Close to Supertrend

Many a times, we have seen that the price closing in towards supertrend reverses.

This indicator gives signal that identifies high / low of any candle if near the down / up supertrend line by a defined margin using arrow signals.
I've simply re-used readily available supertrend indicator source code and just modified it to these signals. So, almost all of the source code is not mine.

Enter the short / long position when arrow signal appears.
SL / trend reversal will be mandatorily at close of a candle above or below the supertrend line, and the supertrend changes direction.

Hope this indicator comes handy for you.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.


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 script on a chart?