The "Supertrend + SAR" background indicator for ProRealTime

Hello fellow traders,

This is a simple but nice code to get a GREEN background if close > Supertrend and Parabolic SAR, and RED background if close < Supertrend and Parabolic SAR.

Simple, but effective and useful. Of course, it is better on trend markets.

It will give you clearly the way to trade, don’t enter against the trend!

Of course, you can add other conditions.

From this, you can try to test your own strategies, with this filter. I will personally try to test it in combination with precise entry / exit rules.

Regards,

ST = supertrend[3,10]
PSAR = SAR[0.02,0.02,0.2]

IF close > PSAR and close > ST THEN
 backgroundcolor(204,255,204)
ELSIF close < PSAR and close < ST THEN
 backgroundcolor(255,204,204)
ENDIF

RETURN

Download

Filename: Supertrend-SAR.itf

Downloads: 559

Comments

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NAMBO40

4 years ago

Hello, I would like to add a 25 period SMA moving average. It's possible?

datageek

5 years ago

How can I get alerts on colour change?

eisi

9 years ago

If i switch between different Markets, the Backgroundcolour will appear where it should not. As you can see at the picture. ( https://picload.org/view/dgpogoga/supertrendsar.png.html) Does anybody know what is the problem?

ludo7769

10 years ago

Hello ,

J'ai la version 10.2 et ca ne marche pas, qu'est ce qui coince ?

Merci a vous

Tomax

10 years ago

is Background colour only available from 10.3 and not possible with 10.2 ?

Nicolas

10 years ago

Yes, colouring background by code is only available in the version 10.3. with the instruction BACKGROUNDCOLOR: http://www.prorealcode.com/documentation/backgroundcolor/

Adolfo

10 years ago

Shame form IG users still on 10.2...

Thanks Doc!

Doctrading

10 years ago

Hi Nico, I've just learnt something, thanks !

Nicolas

10 years ago

Hi Doc, I changed the code a bit, "RETURN" can be use all alone in version 10.3 since drawing things don't necessary need predefined variables.