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MA Candles - Supertrend

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Converting strategy to indicator for those who want to use it as indicator.

Concepts are simple:

  • Calculate moving average of High, Low, Open and Close and make candles of them
  • Calculate ATR and derive supertrend on the moving average candles.


Alerts:
  • Bullish Crossover - When supertrend turns green
  • Bearish Crossover - When supertrend turns red
  • Bullish Pullback - Supertrend is green but close crossed below Moving average high
  • Bearish Pullback - Supertrend is red but close crossed above Moving average low


Original strategy is present here:
MA Candles Supertrend Strategy
Average True Range (ATR)Moving AveragessupertrendTrend Analysis

开源脚本

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