OPEN-SOURCE SCRIPT
Bar-Close Confirmed Supertrend
Overview
This indicator is a Supertrend-style trend follower that confirms direction changes only after a bar closes. Trend flips are determined using the previous bar’s close relative to the bands, which helps avoid intrabar changes during live candles.
How it works
Confirmation logic (bar-close based)
Trend direction is updated using conditions based on the previous candle, such as:
Because signals are confirmed on the prior bar, trend changes and markers are displayed only when confirmation exists.
Signals
Inputs
Notes
This script is intended for bar-close workflows. Behavior and responsiveness may differ across markets and timeframes depending on volatility and chosen settings.
This indicator is a Supertrend-style trend follower that confirms direction changes only after a bar closes. Trend flips are determined using the previous bar’s close relative to the bands, which helps avoid intrabar changes during live candles.
How it works
- Computes ATR (Average True Range)
- Builds upper/lower bands using ATR and a multiplier
- Updates trend direction only when a prior candle confirms a break of the band
Confirmation logic (bar-close based)
Trend direction is updated using conditions based on the previous candle, such as:
- close[1] > upper[1] → confirm uptrend
- close[1] < lower[1] → confirm downtrend
Because signals are confirmed on the prior bar, trend changes and markers are displayed only when confirmation exists.
Signals
- Uptrend confirmation: prior candle closes above the upper band → bullish marker
- Downtrend confirmation: prior candle closes below the lower band → bearish marker
Inputs
- ATR Length (default 10)
- ATR Multiplier (default 3.0)
Notes
This script is intended for bar-close workflows. Behavior and responsiveness may differ across markets and timeframes depending on volatility and chosen settings.
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.