OPEN-SOURCE SCRIPT
Dual Supertrend tohungmc tik
Dual Supertrend is an advanced trend-following indicator that combines two Supertrend strategies — a Large Supertrend and a Small Supertrend — to provide you with more precise entry and exit signals.
This indicator plots two Supertrend lines:
Large Supertrend (Blue and Orange): A broader trend that reacts slower to price movements.
Small Supertrend (Green and Red): A faster trend that responds quicker to market changes.
Key Features:
Customizable ATR Periods and Multipliers for both Large and Small Supertrends.
Buy/Sell Signals: When the Small Supertrend trend changes, and it's aligned with the Large Supertrend, you get reliable buy and sell signals.
Highlighting: The background can be highlighted in green or red, depending on whether the Large Supertrend is in an uptrend or downtrend.
Alerts: Alerts can be set for buy/sell signals or when the trend direction changes.
Use Case:
This indicator is designed for traders looking to follow both long-term and short-term trends. By combining the slower Large Supertrend with the faster Small Supertrend, it gives a more comprehensive view of market trends and better entry/exit points.
Indicator Inputs:
ATR Periods and Multipliers: Control how sensitive the Supertrend reacts to market changes.
Highlighting: Enable/Disable background highlighting.
Buy/Sell Signals: Option to show buy/sell signals based on trend direction changes.
This indicator plots two Supertrend lines:
Large Supertrend (Blue and Orange): A broader trend that reacts slower to price movements.
Small Supertrend (Green and Red): A faster trend that responds quicker to market changes.
Key Features:
Customizable ATR Periods and Multipliers for both Large and Small Supertrends.
Buy/Sell Signals: When the Small Supertrend trend changes, and it's aligned with the Large Supertrend, you get reliable buy and sell signals.
Highlighting: The background can be highlighted in green or red, depending on whether the Large Supertrend is in an uptrend or downtrend.
Alerts: Alerts can be set for buy/sell signals or when the trend direction changes.
Use Case:
This indicator is designed for traders looking to follow both long-term and short-term trends. By combining the slower Large Supertrend with the faster Small Supertrend, it gives a more comprehensive view of market trends and better entry/exit points.
Indicator Inputs:
ATR Periods and Multipliers: Control how sensitive the Supertrend reacts to market changes.
Highlighting: Enable/Disable background highlighting.
Buy/Sell Signals: Option to show buy/sell signals based on trend direction changes.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.