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SuperTrend Indicator
Source: https://fxcodebase.com/code/viewtopic.php?f=17&t=605
Forum: 17 · Topic 605 · 17 post(s)
SuperTrend Indicator
Nikolay.Gekht · Sun Apr 11, 2010 8:06 pm
note: new version of the indicator is available here: viewtopic.php?f=17&t=2527
This is the implementation of Olivier Seban’s Supertrend indicator.
Code: Select all `– Indicator profile initialization routine – Defines indicator profile properties and indicator parameters function Init() indicator:name(“SuperTrend Indicator”); indicator:description(“The indicator displays the buying and selling with the colors. The indicator is initially developed by Jason Robinson for MT4”); indicator:requiredSource(core.Bar); indicator:type(core.Indicator);
indicator.parameters:addInteger(“N”, “Number of periods”, “No description”, 10); indicator.parameters:addDouble(“M”, “Multiplier”, “No description”, 1.5); indicator.parameters:addColor(“UP_color”, “Color of UP”, “Color of UP”, core.rgb(0, 255, 0)); indicator.parameters:addColor(“DN_color”, “Color of DN”, “Color of DN”, core.rgb(255, 0, 0)); end
– Indicator instance initialization routine – Processes indicator parameters and creates output streams – Parameters block local N; local M;
local first; local source = nil; local ATR = nil;
– Streams block local TrUP = nil; local TrDN = nil; local UP = nil; local DN = nil; local TR = nil;
– Routine function Prepare() N = instance.parameters.N; M = instance.parameters.M; source = instance.source; ATR = core.indicators:create(“ATR”, source, N); first = ATR.DATA:first(); local name = profile:id() .. “(“ .. source:name() .. “, “ .. N .. “, “ .. M .. “)”; instance:name(name); UP = instance:addInternalStream(first, 0); DN = instance:addInternalStream(first, 0); TR = instance:addInternalStream(first, 0); TrUP = instance:addStream(“UP”, core.Line, name .. “.UP”, “UP”, instance.parameters.UP_color, first); TrDN = instance:addStream(“DN”, core.Line, name .. “.DN”, “DN”, instance.parameters.DN_color, first); end
– Indicator calculation routine function Update(period, mode) ATR:update(mode); TR[period] = 1; if period >= first then local median, atr, change; atr = ATR.DATA[period]; median = (source.high[period] + source.low[period]) / 2; UP[period] = median + atr * M; DN[period] = median - atr * M;
if period >= first + 1 then change = false; if source.close[period] > UP[period - 1] then TR[period] = 1; if TR[period - 1] == -1 then change = true; end elseif source.close[period] < DN[period - 1] then TR[period] = -1; if TR[period - 1] == 1 then change = true; end else TR[period] = TR[period - 1]; end
local flag, flagh;
if TR[period] < 0 and TR[period - 1] > 0 then flag = 1; else flag = 0; end
if TR[period] > 0 and TR[period - 1] < 0 then flagh = 1; else flagh = 0; end
if TR[period] > 0 and DN[period] < DN[period - 1] then DN[period] = DN[period - 1]; end
if TR[period] < 0 and UP[period] > UP[period - 1] then UP[period] = UP[period - 1]; end
if flag == 1 then UP[period] = median + atr * M; end
if flagh == 1 then DN[period] = median - atr * M; end
if TR[period] == 1 then TrUP[period] = DN[period]; if change then TrUP[period - 1] = TrDN[period - 1]; end end
if TR[period] == -1 then TrDN[period] = UP[period]; if change then TrDN[period - 1] = TrUP[period - 1]; end end end end end`
Single Stream Version
Indicator-based strategy. https://fxcodebase.com/code/viewtopic.php?f=31&t=75138
Re: SuperTrend Indicator
duzhaoping · Wed Feb 16, 2011 1:35 am
Would you provide a detailed formula?Thanks a lot.
Re: SuperTrend Indicator
Apprentice · Tue Feb 22, 2011 3:11 pm
Single Stream Version for Use within Signals and Strategys.
Re: SuperTrend Indicator
ak_nomiss · Fri Feb 25, 2011 10:52 pm
Apprentice wrote: Single Stream Version for Use within Signals and Strategys.
SuperTrend.lua
do you mean this one have signal and strategy inside ? or it just an update indicator
Re: SuperTrend Indicator
Apprentice · Sat Feb 26, 2011 5:59 am
However, only this version using some strategies and signals. The two versions differ, it is the question of compatibility.
Re: SuperTrend Indicator
numa-numa · Tue Aug 16, 2011 6:31 am
Hi,
a systematic large-scale analysis of Super-Trend parameter influence and recommendations for the best parameters for all major FOREX pairs is given here:
(tiny url: http://wp.me/p1M1iZ-6)
The analysis is based on >12 years back testing for each currency pair.
Hope this helps in selecting your best parameters
With Best Regards
Re: SuperTrend Indicator
Apprentice · Sat Jan 21, 2017 6:12 am
Indicator was revised and updated.
Re: SuperTrend Indicator
Apprentice · Sat Jan 21, 2017 6:28 am
Two Super Trend Line Cross Strategy is available here. viewtopic.php?f=31&t=64320&p=110640#p110640
Re: SuperTrend Indicator
Apprentice · Mon Feb 05, 2018 8:36 am
The Indicator was revised and updated.
Re: SuperTrend Indicator
easytrading · Tue Jun 12, 2018 8:23 pm
Hello Apprentice, if you please, could we have price overlay for SuperTrend.lua (the first post) with my appreciation.
Re: SuperTrend Indicator
Apprentice · Wed Jun 13, 2018 6:25 am
SuperTrend Overlay.lua added.
Re: SuperTrend Indicator
harshal5sajane · Wed Apr 06, 2022 3:52 pm
hello , its great to see people help with the passion to everybody
can super trend strategy be available in 2 parts —
1.only for buy = when we consider only to buy and not sell in up trending market it should only take buy position
- only for short=when we consider only to sell and not buy in down trend market it should only take short position with simple super trend indicator and no complication of other indicator
thank you really appreciate if you can provide this Harshal
Re: SuperTrend Indicator
Apprentice · Sat Apr 09, 2022 11:57 am
Your request is added to the development list. Development reference 213.
Re: SuperTrend Indicator
harshal5sajane · Mon Apr 11, 2022 2:39 pm
Thanks for the development
And really appreciate the work
Harshal
Re: SuperTrend Indicator
Xtian56 · Fri Apr 22, 2022 6:03 am
Nikolay.Gekht wrote: note: new version of the indicator is available here: viewtopic.php?f=17&t=2527
This is the implementation of Olivier Seban’s Supertrend indicator.
supertrend.png
Single Stream Version
SuperTrend Overlay.lua
My Question please
Thanks for the development,
Would it be possible to change the color of the heikin ashi candles by the color of the candles SuperTrend Overlay Candles indicator please ? Thanks very much …
Re: SuperTrend Indicator
Apprentice · Mon Apr 25, 2022 7:57 am
Try this version. https://fxcodebase.com/code/viewtopic.php?f=17&t=72120
Re: SuperTrend Indicator
Xtian56 · Mon Apr 25, 2022 3:32 pm
Apprentice wrote: Try this version. https://fxcodebase.com/code/viewtopic.php?f=17&t=72120
Hello, Thank you very much for your answer