OPEN-SOURCE SCRIPT
Updated

SuperTrend

222579
This is a redesign of the SuperTrend indicator. It removes stupid transitions between SuperTrend states and highlights initial points for both lines.

SuperTrend is a moving stop and reversal line based on the volatility (ATR).
Release Notes
  • Modified initial algorithm
Release Notes
  • Added Buy/Sell alerts
  • Added Buy/Sell labels
Release Notes
  • Fix erratum
Release Notes
  • Converted to Pine V4
  • Added an option to take candle wicks into account


From now, with checked "Take Wicks into Account" option the SuperTrend will respond more clearly than default one:
snapshot
Release Notes
  • Added long/short state highlighting
Release Notes
  • Update
Release Notes
  • Fixed bug with 4-price Doji candles

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