PROTECTED SOURCE SCRIPT

Supertrend

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This script is a technical trading system based on the Supertrend indicator applied to traditional candlestick charts. The Supertrend is a popular trend-following indicator that helps identify the prevailing market direction and provides clear entry and exit signals.

✅ Key Features:
Indicator Used: Supertrend (based on ATR - Average True Range)

Chart Type: Regular candlestick (time-based) chart

Buy Signal: Triggered when the price closes above the Supertrend line (trend flips to bullish)

Sell Signal: Triggered when the price closes below the Supertrend line (trend flips to bearish)

Signal Alerts: Optionally, the script can be set to send alerts for each buy/sell signal

Customisable Inputs:

Supertrend period (length) – controls ATR smoothing

Supertrend multiplier (factor) – affects the sensitivity of the trend change

Entry Type: Signals are based on confirmed candle closes, avoiding false signals

Visuals: Colour-coded Supertrend lines (e.g., green for buy, red for sell) for easy trend identification

Penafian

Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.