Super Billion VVIP

anteontem

This Pine Script code implements a Supertrend indicator in TradingView. The script highlights trends on the chart and optionally displays buy/sell signals when the trend changes. Here is a breakdown of its key components:

Inputs
ATR Period: Determines the look-back period for the Average True Range (ATR) calculation.
Source: Defines the price data to use (default is hl2, the average of high and low).
ATR Multiplier: Adjusts the sensitivity of the Supertrend lines.
Change ATR Calculation Method: Allows switching between simple moving average (sma) and standard ATR calculations.
Show Buy/Sell Signals: Toggles the display of buy/sell signals.
Highlighter On/Off: Toggles background highlighting for uptrends and downtrends.
Calculations
ATR: Computes either a simple moving average of tr or the standard ATR, depending on the changeATR input.
Trend Lines:
up: Defines the upper trendline using the formula src - Multiplier * ATR.
dn: Defines the lower trendline using the formula src + Multiplier * ATR.
Both lines are adjusted to prevent flipping when conditions do not warrant it.
Trend Direction
The trend is determined using:

1 for uptrend (price above dn).
-1 for downtrend (price below up).
Plots
Uptrend Line: Green line plotted when the trend is upward.
Downtrend Line: Red line plotted when the trend is downward.
Buy/Sell Signals: Circles and labels appear where the trend changes.
Highlighter: Colors the background based on the current trend.
Alerts
Three alert conditions are defined:

SuperTrend Buy: Triggered when an uptrend begins.
SuperTrend Sell: Triggered when a downtrend begins.
Direction Change: Triggered whenever the trend switches.
If you have any specific requests or modifications you'd like to make to this script,
feel free to ask!

anteontem

Notas de Lançamento

This Pine Script code implements a Supertrend indicator in TradingView. The script highlights trends on the chart and optionally displays buy/sell signals when the trend changes. Here is a breakdown of its key components:

Inputs
ATR Period: Determines the look-back period for the Average True Range (ATR) calculation.
Source: Defines the price data to use (default is hl2, the average of high and low).
ATR Multiplier: Adjusts the sensitivity of the Supertrend lines.
Change ATR Calculation Method: Allows switching between simple moving average (sma) and standard ATR calculations.
Show Buy/Sell Signals: Toggles the display of buy/sell signals.
Highlighter On/Off: Toggles background highlighting for uptrends and downtrends.
Calculations
ATR: Computes either a simple moving average of tr or the standard ATR, depending on the changeATR input.
Trend Lines:
up: Defines the upper trendline using the formula src - Multiplier * ATR.
dn: Defines the lower trendline using the formula src + Multiplier * ATR.
Both lines are adjusted to prevent flipping when conditions do not warrant it.
Trend Direction
The trend is determined using:

1 for uptrend (price above dn).
-1 for downtrend (price below up).
Plots
Uptrend Line: Green line plotted when the trend is upward.
Downtrend Line: Red line plotted when the trend is downward.
Buy/Sell Signals: Circles and labels appear where the trend changes.
Highlighter: Colors the background based on the current trend.
Alerts
Three alert conditions are defined:

SuperTrend Buy: Triggered when an uptrend begins.
SuperTrend Sell: Triggered when a downtrend begins.
Direction Change: Triggered whenever the trend switches.
If you have any specific requests or modifications you'd like to make to this script,
feel free to ask!