Here is an extensive library on different variations of supertrend.

Library "supertrend"
supertrend : Library dedicated to different variations of supertrend

supertrend_atr(length, multiplier, atrMaType, source, highSource, lowSource, waitForClose, delayed) supertrend_atr: Simple supertrend based on atr but also takes into consideration of custom MA Type, sources
Parameters:
  • length: : ATR Length
  • multiplier: : ATR Multiplier
  • atrMaType: : Moving Average type for ATR calculation. This can be sma , ema , hma , rma, wma , vwma , swma
  • source: : Default is close. Can Chose custom source
  • highSource: : Default is high. Can also use close price for both high and low source
  • lowSource: : Default is low. Can also use close price for both high and low source
  • waitForClose: : Considers source for direction change crossover if checked. Else, uses highSource and lowSource.
  • delayed: : if set to true lags supertrend atr stop based on target levels.
Returns: dir : Supertrend direction
supertrend : BuyStop if direction is 1 else SellStop

supertrend_bands(bandType, maType, length, multiplier, source, highSource, lowSource, waitForClose, useTrueRange, useAlternateSource, alternateSource, sticky) supertrend_bands: Simple supertrend based on atr but also takes into consideration of custom MA Type, sources
Parameters:
  • bandType: : Type of band used - can be bb, kc or dc
  • maType: : Moving Average type for Bands. This can be sma , ema , hma , rma, wma , vwma , swma
  • length: : Band Length
  • multiplier: : Std deviation or ATR multiplier for Bollinger Bands and Keltner Channel
  • source: : Default is close. Can Chose custom source
  • highSource: : Default is high. Can also use close price for both high and low source
  • lowSource: : Default is low. Can also use close price for both high and low source
  • waitForClose: : Considers source for direction change crossover if checked. Else, uses highSource and lowSource.
  • useTrueRange: : Used for Keltner channel. If set to false, then high-low is used as range instead of true range
  • useAlternateSource: - Custom source is used for Donchian Chanbel only if useAlternateSource is set to true
  • alternateSource: - Custom source for Donchian channel
  • sticky: : if set to true borders change only when price is beyond borders.
Returns: dir : Supertrend direction
supertrend : BuyStop if direction is 1 else SellStop

supertrend_zigzag(length, history, useAlternateSource, alternateSource, source, highSource, lowSource, waitForClose, atrlength, multiplier, atrMaType) supertrend_zigzag: Zigzag pivot based supertrend
Parameters:
  • length: : Zigzag Length
  • history: : number of historical pivots to consider
  • useAlternateSource: - Custom source is used for Zigzag only if useAlternateSource is set to true
  • alternateSource: - Custom source for Zigzag
  • source: : Default is close. Can Chose custom source
  • highSource: : Default is high. Can also use close price for both high and low source
  • lowSource: : Default is low. Can also use close price for both high and low source
  • waitForClose: : Considers source for direction change crossover if checked. Else, uses highSource and lowSource.
  • atrlength: : ATR Length
  • multiplier: : ATR Multiplier
  • atrMaType: : Moving Average type for ATR calculation. This can be sma , ema , hma , rma, wma , vwma , swma
Returns: dir : Supertrend direction
supertrend : BuyStop if direction is 1 else SellStop
릴리즈 노트: Add signature ;)
릴리즈 노트: Added new method zsupertrend - which is same as supertrend_zigzag. But, instead of calculating zigzag freshly, this method takes precalculated zigzag array as input.

zsupertrend(zigzagpivots, history, source, highSource, lowSource, waitForClose, atrlength, multiplier, atrMaType) zsupertrend: Same as zigzag supertrend. But, works on already calculated array rather than Calculating fresh zigzag
  Parameters:
    zigzagpivots: : Precalculated zigzag pivots
    history: : number of historical pivots to consider
    source: : Default is close. Can Chose custom source
    highSource: : Default is high. Can also use close price for both high and low source
    lowSource: : Default is low. Can also use close price for both high and low source
    waitForClose: : Considers source for direction change crossover if checked. Else, uses highSource and lowSource.
    atrlength: : ATR Length
    multiplier: : ATR Multiplier
    atrMaType: : Moving Average type for ATR calculation. This can be sma, ema, hma, rma, wma, vwma, swma
  Returns: dir : Supertrend direction
supertrend : BuyStop if direction is 1 else SellStop
릴리즈 노트: Added multiband supertrend

msupertrend(bandType, source, maType, length, useTrueRange, highSource, lowSource, waitForClose, numberOfBands, multiplierStart, multiplierStep, trailingDistance, trailStates) msupertrend : Dynamic trailing supertrend based on multiple bands - either bollinger bands or keltener channel
  Parameters:
    bandType: : Band type - can be either bb or kc
    source: : custom source if required
    maType: : Moving Average Type : Can be sma, ema, hma, rma, wma, vwma, swma, highlow, linreg, median
    length: : Oscillator length - not used for TSI
    useTrueRange: : if set to false, uses high-low.
    highSource: : Default is high. Can also use close price for both high and low source
    lowSource: : Default is low. Can also use close price for both high and low source
    waitForClose: : Considers source for direction change crossover if checked. Else, uses highSource and lowSource.
    numberOfBands: : Number of bands to generate
    multiplierStart: : Starting ATR or Standard deviation multiplier for first band
    multiplierStep: : Incremental value for multiplier for each band
    trailingDistance: : Number of band states to trail for trailing stop.
    trailStates: : If selected trails the band states along with trailing price. If unselected only price is trailed.
  Returns: dir : Supertrend direction
supertrend : BuyStop if direction is 1 else SellStop
릴리즈 노트: v5

Updated dependent libraries

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In true TradingView spirit, the author has published this Pine code as an open-source library so that other Pine programmers from our community can reuse it. Cheers to the author! You may use this library privately or in other open-source publications, but reuse of this code in a publication is governed by House Rules.

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