OPEN-SOURCE SCRIPT
Supertrend Trend Change Signals + Covered Points Only (v5)[NR]
Supertrend with Buy/Sell Signals + Covered Points (v5)
Description
This indicator is a custom version of the Supertrend that provides:
Buy/Sell signals whenever the trend flips (Up → Buy, Down → Sell).
Covered points label at the end of each trend, showing the total price movement captured from entry to exit.
Optional colored candles based on trend direction.
Visual markers (triangle up/down) for quick identification of flips.
Built-in alert conditions for Buy and Sell flips.
Use case:
Designed for traders who want not only entry/exit alerts but also a quick view of how many points the previous run covered. Especially useful for index futures (e.g., NIFTY, BankNIFTY) or instruments where point movement matters.
⚠ Note: This is a study/indicator, not a strategy. It does not auto-trade and should be combined with your own analysis and risk management.
Description
This indicator is a custom version of the Supertrend that provides:
Buy/Sell signals whenever the trend flips (Up → Buy, Down → Sell).
Covered points label at the end of each trend, showing the total price movement captured from entry to exit.
Optional colored candles based on trend direction.
Visual markers (triangle up/down) for quick identification of flips.
Built-in alert conditions for Buy and Sell flips.
Use case:
Designed for traders who want not only entry/exit alerts but also a quick view of how many points the previous run covered. Especially useful for index futures (e.g., NIFTY, BankNIFTY) or instruments where point movement matters.
⚠ Note: This is a study/indicator, not a strategy. It does not auto-trade and should be combined with your own analysis and risk management.
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。
开源脚本
本着TradingView的真正精神，此脚本的创建者将其开源，以便交易者可以查看和验证其功能。向作者致敬！虽然您可以免费使用它，但请记住，重新发布代码必须遵守我们的网站规则。
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。