Trendoscope

HSupertrend

Trendoscope Wizard 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:

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:
v2

Added:
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:

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.

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.

Want to use this library?

Copy the following line and paste it in your script.