OPEN-SOURCE SCRIPT

Adoptive Supertrend - Pivots

13508
Another experiment with Supertrend by making use of pivot point high/lows.

Trailing Stop types used in this indicator are:

  • ATR - plain ATR based supertrend
  • Breakout - ATR based supertrend combined with breakout. (Trailing triggered only if price change is higher than HighPriceChange multiplier times ATR.
  • Pivot Points - Trail only when new pivots created. Pivot stop multiplier is used below pivot low.
  • Combined - Combine everything together


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.