This indicator plots standard Bollinger Bands and three configurable moving averages directly on the price chart. Users can toggle the Bollinger Bands, adjust their length and multiplier, and choose between exponential or simple moving averages for fast, slow,
Indicator · Pine Script v4 · On the chart
Triple Supertrend
This indicator calculates three distinct Supertrend lines on the main price chart, designated as short, medium, and long term.
GitHub stars5on the repository
Pine versionv4older, still runs
Lines of code52
Settings7inputs
LicenceMIT
Last update5 years ago20 Apr 2021
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
52 lines of Pine Script v4 from Triple Supertrend with Baseline.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=4
study("Triple Supertrend", overlay = true, format=format.price, precision=2, resolution="")
src = input(hl2, title="Source")
sPeriod = input(title="Short ATR Period", type=input.integer, defval=10)
sMultiplier = input(title="Short ATR Multiplier", type=input.float, step=0.1, defval=1.0)
mPeriod = input(title="Medium ATR Period", type=input.integer, defval=11)
mMultiplier = input(title="Medium ATR Multiplier", type=input.float, step=0.1, defval=2.0)
lPeriod = input(title="Long ATR Period", type=input.integer, defval=12)
lMultiplier = input(title="Long ATR Multiplier", type=input.float, step=0.1, defval=3.0)
satr = atr(sPeriod)
sup = src - (sMultiplier * satr)
sup1 = nz(sup[1], sup)
sup := close[1] > sup1 ? max(sup, sup1) : sup
sdn = src + (sMultiplier * satr)
sdn1 = nz(sdn[1], sdn)
sdn := close[1] < sdn1 ? min(sdn, sdn1) : sdn
strend = 1
strend := nz(strend[1], strend)
strend := strend == -1 and close > sdn1 ? 1 : strend == 1 and close < sup1 ? -1 : strend
supPlot = plot(strend == 1 ? sup : na, title="Short Up Trend", style=plot.style_linebr, linewidth=1, color=color.green)
sdnPlot = plot(strend == 1 ? na : sdn, title="Short Down Trend", style=plot.style_linebr, linewidth=1, color=color.red)
matr = atr(mPeriod)
mup = src - (mMultiplier * matr)
mup1 = nz(mup[1], mup)
mup := close[1] > mup1 ? max(mup, mup1) : mup
mdn = src + (mMultiplier * matr)
mdn1 = nz(mdn[1], mdn)
mdn := close[1] < mdn1 ? min(mdn, mdn1) : mdn
mtrend = 1
mtrend := nz(mtrend[1], mtrend)
mtrend := mtrend == -1 and close > mdn1 ? 1 : mtrend == 1 and close < mup1 ? -1 : mtrend
mupPlot = plot(mtrend == 1 ? mup : na, title="Medium Up Trend", style=plot.style_linebr, linewidth=3, color=color.green)
mdnPlot = plot(mtrend == 1 ? na : mdn, title="Medium Down Trend", style=plot.style_linebr, linewidth=3, color=color.red)
latr = atr(lPeriod)
lup = src - (lMultiplier * latr)
lup1 = nz(lup[1], lup)
lup := close[1] > lup1 ? max(lup, lup1) : lup
ldn = src + (lMultiplier * latr)
ldn1 = nz(ldn[1], ldn)
ldn := close[1] < ldn1 ? min(ldn, ldn1) : ldn
ltrend = 1
ltrend := nz(ltrend[1], ltrend)
ltrend := ltrend == -1 and close > ldn1 ? 1 : ltrend == 1 and close < lup1 ? -1 : ltrend
lupPlot = plot(ltrend == 1 ? lup : na, title="Long Up Trend", style=plot.style_linebr, linewidth=5, color=color.green)
ldnPlot = plot(ltrend == 1 ? na : ldn, title="Long Down Trend", style=plot.style_linebr, linewidth=5, color=color.red)
plot(ema(close, 200), color=color.white, linewidth=5)
Overview
Each Supertrend line utilizes its own Average True Range period and multiplier settings to identify trend directions across different time horizons. Green lines represent uptrends, while red lines represent downtrends. Additionally, the script plots a white 200-period exponential moving average to serve as a baseline trend filter. Users can customize the price source, ATR lengths, and multipliers for all three trends.
- Three ATR-based Supertrend indicators
- Integrated 200-period EMA baseline
- Customizable ATR periods and multipliers
Details
Published by
shyrwinsia on GitHub
Type
Indicator, Pine Script v4
Draws
On the price chart
Category
Trend, Volatility & bands, Moving averages
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 |
|---|---|---|---|
| Source | source | hl2 | src |
| Short ATR Period | int | 10 | sPeriod |
| Short ATR Multiplier | float | 1.0 | sMultiplier |
| Medium ATR Period | int | 11 | mPeriod |
| Medium ATR Multiplier | float | 2.0 | mMultiplier |
| Long ATR Period | int | 12 | lPeriod |
| Long ATR Multiplier | float | 3.0 | lMultiplier |
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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