everget

SuperTrend

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:
Release Notes:
  • Added long/short state highlighting
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When will the signal go off? when the bar is opening? during the bar or when it closes?
+1 Reply
@dgram, signal appears when close or high/low crosses up or down the lines. Exactly at that time.
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dgram everget
@everget, How do I get the best alert? "Once per bar" ?
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@dgram, yup
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dgram everget
@everget, What is your recommendation? I see I get a lot of "alerts" that are "fake"... do I have to wait for the " visual short or long print staying there or? ... After most of my alerts goes off... it takes time before the printed "short/long" stays there... and a kinda valid signal...
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@dgram, check the option "Take Wicks into Account ?", choose Only Once in the alert settings and make the alert Open-ended
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dgram everget
@everget, I dont see the option with wicks?
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@dgram, SuperTrend settings
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dgram everget
@everget, Get it, its not there man...
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@dgram, could you ask your questions via DM or Telegram and provide the screenshots?
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