Pivot point Supertrend

v10.3
Pivot point Supertrend

The Pivot point Supertrend uses the high/low pivot points (same as fractals) to calculate the Supertrend levels and therefore create a trend following / trailing stoploss indicator. This code was converted from pinescript version following a request in the indicator forum section (author: Lonesome TheBlue, all credits to him).

There are many types of SuperTrend around. Recently I thought about a Supertrend based on Pivot Points then I wrote “Pivot Point SuperTrend” script. It looks it has better performance on keeping you in the trend more.

The idea is behind this script is finding pivot point , calculating average of them and like in supertrend creating higher/lower bands by ATR. As you can see in the algorithm the script gives weigth to past pivot points , this is done for smoothing it a bit.

As an option the script can show main center line and I realized that when you are in a position, this line can be used as early exit points. (maybe half of the position size).

While using Pivot Points , I added support resistance lines by using Pivot Point , as an option the script can show S/R lines.

And also it can show Pivot Points.

(author description).

 

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  1. Vivien René • 06/30/2020 #

    Bonjour nicolas, y a t il un moyen de te contacter pour discuter avec toi ? Je te remercie

    • Nicolas • 06/30/2020 #

      Le forum est fait pour ça, posez y vos questions. Pour l’assistance privé merci d’utiliser le formulaire de cette page: https://www.prorealcode.com/trading-programming-services/

  2. Lednora • 06/30/2020 #

    Bonjour Nicolas,
    y a t’ il une manipulation à faire pour afficher la courbe early exit? J’ai passé toute l’après-midi dessus je n’ai pas trouvé c’est dire mon niveau =). Tout se joue dans la ligne 96 c’est correct?
    Cordialement
    Anthony

    • Nicolas • 06/30/2020 #

      Ces courbes sont déjà affichées sur le graphique, voire l’instruction RETURN en fin de code.

  3. Lednora • 06/30/2020 #

    Oui c’est pour cela que je ne comprends pas trop pourquoi elles ne s’affichent pas j’ai bien la courbe supertrend et le support/resistance mais pas le early exit bizarre….merci en tout cas je vais continuer de chercher =). Bonne journée

    • Nicolas • 06/30/2020 #

      Le paramètre showcl doit être en true (égal à 1 )

  4. Lednora • 06/30/2020 #

    Ah oui en effet c’est magique!j’étais resté bloqué sur la ligne 96^^. Merci beaucoup nicolas pour votre aide

  5. samsampop • 06/30/2020 #

    Merci Nicolas, c’est superb!

  6. maxlys • 06/30/2020 #

    Merci Nicolas pur ce travail. Comment écrire un screener qui nous ressortent d’une part les valeurs qui croise à la hausse la ligne du supertrend “principal” de ce code ? et la version à la baisse ? Merci

    • Nicolas • 06/30/2020 #

      Avec l’assistant de création pour les screeners c’est possible, le code est compatible.

  7. maxlys • 06/30/2020 #

    Merci Nicolas, avec l’assistant cela donne le code ci dessous. Est-ce correct ? De plus est-il possible de placer une alerte quand une valeur sort dans le screener pour éviter de passer son temps a attendre devant ? Car lors de mes essais je n’ai rien qui est ressorti.

    Voici le code :
    indicator1, ignored, ignored = CALL “PRC_Pivot Point Supertrend”[2, 3, 10, 0, 1, 0](close)
    c1 = (close CROSSES OVER indicator1)

    SCREENER[c1] ((close/DClose(1)-1)*100 AS “% Veille”)

    Désolé j’ai essayé avec ADD PRT CODE mais cela n’a pas fonctionné.

    • Nicolas • 06/30/2020 #

      Oui le code est correct et il fonctionne, j’ai de bons résultats sur la liste NASDAQ par exemple.

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