OPEN-SOURCE SCRIPT
SuperTrendS
Updated
Hey! By using this script you can choose between the Regular SuperTrend and Pivot Point SuperTrend.
Pivot Point SuperTrend differs in calculation from the regular SuperTrend and as the name suggests, Pivot Points are used instead of ATR.
I made this script to make it easier to switch and compare between one another.
Also included Jurik RSX as a Momentum Indicator. SuperTrend changes color to purple when it's a bear trend and RSX is in an overbought state. And orange when it's a bull trend and RSX is in an oversold state. A reversal might be expected when color changes to purple & orange occur.
Special thanks to;
Kivanc Ozbilgic for SuperTrend
LonesomeTheBlue for Pivot Point SuperTrend
& everget for Jurik RSX
Enjoy!
Pivot Point SuperTrend differs in calculation from the regular SuperTrend and as the name suggests, Pivot Points are used instead of ATR.
I made this script to make it easier to switch and compare between one another.
Also included Jurik RSX as a Momentum Indicator. SuperTrend changes color to purple when it's a bear trend and RSX is in an overbought state. And orange when it's a bull trend and RSX is in an oversold state. A reversal might be expected when color changes to purple & orange occur.
Special thanks to;
Kivanc Ozbilgic for SuperTrend
LonesomeTheBlue for Pivot Point SuperTrend
& everget for Jurik RSX
Enjoy!
Release Notes
ZigZag SuperTrend by HeWhoMustNotBeNamed added :)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.
Disclaimer
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