OPEN-SOURCE SCRIPT
MA Candles - Supertrend
Converting strategy to indicator for those who want to use it as indicator.
Concepts are simple:
Alerts:
Original strategy is present here:
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:
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.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
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.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
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.