1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
3Paste over the templateCreate a new indicator, select all of the template text and paste. Press Save and give it a name.
4Add it to the chartPress Add to chart, then adjust the settings with the gear icon next to its name.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Supertrend Enhanced builds upper and lower bands from an ATR or a simple moving average of true range, then flips direction when price crosses the opposite band. Optional filters require RSI to stay below a buy ceiling or above a sell floor, and volume to exceed its average by a multiplier. A higher-timeframe Supertrend can confirm the local trend. Users can toggle signals, labels, trend highlighting, colors, and a trend strength panel.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
ATR Period
int
10
atr_period
ATR Multiplier
float
3.0
atr_multiplier
Source
source
hl2
src
Use True ATR
bool
true
change_atr
Enable RSI Filter
bool
true
use_rsi_filter
RSI Period
int
14
rsi_period
RSI Max for BUY
int
65
rsi_buy_max
RSI Min for SELL
int
35
rsi_sell_min
Enable Volume Filter
bool
true
use_volume_filter
Volume Multiplier
float
1.2
volume_mult
Enable MTF Confirmation
bool
false
use_mtf
Higher Timeframe
timeframe
60
mtf_timeframe
Show all 19 settings
Setting
Type
Default
Variable
Show Buy/Sell Signals
bool
true
show_signals
Show Labels on Signals
bool
true
show_labels
Highlight Trend
bool
true
highlighting
Show Trend Strength Panel
bool
true
show_strength
Panel Position
string
Top Right
panel_position
Bullish Color
color
#00ff00
bull_color
Bearish Color
color
#ff0000
bear_color
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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