great inspiration to look my indicators better with highlights, signals and alarms. Thank you Alex .
Notas de prensa: source function added to use the indicator as the ATR Trailing Stop indicator.
Just change source type hl2 to close.
different variations might be useful.
Notas de prensa: added Multiple Time Frame feature
Script de código abierto

Siguiendo el verdadero espíritu de TradingView, el autor de este script lo ha publicado en código abierto, para que los traders puedan entenderlo y verificarlo. ¡Un hurra por el autor! Puede utilizarlo de forma gratuita, aunque si vuelve a utilizar este código en una publicación, debe cumplir con las Normas internas. Puede marcarlo como favorito para usarlo en un gráfico.

¿Quiere utilizar este script en un gráfico?
Twitter: @kivancozbilgic
Youtube: http://youtube.com/c/kivancozbilgic

Comentarios

YOU ARE SELFLESS KIVANC OZBILGIC. YOU LOVE INVENTION AND IMPROVEMENT AND HAS LOVE TOWARDS COMMUNITY.
100coins
+1 Responder
Hello @KivancOzbilgic , great work and thanks for sharing. Can you create strategy version so we can backtest the results ? all the best to you
+146 Responder
MarxBabu hannajhajjar
@hannajhajjar, great work
+10 Responder
DevLucem hannajhajjar
@hannajhajjar, Use this to backtest
+14 Responder
KivancOzbilgic hannajhajjar
@hannajhajjar,
SUPERTREND STRATEGY:

SUPERTREND SCREENER:
+3 Responder
@KivancOzbilgic Hi. I'm new on the trading business. This indicator looks nice. How can I start using it. Like where is the option to add this indicator?
Thank you in advance.
+124 Responder
@Kaze00, click add to favorit script, on the code box
+11 Responder
hocam bizde kullanabilir miyiz ?
+57 Responder
KivancOzbilgic ozanyarkatas
@ozanyarkatas, kullanın açık paylaşıldı

Favorilerinize alırsanız aramada çıkar, almadığınız için görmüyorsunuzdur
+50 Responder
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