A Super Trend based on the high and low of a Moving Average, to get an easy view what the current trend is and where to buy and sell.
- The 'Closing Source' option is the candle value that triggers the clouds. 'High/Low System' means that a downtrend is over when the candle LOW closes greater than the downtrend (dark cloud), an uptrend is over when the...
I use supertrend for for trailing stops. One of the problem of trailing stops in long term trend trading is we get stopped too early and then trend continues. To avoid this problem, we can limit or delay our trailing.
In this modified version of supertrend, we can delay trailing by two methods:
Bars : Trail after certain bars. Input DelayBars says after...
An implementation of the supertrend indicator as it'll be implemented in build-in pine function
Supertrend calculates two values:
using the direction resistance and support are plotted.
Based on some code from noro and kiasaki - thank you.
A Super Trend is a trend over a long period of time. There are lots of existing scripts that generate signals based on the overall direction of an instrument. What if we combined this idea with a measure of Money Flow and added a filter to try to avoid choppy sideways action?
I started with a super trend...
Similar to X system but here I use the super trend with MTF function
the sell option depend on the % channel sell seen in red as bearish rule (so both need to agree)
the buy option depend only on the MTF which is set on 2 hour on 1 hour candles. you can try to modify if you want shorter times to see if it better
if you want it sell more just remove the and...
So how this system work ?
1. the bullish and bearish zones in lime and red are based on percent channel (you can modify it according to your needs) . this now is on 1 hour candles so I set it to 1% above and 3% bellow for BTC on bitmex.
2. we ha RSI super trend system which generate our buy and sell signals .
Since the Super trend is an RSI like it act like one...