OPEN-SOURCE SCRIPT
Updated Supertrend Ext
1st it exactly looks like the original Supertrend indicator. But if you see the options, you can see it is totally different:
- It uses my other indicator inside: Zero Lag Keltner Channels, so you can use smoothed ATR bands for calculation instead of the raw ATR. By default it's length is 1 so it works like the original Supertrend.
- You can choose different sources and moving averages for Keltner Channel calculation
- It can filter outliers in ATR calculation
- The indicator code is in my TAExt library, so it can easily be used in custom strategies.
Release Notes
Multiple timeframe supportRelease Notes
- Cleaned unused parameters and calculations
- Fixed the offset feature
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.