Created
December 18, 2014 09:42
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Supertrend V1.0 - Pinescript
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| study("Supertrend V1.0 - Marketcalls", overlay = true) | |
| Factor=input(3, minval=1,maxval = 100) | |
| Pd=input(7, minval=1,maxval = 100) | |
| Up=hl2-(Factor*atr(Pd)) | |
| Dn=hl2+(Factor*atr(Pd)) | |
| TrendUp=close[1]>TrendUp[1]? max(Up,TrendUp[1]) : Up | |
| TrendDown=close[1]<TrendDown[1]? min(Dn,TrendDown[1]) : Dn | |
| Trend = close > TrendDown[1] ? 1: close< TrendUp[1]? -1: nz(Trend[1],1) | |
| Tsl = Trend==1? TrendUp: TrendDown | |
| linecolor = Trend == 1 ? green : red | |
| plot(Tsl, color = linecolor , style = line , linewidth = 2,title = "SuperTrend") | |
| plotshape(cross(close,Tsl) and close>Tsl , "Up Arrow", shape.triangleup,location.belowbar,green,0,0) | |
| plotshape(cross(Tsl,close) and close<Tsl , "Down Arrow", shape.triangledown , location.abovebar, red,0,0) | |
| //plot(Trend==1 and Trend[1]==-1,color = linecolor, style = circles, linewidth = 3,title="Trend") | |
| plotarrow(Trend == 1 and Trend[1] == -1 ? Trend : na, title="Up Entry Arrow", colorup=lime, maxheight=60, minheight=50, transp=0) | |
| plotarrow(Trend == -1 and Trend[1] == 1 ? Trend : na, title="Down Entry Arrow", colordown=red, maxheight=60, minheight=50, transp=0) | |
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