OPEN-SOURCE SCRIPT

SuperTrended Moving Averages

Updated

A different approach to SuperTrend:

adding 100 periods Exponential Moving Average in calculation of SuperTrend and also 0.5 ATR Multiplier to have a clear view of the ongoing trend and also provides significant Supports and Resistances.

Default Moving Average type set as EMA (Exponential Moving Average) but users can choose from 11 different Moving Average types as:

SMA : Simple Moving Average
EMA : Exponential Moving Average
WMA : Weighted Moving Average
DEMA : Double Exponential Moving Average
TMA : Triangular Moving Average
VAR : Variable Index Dynamic Moving Average a.k.a. VIDYA
WWMA : Welles Wilder's Moving Average
ZLEMA : Zero Lag Exponential Moving Average
TSF : True Strength Force
HULL : Hull Moving Average
TILL : Tillson T3 Moving Average

Credits going to CryptoErge for sharing his development to public.

Release Notes

added transperency function according to users' comments.

Release Notes

added Multiple Time Frame function= users can use on higher time frames too
changed white highlighters.

thanks for suggestions

Release Notes

added transparency option for users to optimize*

Best wishes goes to LonesomeTheBlue, the king!

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 publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

KivancOzbilgic

Telegram t.me/AlgoRhytm

YouTube (Turkish): youtube.com/c/kivancozbilgic

YouTube (English): youtube.com/c/AlgoWorld

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