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 v5 · On the chart
TriexDev - SuperBuySellTrend
TriexDev - SuperBuySellTrend is an ATR-based trend indicator that plots dynamic trailing bands and trend direction directly on the main price chart.
GitHub stars145on the repository
Pine versionv5runs as is
Lines of code78
Settings7inputs
LicenceCustom licence
Last update2 years ago14 Dec 2023
Add It to Your TradingView Chart
- 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
TriexDev - SuperBuySellTrend calculates trend levels using customizable ATR multipliers to identify trend direction and potential reversal points. When price crosses the ATR threshold, the indicator switches trend state, plots Buy or Sell shape labels, and fills the trend background. Users can adjust the ATR length, price source, multipliers, calculation method, and toggle shape signals or background fills.
- Dual ATR multiplier trend lines
- Buy and Sell label shape signals
- Customizable ATR calculation method
- Background trend area highlighting
Details
Published by
Triex on GitHub
Type
Indicator, Pine Script v5
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.
Repository
Topics
buysellsignalpinescriptpinescript-indicatorspinescript-strategiestradingview-pine-scriptstrend-detectiontrend-prediction
Settings
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 | Periods |
| Source | source | hl2 | src |
| ATR Multiplier 1 | float | 0.8 | Multiplier1 |
| ATR Multiplier 2 | float | 1.6 | Multiplier2 |
| Change ATR Calculation Method ? | bool | true | changeATR |
| Show Buy/Sell Signals ? | bool | true | showsignals |
| Highlighter On/Off ? | bool | true | highlighting |
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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