EliCobra

SuperTrend Toolkit

EliCobra 已更新   
The SuperTrend Toolkit (Super Kit) introduces a versatile approach to trend analysis by extending the application of the SuperTrend indicator to a wide array of @TradingView's built-in or Community Scripts. This tool facilitates the integration of the SuperTrend algorithm with various indicators, including oscillators, moving averages, overlays, and channels.

Methodology:
The SuperTrend, at its core, calculates a trend-following indicator based on the Average-True-Range (ATR) and price action. It creates dynamic support and resistance levels, adjusting to changing market conditions, and aiding in trend identification.
pine_st(simple float factor = 3., simple int length = 10) =>
    float atr = ta.atr(length)
    float up  = hl2 + factor * atr
    up       := up < nz(up[1]) or close[1] > nz(up[1]) ? up : nz(up[1])
    float lo  = hl2 - factor * atr
    lo       := lo > nz(lo[1]) or close[1] < nz(lo[1]) ? lo : nz(lo[1])

    int   dir = na
    float st  = na

    if na(atr[1])
        dir := 1
    else if st[1] == nz(up[1])
        dir := close > up ? -1 : 1
    else
        dir := close < lo ? 1 : -1

    st := dir == -1 ? lo : up

    [st, dir]

@TradingView's native SuperTrend lacks the flexibility to incorporate different price sources into its calculation.
Community scripts, addressed the limitation by implementing the option to input different price sources, for example, one of the most popular publications, @KivancOzbilgic's SuperTrend script.

In May 2023, @TradingView introduced an update allowing the passing of another indicator's plot as a source value via the input.source() function. However, the built-in ta.atr function still relied on the chart's price data, limiting the formerly mentioned scripts to the chart's price data alone.

Unique Approach -
This script addresses the aforementioned limitations by processing the data differently.
Firstly we create a User-Defined-Type (UDT) replicating a bar's open, high, low, close (OHLC) values.
type bar
    float o = open
    float h = high
    float l = low
    float c = close

We then use this type to store the external input data.
src = input.source(close, "External Source")

bar b = bar.new(
       nz(src[1])               ,   open  𝘷𝘢𝘭𝘶𝘦
       math.max(nz(src[1]), src),   high  𝘷𝘢𝘭𝘶𝘦
       math.min(nz(src[1]), src),   low   𝘷𝘢𝘭𝘶𝘦
       src                      )   close 𝘷𝘢𝘭𝘶𝘦

Finally, we pass the data into our custom built SuperTrend with ATR functions to derive the external source's version of the SuperTrend indicator.
supertrend st = b.st(mlt, len)

- Setup Guide -

Utility and Use Cases:
  1. Universal Compatibility - Apply SuperTrend to any built-in indicator or script, expanding its use beyond traditional price data.
    - A simple example on one of my own public scripts -

  2. Trend Analysis - Gain additional trend insights into otherwise mainly mean reverting or volume indicators.

- Alerts Setup Guide -

The Super Kit empowers traders and analysts with a tool that adapts the robust SuperTrend algorithm to a myriad of indicators, allowing comprehensive trend analysis and strategy development.
版本注释:
Added alerts.
版本注释:
Small fix
版本注释:
Added option for any alert call.

开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。

想在图表上使用此脚本?