OPEN-SOURCE SCRIPT
Variable SuperTrend - evo
Updated
Played around with Lazy Bear's VMA ![Variable Moving Average [LazyBear]](https://s3.tradingview.com/6/6Ix0E5Yr_mid.png)
and Gunazzi's SuperTrend Cloud 
.
It plots an uptrend if the low of a candle gets above the recent downtrend and plots a downtrend if the high of a candle gets below the recent uptrend, you have to wait for the candle to close to confirm the actual trend change.
I use it to give me a direction for longs or shorts, not as a stop/reverse indicator.
Thanks Lazy Bear and Gunazzi :)
It plots an uptrend if the low of a candle gets above the recent downtrend and plots a downtrend if the high of a candle gets below the recent uptrend, you have to wait for the candle to close to confirm the actual trend change.
I use it to give me a direction for longs or shorts, not as a stop/reverse indicator.
Thanks Lazy Bear and Gunazzi :)
Release Notes
UPDATE- Added % Gain/Loss as requested in comments
Open-source script
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