PINE LIBRARY
HSupertrend
Updated
Library "HSupertrend"
Supertrend implementation based on harmonic patterns
hsupertrend(zProperties, pProperties, errorPercent, showPatterns, patternColor)
derives supertrend based on harmonic patterns
Parameters:
zProperties: ZigzagProperties containing Zigzag length and source array
pProperties: PatternProperties used for calculation
errorPercent: Error threshold for scanning patterns
showPatterns: Draw identified patterns structure on chart
patternColor: Color of the pattern lines to be drawn
Returns: [direction, supertrend]
ZigzagProperties
ZigzagProperties contains values required for zigzag calculation
Fields:
length: Zigzag length
source: Array containing custom OHLC. If not set, array.from(high, low) is used
PatternProperties
PatternProperties are essential pattern parameters used for calculation of bullish and bearish zones
Fields:
base: Base for calculating entry and stop of pattern. Can be CD, minmax or correction. Default is CD
entryPercent: Distance from D in terms of percent of Base in the direction of pattern
stopPercent: Distance from D in terms of percent of Base in the opposite direction of pattern
useClosePrices: When set uses close price for calculation of supertrend breakout
Supertrend implementation based on harmonic patterns
hsupertrend(zProperties, pProperties, errorPercent, showPatterns, patternColor)
derives supertrend based on harmonic patterns
Parameters:
zProperties: ZigzagProperties containing Zigzag length and source array
pProperties: PatternProperties used for calculation
errorPercent: Error threshold for scanning patterns
showPatterns: Draw identified patterns structure on chart
patternColor: Color of the pattern lines to be drawn
Returns: [direction, supertrend]
ZigzagProperties
ZigzagProperties contains values required for zigzag calculation
Fields:
length: Zigzag length
source: Array containing custom OHLC. If not set, array.from(high, low) is used
PatternProperties
PatternProperties are essential pattern parameters used for calculation of bullish and bearish zones
Fields:
base: Base for calculating entry and stop of pattern. Can be CD, minmax or correction. Default is CD
entryPercent: Distance from D in terms of percent of Base in the direction of pattern
stopPercent: Distance from D in terms of percent of Base in the opposite direction of pattern
useClosePrices: When set uses close price for calculation of supertrend breakout
Release Notes
v2Added:
hsupertrendplain(length, source, base, entryPercent, stopPercent, useClosePrices, errorPercent)
derives supertrend based on harmonic patterns
Parameters:
length
source
base
entryPercent
stopPercent
useClosePrices
errorPercent: Error threshold for scanning patterns
Returns: [direction, supertrend]
Updated:
PatternProperties
PatternProperties are essential pattern parameters used for calculation of bullish and bearish zones
Fields:
base: Base for calculating entry and stop of pattern. Can be CD, minmax or correction. Default is CD
entryPercent: Distance from D in terms of percent of Base in the direction of pattern
stopPercent: Distance from D in terms of percent of Base in the opposite direction of pattern
useClosePrices: When set uses close price for calculation of supertrend breakout
useLogScale
Pine library
In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House rules.
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