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  • Bollinger Bands + Supertrend

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    Rohit Jadhav
    11 views1 page
    This document describes an indicator that overlays Bollinger Bands and a Supertrend indicator. It defines the Bollinger Band inputs like length, standard deviation multiplier, and source. It then plots the basis, upper, and lower bands. It also defines the Supertrend inputs like ATR period and factor. Finally, it plots the Supertrend lines in green and red, filling between the bands and trends.

    Original Description:

    Two indicators in one

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    This document describes an indicator that overlays Bollinger Bands and a Supertrend indicator. It defines the Bollinger Band inputs like length, standard deviation multiplier, and source. It then plots the basis, upper, and lower bands. It also defines the Supertrend inputs like ATR period and factor. Finally, it plots the Supertrend lines in green and red, filling between the bands and trends.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    11 views1 page

    Bollinger Bands + Supertrend

    Uploaded by

    Rohit Jadhav
    This document describes an indicator that overlays Bollinger Bands and a Supertrend indicator. It defines the Bollinger Band inputs like length, standard deviation multiplier, and source. It then plots the basis, upper, and lower bands. It also defines the Supertrend inputs like ATR period and factor. Finally, it plots the Supertrend lines in green and red, filling between the bands and trends.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
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    Bollinger Bands + Supertrend

    //@version=5

    indicator(shorttitle="BB + ST", title="Bollinger Bands + supertrend", overlay=true, timeframe="",


    timeframe_gaps=true)

    length = input.int(20, minval=1)

    src = input(close, title="Source")

    mult = input.float(2.0, minval=0.001, maxval=50, title="StdDev")

    basis = ta.sma(src, length)

    dev = mult * ta.stdev(src, length)

    upper = basis + dev

    lower = basis - dev

    offset = input.int(0, "Offset", minval = -500, maxval = 500)

    plot(basis, "Basis", color=#FF6D00, offset = offset)

    p1 = plot(upper, "Upper", color=#2962FF, offset = offset)

    p2 = plot(lower, "Lower", color=#2962FF, offset = offset)

    fill(p1, p2, title = "Background", color=color.rgb(33, 150, 243, 95))

    atrPeriod = input(10, "ATR Length")

    factor = input.float(3.0, "Factor", step = 0.01)

    [supertrend, direction] = ta.supertrend(factor, atrPeriod)

    bodyMiddle = plot((open + close) / 2, display=display.none)

    upTrend = plot(direction < 0 ? supertrend : na, "Up Trend", color = color.green,


    style=plot.style_linebr)

    downTrend = plot(direction < 0? na : supertrend, "Down Trend", color = color.red,


    style=plot.style_linebr)

    fill(bodyMiddle, upTrend, color.new(color.green, 90), fillgaps=false)

    fill(bodyMiddle, downTrend, color.new(color.red, 90), fillgaps=false)

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