OPEN-SOURCE SCRIPT
Supertrend by siosi
This script enhances the Supertrend indicator by integrating trend detection, price rejection signals, and market session highlights.
🔹 Objective: Identify potential trend reversals, price rejections, and key trading sessions to provide better market insights.
🔹 Features:
Supertrend Indicator – Uses ATR-based calculation to determine market trends.
Rejection Signals – Highlights when price touches and rejects key Supertrend levels.
Market Session Highlighting – Colors the background for New York, London, and Asian trading sessions.
Customizable Inputs – Allows users to adjust trend parameters, session times, and signal visibility.
Alerts – Notifies users of trend changes and price rejections.
🔹 Objective: Identify potential trend reversals, price rejections, and key trading sessions to provide better market insights.
🔹 Features:
Supertrend Indicator – Uses ATR-based calculation to determine market trends.
Rejection Signals – Highlights when price touches and rejects key Supertrend levels.
Market Session Highlighting – Colors the background for New York, London, and Asian trading sessions.
Customizable Inputs – Allows users to adjust trend parameters, session times, and signal visibility.
Alerts – Notifies users of trend changes and price rejections.
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 publications is governed by House rules. You can favorite it to use it on a chart.
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