Supertrend Ichimoku Chop Combina…: Free TradingView Indicator (Pine Script)

Add It to Your TradingView Chart

1Copy the scriptPress Copy script above, or the copy button on the code below.
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

292 lines of Pine Script v5 from indicator/COMBINATION INDICATOR Supertrend Ichimoku Chop (林19).pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.

COMBINATION INDICATOR Supertrend Ichimoku Chop (林19).pine

// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © HayashiHitsuji

//@version=5
indicator("Supertrend Ichimoku Chop Combination Indicator (林19)", shorttitle = "Super Ichimoku Chopiness (林19)", overlay = true)

////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

// INDICATOR INPUT =============================================================
// SUPERTREND //
st_ind = input.bool(false, "--------------- ATR INDICATOR ---------------")

st_signal   = input.bool(true, "Show supertrend long short signal?")
atr_type    = input.bool(true, "Use atr highest lowest calculation?")

atr_src     = input.source(hl2, "ATR Source")
atr_length  = input.int(1, "ATR")
atr_mult    = input.float(1.85, "ATR Mult")

// ICHIMOKU CLOUD //
ichimoku_ind = input.bool(false, "--------------- ICHIMOKU INDICATOR ---------------")

ichimoku        = input.bool(true, 'Show Ichimoku?')

con_per         = input.int(9, 'Conversion Line Length')
base_per        = input.int(26, 'Base Line Length')
lagspan_per     = input.int(52, 'Leading Span Length')
displacement    = input.int(26, 'Displacement')

// CHOP CANDLE //
chop = input.bool(false, "--------------- CHOP CANDLE INDICATOR ---------------")

show_candle     = input.bool(true, "Show the candle?")
// ========================================================================== //

// INDICATOR CALCULATION =======================================================
// SUPERTREND //

// Algo: set the heikin ashi candle source =====================================
ha_open     = request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, open)
ha_high     = request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, high)
ha_low      = request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, low)
ha_close    = request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, close)
// ========================================================================== //

// Algo: ATR manual calculation, the source from the heikin ashi ===============
pine_atr(length) =>
    trueRange = na(ha_high[1])? ha_high-ha_low : math.max(math.max(ha_high - ha_low, math.abs(ha_high - ha_close[1])), math.abs(ha_low - ha_close[1]))
    ta.rma(trueRange, length)

atr = atr_mult * pine_atr(atr_length)
// ========================================================================== //

// Algo: set the supertrend value ==============================================
longStop        = (atr_type ? ta.highest(ha_close, atr_length) : ta.highest(atr_length)) - atr
longStopPrev    = nz(longStop[1], longStop) 
longStop        := ha_close[1] > longStopPrev ? math.max(longStop, longStopPrev) : longStop

shortStop       = (atr_type ? ta.lowest(ha_close, atr_length) : ta.lowest(atr_length)) + atr
shortStopPrev   = nz(shortStop[1], shortStop)
shortStop       := ha_close[1] < shortStopPrev ? math.min(shortStop, shortStopPrev) : shortStop

var int dir = 1
dir := ha_close > shortStopPrev ? 1 : ha_close < longStopPrev ? -1 : dir

// Supertrend color
var color longColor     = color.aqua
var color shortColor    = color.fuchsia
// ========================================================================== //

// INCHIMOKU CLOUD //
donchian(len) => math.avg(ta.lowest(len), ta.highest(len))

con_line        = donchian(con_per)
base_line       = donchian(base_per)

lead_line_1     = math.avg(con_line, base_line)
lead_line_2     = donchian(lagspan_per)

lag_span        = close

// CHOP CANDLE //
src = input(close, title = "Source")

avg         = input.source(ohlc4, "Indicator Average Source")
pi          = math.atan(input.int(1, "Arctan")) * input.int(4, "Arctan Mult")
periods     = input.int(30, "High Low Period")
highestHigh = ta.highest(periods)
lowestLow   = ta.lowest(periods)
span        = input.int(25, "Span") / (highestHigh - lowestLow) * lowestLow
ema34       = ta.ema(src, input.int(34, "EMA"))

x1_ema34    = 0
x2_ema34    = 1
y1_ema34    = 0
y2_ema34    = (ema34[1] - ema34) / avg * span

c_ema34     = math.sqrt((x2_ema34 - x1_ema34) * (x2_ema34 - x1_ema34) + (y2_ema34 - y1_ema34)*(y2_ema34 - y1_ema34))
emaAngle_1  = math.round(180 * math.acos((x2_ema34 - x1_ema34)/c_ema34) / pi)
emaAngle    = y2_ema34 > 0 ? - emaAngle_1 : emaAngle_1

chopZoneColor = emaAngle >= 5 ? #00FF00 :
                     emaAngle < 5 and emaAngle >= 3.57 ? #00FFFF :
                         emaAngle < 3.57 and emaAngle >= 2.14 ? #005EFF :
                             emaAngle < 2.14 and emaAngle >= .71 ? #A4E600 :
                                 emaAngle <= -1 * 5 ? #FF0000 :
                                     emaAngle > -1 * 5 and emaAngle <= -1 * 3.57 ? #FF17FF :
                                         emaAngle > -1 * 3.57 and emaAngle <= -1 * 2.14 ? #BE0AFF :
                                             emaAngle > -1 * 2.14 and emaAngle <= -1 * .71 ? #FF5500 :
                                                 color.yellow
                                                 
// candle
plotcandle(show_candle ? open : na, high, low, close, color = chopZoneColor, wickcolor = chopZoneColor, bordercolor = chopZoneColor)
// ========================================================================== //

////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

// INDICATOR CONDITION =========================================================
buy_signal      = dir == 1 and dir[1] == -1
sell_signal     = dir == -1 and dir[1] == 1
// ========================================================================== //

// INDICATOR PLOT ============================================================== 
plotshape(st_signal and buy_signal ? close - low/100 : na, text = "Long", location = location.absolute, style = shape.labelup, size = size.tiny, color = #00FF00, textcolor = color.white)
plotshape(st_signal and sell_signal ? close + high/100 : na, text = "Short", location = location.absolute, style = shape.labeldown, size = size.tiny, color = #FF0000, textcolor = color.white)

// ICHIMOKU CLOUD //
p1 = plot(ichimoku ? lead_line_1 : na, color = #00FF00, title = 'Leading Span A')
p2 = plot(ichimoku ? lead_line_2 : na, color = #FF0000, title = 'Leading Span B')

kumo_color      = lead_line_1 >= lead_line_2 ? #00FF00 : #FF0000
fill(p1, p2, color = color.new(kumo_color, 90))
// ========================================================================== //

////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

//add on
ema = input.bool(false, "EMA")

ema50 = ta.ema(close, 50)
ema100 = ta.ema(close, 100)
ema200 = ta.ema(close, 200)

plot(ema ? ema50 : na, color = color.lime)
plot(ema ? ema100 : na, color = color.white)
plot(ema ? ema200 : na, color = color.red)
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © HayashiHitsuji

//@version=5
indicator("Supertrend Ichimoku Chop Combination Indicator (林19)", shorttitle = "Super Ichimoku Chopiness (林19)", overlay = true)

////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

// INDICATOR INPUT =============================================================
// SUPERTREND //
st_ind = input.bool(false, "--------------- ATR INDICATOR ---------------")

st_signal   = input.bool(true, "Show supertrend long short signal?")
atr_type    = input.bool(true, "Use atr highest lowest calculation?")

atr_src     = input.source(hl2, "ATR Source")
atr_length  = input.int(1, "ATR")
atr_mult    = input.float(1.85, "ATR Mult")

// ICHIMOKU CLOUD //
ichimoku_ind = input.bool(false, "--------------- ICHIMOKU INDICATOR ---------------")

ichimoku        = input.bool(true, 'Show Ichimoku?')

con_per         = input.int(9, 'Conversion Line Length')
base_per        = input.int(26, 'Base Line Length')
lagspan_per     = input.int(52, 'Leading Span Length')
displacement    = input.int(26, 'Displacement')

// CHOP CANDLE //
chop = input.bool(false, "--------------- CHOP CANDLE INDICATOR ---------------")

show_candle     = input.bool(true, "Show the candle?")
// ========================================================================== //

// INDICATOR CALCULATION =======================================================
// SUPERTREND //

// Algo: set the heikin ashi candle source =====================================
ha_open     = request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, open)
ha_high     = request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, high)
ha_low      = request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, low)
ha_close    = request.security(ticker.heikinashi(syminfo.tickerid), timeframe.period, close)
// ========================================================================== //

// Algo: ATR manual calculation, the source from the heikin ashi ===============
pine_atr(length) =>
    trueRange = na(ha_high[1])? ha_high-ha_low : math.max(math.max(ha_high - ha_low, math.abs(ha_high - ha_close[1])), math.abs(ha_low - ha_close[1]))
    ta.rma(trueRange, length)

atr = atr_mult * pine_atr(atr_length)
// ========================================================================== //

// Algo: set the supertrend value ==============================================
longStop        = (atr_type ? ta.highest(ha_close, atr_length) : ta.highest(atr_length)) - atr
longStopPrev    = nz(longStop[1], longStop) 
longStop        := ha_close[1] > longStopPrev ? math.max(longStop, longStopPrev) : longStop

shortStop       = (atr_type ? ta.lowest(ha_close, atr_length) : ta.lowest(atr_length)) + atr
shortStopPrev   = nz(shortStop[1], shortStop)
shortStop       := ha_close[1] < shortStopPrev ? math.min(shortStop, shortStopPrev) : shortStop

var int dir = 1
dir := ha_close > shortStopPrev ? 1 : ha_close < longStopPrev ? -1 : dir

// Supertrend color
var color longColor     = color.aqua
var color shortColor    = color.fuchsia
// ========================================================================== //

// INCHIMOKU CLOUD //
donchian(len) => math.avg(ta.lowest(len), ta.highest(len))

con_line        = donchian(con_per)
base_line       = donchian(base_per)

lead_line_1     = math.avg(con_line, base_line)
lead_line_2     = donchian(lagspan_per)

lag_span        = close

// CHOP CANDLE //
src = input(close, title = "Source")

avg         = input.source(ohlc4, "Indicator Average Source")
pi          = math.atan(input.int(1, "Arctan")) * input.int(4, "Arctan Mult")
periods     = input.int(30, "High Low Period")
highestHigh = ta.highest(periods)
lowestLow   = ta.lowest(periods)
span        = input.int(25, "Span") / (highestHigh - lowestLow) * lowestLow
ema34       = ta.ema(src, input.int(34, "EMA"))

x1_ema34    = 0
x2_ema34    = 1
y1_ema34    = 0
y2_ema34    = (ema34[1] - ema34) / avg * span

c_ema34     = math.sqrt((x2_ema34 - x1_ema34) * (x2_ema34 - x1_ema34) + (y2_ema34 - y1_ema34)*(y2_ema34 - y1_ema34))
emaAngle_1  = math.round(180 * math.acos((x2_ema34 - x1_ema34)/c_ema34) / pi)
emaAngle    = y2_ema34 > 0 ? - emaAngle_1 : emaAngle_1

chopZoneColor = emaAngle >= 5 ? #00FF00 :
                     emaAngle < 5 and emaAngle >= 3.57 ? #00FFFF :
                         emaAngle < 3.57 and emaAngle >= 2.14 ? #005EFF :
                             emaAngle < 2.14 and emaAngle >= .71 ? #A4E600 :
                                 emaAngle <= -1 * 5 ? #FF0000 :
                                     emaAngle > -1 * 5 and emaAngle <= -1 * 3.57 ? #FF17FF :
                                         emaAngle > -1 * 3.57 and emaAngle <= -1 * 2.14 ? #BE0AFF :
                                             emaAngle > -1 * 2.14 and emaAngle <= -1 * .71 ? #FF5500 :
                                                 color.yellow
                                                 
// candle
plotcandle(show_candle ? open : na, high, low, close, color = chopZoneColor, wickcolor = chopZoneColor, bordercolor = chopZoneColor)
// ========================================================================== //

////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

// INDICATOR CONDITION =========================================================
buy_signal      = dir == 1 and dir[1] == -1
sell_signal     = dir == -1 and dir[1] == 1
// ========================================================================== //

// INDICATOR PLOT ============================================================== 
plotshape(st_signal and buy_signal ? close - low/100 : na, text = "Long", location = location.absolute, style = shape.labelup, size = size.tiny, color = #00FF00, textcolor = color.white)
plotshape(st_signal and sell_signal ? close + high/100 : na, text = "Short", location = location.absolute, style = shape.labeldown, size = size.tiny, color = #FF0000, textcolor = color.white)

// ICHIMOKU CLOUD //
p1 = plot(ichimoku ? lead_line_1 : na, color = #00FF00, title = 'Leading Span A')
p2 = plot(ichimoku ? lead_line_2 : na, color = #FF0000, title = 'Leading Span B')

kumo_color      = lead_line_1 >= lead_line_2 ? #00FF00 : #FF0000
fill(p1, p2, color = color.new(kumo_color, 90))
// ========================================================================== //

////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////////

//add on
ema = input.bool(false, "EMA")

ema50 = ta.ema(close, 50)
ema100 = ta.ema(close, 100)
ema200 = ta.ema(close, 200)

plot(ema ? ema50 : na, color = color.lime)
plot(ema ? ema100 : na, color = color.white)
plot(ema ? ema200 : na, color = color.red)

Overview

Each part has its own switch and inputs for source, lengths and displacement. Supertrend long and short signals are optional. Parts of the code were not shown, so the exact chop logic is not confirmed.

Heikin Ashi based Supertrend
Ichimoku cloud with adjustable periods
Chop candle colouring
Optional long and short signals

Details

Published by

hayashi19 on GitHub

Code credit

HayashiHitsuji, as written in the script's header

Type

Indicator, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.

File

indicator/COMBINATION INDICATOR Supertrend Ichimoku Chop (林19).pine

Repository

github.com/hayashi19/pinescript_code. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
--------------- ATR INDICATOR ---------------	`bool`	`false`	`st_ind`
Show supertrend long short signal?	`bool`	`true`	`st_signal`
Use atr highest lowest calculation?	`bool`	`true`	`atr_type`
ATR Source	`source`	`hl2`	`atr_src`
ATR	`int`	`1`	`atr_length`
ATR Mult	`float`	`1.85`	`atr_mult`
--------------- ICHIMOKU INDICATOR ---------------	`bool`	`false`	`ichimoku_ind`
Show Ichimoku?	`bool`	`true`	`ichimoku`
Conversion Line Length	`int`	`9`	`con_per`
Base Line Length	`int`	`26`	`base_per`
Leading Span Length	`int`	`52`	`lagspan_per`
Displacement	`int`	`26`	`displacement`

Show all 40 settings

Setting	Type	Default	Variable
--------------- CHOP CANDLE INDICATOR ---------------	`bool`	`false`	`chop`
Show the candle?	`bool`	`true`	`show_candle`
Source	`source`	`close`	`src`
Indicator Average Source	`source`	`ohlc4`	`avg`
Arctan	`int`	`1`	`Arctan`
Arctan Mult	`int`	`4`	`Arctan Mult`
High Low Period	`int`	`30`	`periods`
Span	`int`	`25`	`span`
EMA	`int`	`34`	`EMA`
EMA	`bool`	`false`	`ema`
--------------- ATR INDICATOR ---------------	`bool`	`false`	`st_ind`
Show supertrend long short signal?	`bool`	`true`	`st_signal`
Use atr highest lowest calculation?	`bool`	`true`	`atr_type`
ATR Source	`source`	`hl2`	`atr_src`
ATR	`int`	`1`	`atr_length`
ATR Mult	`float`	`1.85`	`atr_mult`
--------------- ICHIMOKU INDICATOR ---------------	`bool`	`false`	`ichimoku_ind`
Show Ichimoku?	`bool`	`true`	`ichimoku`
Conversion Line Length	`int`	`9`	`con_per`
Base Line Length	`int`	`26`	`base_per`
Leading Span Length	`int`	`52`	`lagspan_per`
Displacement	`int`	`26`	`displacement`
--------------- CHOP CANDLE INDICATOR ---------------	`bool`	`false`	`chop`
Show the candle?	`bool`	`true`	`show_candle`
Source	`source`	`close`	`src`
Indicator Average Source	`source`	`ohlc4`	`avg`
Arctan	`int`	`1`	`Arctan`
Arctan Mult	`int`	`4`	`Arctan Mult`

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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