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OPEN-SOURCE SCRIPT

Auto SuperTrend+

By Electrified
Updated
Based upon SuperTrend+, this variation measures the volatility in order to determine the range of the trend.

Notes:
  • Upward volatility is measured separately from downward.
  • WMA is used for averaging to provide a recency bias.
  • Changing time-frames should display similar results as the settings are based upon time and not bars.
Release Notes
Improved time-frame options and reliability at smaller timeframes.
Release Notes
  • Added "Pullback" detection and alert option.
  • Improved configurability.
  • Significant improvements to UI/theming.
Release Notes
Visual bug fix.
Release Notes
Don't plot labels until trend is confirmed.
Release Notes
Cleanup.
Release Notes
Corrected label position
Release Notes
Fixed issue where tolerance can cause logic be ignored.
ATRatrtrailingstopsupertrendTrend Analysis

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.

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