OPEN-SOURCE SCRIPT
SuperTrend+ Updated
SuperTrend+ with SL/TP is a technical analysis tool designed to identify market trends and potential trading opportunities. Based on the SuperTrend indicator, it incorporates additional features including stop loss and take profit level calculations.
The indicator visually displays uptrends and downtrends through colored lines and background highlighting, making trend direction easy to identify. It generates buy and sell signals when trend reversals are detected, with optional volume filtering to reduce false signals.
Key features include customizable ATR parameters, multiple calculation methods for stop loss and take profit levels (ATR-based or fixed percentage), and clear visual markers for entry points and target levels.
Ideal for traders looking to identify trend directions and manage risk with predefined exit levels, this indicator works across various timeframes and financial instruments.
The indicator visually displays uptrends and downtrends through colored lines and background highlighting, making trend direction easy to identify. It generates buy and sell signals when trend reversals are detected, with optional volume filtering to reduce false signals.
Key features include customizable ATR parameters, multiple calculation methods for stop loss and take profit levels (ATR-based or fixed percentage), and clear visual markers for entry points and target levels.
Ideal for traders looking to identify trend directions and manage risk with predefined exit levels, this indicator works across various timeframes and financial instruments.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.