This script creates Zigzag Chart by using Zigzag waves, so it's timeless chart meaning that no time dependency on X-axis. Optionally it can calculate & show Zigzag Supertrend or Simple Moving Average. Also it can change bar colors of the main chart by trend direction of Zigzag Supertrend.
As seen below, each zigzag wave is a candle on Zigzag...
Here is an extensive library on different variations of supertrend.
supertrend : Library dedicated to different variations of supertrend
supertrend_atr(length, multiplier, atrMaType, source, highSource, lowSource, waitForClose, delayed) supertrend_atr: Simple supertrend based on atr but also takes into consideration of custom MA Type,...
I - Overall Ideas:
Smart Vision Community is a Basic version but Helpful and Free indicator to help you able to build a simple trading system with 2 main steps:
Step 1: Check overall market trend by Supertrend signal, Donchian Channels or MA line.
Step 2: Confirm/double check the signal by using Revert Bands and/or Peaks - Valleys lines (that aim to work as...
Contains utilities for finding key levels of support, resistance and direction of trend.
superTrendPlus(multiple, h, l, atr, closeBars) A more flexible version of SuperTrend that allows for supplying the series used and sensitivity adjustment by confirming close bars.
multiple : The multiple to apply to the...
This is a modified version of supertrend to be able to use MTF approach in a safe way using a non repating security formula(credits and thanks to @PineCoders for providing it)
The Supertrend indicator is a trend following overlay on your trading chart, much like a moving average, that shows you the current trend direction. The indicator works well in a trending...
Moving Averages are price based, lagging (or reactive) indicators that display the average price of a security over a set period of time. A Moving Average is a good way to gauge momentum as well as to confirm trends, and define areas of support and resistance. Essentially, Moving Averages smooth out the “noise” when trying to interpret charts. Noise is made up of...
A strategy using ema, supertrend and stochastic.
Long entry conditions:
1. EMA 25 > EMA 50 and EMA 100 > EMA 100.
2. Supertrend indicator is green.
3. Stochastic k line cross over d line.
Long stop: the lowest price of the last k<d interval.
Long take: 1.5 times of stop.
The short conditions are opposite.
This strategy performed well in 1D...
An entry alarm on Supertrend Stoch Strategy . It can monitor 10 trading pairs in one alarm.
Use this script on any trading pair and deploy the alarm. The alert comment shows the pair name, direction, entry point, sl/tp, and percentage of your position you should cost.
I currently use it as a signal for my grid trading.
This indicator combines the Supertrend (to determine the main trend direction) with two Keltner channels (used for add and take profit signals) to construct a trend trading system.
These are the available settings:
UseTrendChange ➞ toggle trend change alerts and labels
UseAdds ➞ toggle add to position alerts and labels
UseTakeProfits ➞ toggle...
There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote "Pivot Point SuperTrend" script. It looks it has better performance on keeping you in the trend more.
The idea is behind this script is finding pivot point, calculating average of them and like in supertrend creating higher/lower...
SuperTrend is one of the most common ATR based trailing stop indicators.
In this version you can change the ATR calculation method from the settings. Default method is RMA, when the alternative method is SMA.
The indicator is easy to use and gives an accurate reading about an ongoing trend. It is constructed with two parameters, namely period and multiplier....
Uses two SuperTrend+ indicators to signal when a change in trend is confirmed.
By using a minor trend within the major, a pullback after a turning point can signal a more optimal entry.
See SuperTrend+ for more details.
Hello traders and aspiring Pinescripters
You might remember this script Supertrend-Heatmap-Multi-timeframes/ ?
A follower, asked me in a comment to do a version where YOU guys can select the timeframes
Well... what follower asks, follower (sometimes) gets. I'm not Santa Claus but this is Christmas with a few months in advance (#oh #oh #oh)
This is my Super Trend Daily strategy but with one important difference. You can now adjust settings for long or short signals individually and separately. For example, the condition for a long signal may require a different parameter setting than the condition for a short signal. Each parameter in the signal generation can be tuned. You can also decide what kind...
Today I present you a Supertrend not based on candle close but based on a CCI (Commodity Channel Index)
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR *...
## THIS SCRIPT IS ON GITHUB
## MORE BACKTEST
SuperTrend is a moving stop and reversal line based on the volatility (ATR).
The strategy will ride up your stop loss when price moviment 1%.
The strategy will close your operation when the market price crossed the stop loss.
The strategy will close operation when the line based on the volatility will...
This study interprets SuperTrend with Ichimoku Cloud, one of the popular technical analysis indicator, and interprets Directional Movement (DMI), which is another quite valuable technical analysis indicator.
Then combines the interpreted SuperTrend with interpreted Directional Movement (DMI) and Volume Based Colored Bars indicator created by Kıvaç ÖZBİLGİÇ...
Based upon popular SuperTrend (AKA: ATR Trailing Stop) indicator with the following differences and improvements:
Defaults to using Volume-Adjusted WMA ( VAWMA ) for ATR. (Can still be configured to behave exactly like classic SuperTrend.)
Can use SMA, EMA, WMA, VWMA, and VAWMA instead of just SMA.
Confirmation close bars for avoiding false breaks.