by 
This indicator plots an ATR-based Chandelier Exit trailing stop on the price chart. It tracks a long stop under recent highs and a short stop above recent lows, then switches direction when price crosses the opposite stop. Buy and sell labels mark those flips.
Indicator · Pine Script v4 · On the chart
Supertrend MTF Heikin Ashi
This indicator calculates and plots Supertrend lines based on Heikin Ashi price data for both the current chart timeframe and a higher timeframe.
GitHub stars4on the repository
Pine versionv4older, still runs
Lines of code82
Settings4inputs
LicenceGPL-3.0
Last update5 years ago2 Nov 2020
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
82 lines of Pine Script v4 from indicator/ATR.pine, published under GPL-3.0. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
//
//@version=4
study("Supertrend MTF Heikin Ashi", overlay = true)
mode =input(title = "HTF Method", defval = 'Auto', options=['Auto', 'User Defined'])
//auto higher time frame
HTFo =timeframe.period == '1' ? '5' :
timeframe.period == '3' ? '15' :
timeframe.period == '5' ? '15' :
timeframe.period == '15' ? '60' :
timeframe.period == '30' ? '120' :
timeframe.period == '45' ? '120' :
timeframe.period == '60' ? '240' :
timeframe.period == '120' ? '240' :
timeframe.period == '180' ? '240' :
timeframe.period == '240' ? 'D' :
timeframe.period == 'D' ? 'W' :
'5W'
HTFm = input('5', title = "Time Frame (if HTF Method=User Defined)", type=input.resolution)
HTF = mode == 'Auto' ? HTFo : HTFm
Mult = input(defval = 2.0, title = "ATR Factor", minval = 0.5, maxval = 100, step = 0.1)
Period = input(defval = 7, title = "ATR Period", minval = 1,maxval = 100)
//Heikin Ashi high, low, close
h = security(heikinashi(syminfo.tickerid), timeframe.period, high)
l = security(heikinashi(syminfo.tickerid), timeframe.period, low)
c = security(heikinashi(syminfo.tickerid), timeframe.period, close)
//HeikinAshi atr
Atr = security(heikinashi(syminfo.tickerid), timeframe.period, atr(Period))
Up = (h + l) / 2 - (Mult * Atr)
Dn = (h + l) / 2 + (Mult * Atr)
float TUp = na
float TDown = na
Trend = 0
TUp := c[1] > TUp[1] ? max(Up,TUp[1]) : Up
TDown := c[1] < TDown[1] ? min(Dn,TDown[1]) : Dn
Trend := c > TDown[1] ? 1: c < TUp[1]? -1: nz(Trend[1],1)
Trailingsl = Trend == 1 ? TUp : TDown
linecolor = Trend == 1 and nz(Trend[1]) == 1 ? color.lime : Trend == -1 and nz(Trend[1]) == -1 ? color.red : na
plot(Trailingsl, color = linecolor , linewidth = 2, title = "SuperTrend")
// Higher Time Frame
////// HTF high, low, close
highhtf = security(heikinashi(syminfo.tickerid), HTF, high[1], lookahead = barmerge.lookahead_on)
lowhtf = security(heikinashi(syminfo.tickerid), HTF, low[1], lookahead = barmerge.lookahead_on)
closehtf = security(heikinashi(syminfo.tickerid), HTF, close[1], lookahead = barmerge.lookahead_on)
// ATR for HTF
HTfatr = security(heikinashi(syminfo.tickerid), HTF, atr(Period)[1], lookahead = barmerge.lookahead_on)
Uphtf = abs(highhtf + lowhtf) / 2 - (Mult * HTfatr)
Dnhtf = abs(highhtf + lowhtf) / 2 + (Mult * HTfatr)
float TUphtf = na
float TDownhtf = na
TrendHtf = 0
TUphtf := closehtf[1] > TUphtf[1] ? max(Uphtf, TUphtf[1]) : Uphtf
TDownhtf := closehtf[1] < TDownhtf[1] ? min(Dnhtf,TDownhtf[1]) : Dnhtf
TrendHtf := closehtf > TDownhtf[1] ? 1 : closehtf < TUphtf[1] ? -1: nz(TrendHtf[1], 1)
TrailingslHtf = TrendHtf == 1 ? TUphtf : TDownhtf
linecolorHtf = TrendHtf == 1 and nz(TrendHtf[1]) == 1 ? color.blue : TrendHtf == -1 and nz(TrendHtf[1]) == -1 ? color.red : na
st = plot(TrailingslHtf, color = linecolorHtf , linewidth = 3, title = "Supertrend HTF", transp = 0)
plot(TrendHtf == 1 and TrendHtf[1] == -1 ? TrailingslHtf : na, title="Supertrend HTF Trend Up", linewidth = 4, color=color.blue, transp=0, style = plot.style_circles)
plot(TrendHtf == -1 and TrendHtf[1] == 1 ? TrailingslHtf : na, title="Supertrend HTF Trend Down", linewidth = 4, color=color.red, transp=0, style = plot.style_circles)
//Alerts
alertcondition(Trend == 1 and Trend[1] == -1, title='Supertrend Trend Up', message='Supertrend Trend Up')
alertcondition(Trend == -1 and Trend[1] == 1, title='Supertrend Trend Down', message='Supertrend Trend Down')
alertcondition(TrendHtf == 1 and TrendHtf[1] == -1, title='Supertrend HTF Trend Up', message='Supertrend HTF Trend Upl')
alertcondition(TrendHtf == -1 and TrendHtf[1] == 1, title='Supertrend HTF Trend Down', message='Supertrend HTF Trend Down')
Overview
Supertrend MTF Heikin Ashi determines trend direction by comparing prices against ATR-derived upper and lower bands, shifting colors and plotting circle markers on higher-timeframe trend reversals. Users can select between an automatic higher timeframe mapping or a custom user-defined resolution, as well as configure the ATR multiplier and period. It renders directly on the main price chart.
- Dual-timeframe Supertrend calculation
- Heikin Ashi smoothed price and ATR data
- Automatic or user-defined higher timeframe selection
- Visual trend flip markers
- Configurable ATR period and multiplier
Details
Published by
setyadhiputrad on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Volatility & bands
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.
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| HTF Method | string | Auto | mode |
| Time Frame (if HTF Method=User Defined) | timeframe | 5 | HTFm |
| ATR Factor | float | 2.0 | Mult |
| ATR Period | int | 7 | Period |
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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