Weekly Supertrend in a daily timeframe

This SuperTrend indicator is to be used in the daily timeframe.

This script plots the weekly Supertrend (parameters to be defined) in the daily chart.

Parameters to calculate the supertrend: Multiplier and Period. Recommendend values: Multiplier = 3; Period = 10;

rem ********************* Weekly ST in daily timeframe  *******************

rem ***********************    Created by F. Sacristan   ******************

rem to be used in the daily timeframe

rem this script plots the weekly Supertrend (parameters to be defined) in the daily chart

rem Parameters to calculate the supertrend: Multiplier and Period. REcommendend values: Multiplier = 3; Period = 10

period=10
multiplier=3

WeekNo = dayofWeek

if barindex = 0 then
 WeekStart = 1
else
 if WeekNo < WeekNo[1] then
  WeekStart = 1
 else
  WeekStart = 0
 endif
endif


if WeekNo < WeekNo[1] then

 WClosePrev = close[1]
 WLow = low
 WHigh = high
 WLowPrev = WLow[1]
 WHighPrev = WHigh[1]

else

 WClosePrev = WClosePrev[1]
 if low > WLow[1] then
  WLow = WLow[1]
 else
  WLow = low
 endif
 if high > WHigh[1] then
  WHigh = High
 else
  WHigh = WHigh[1]
 endif
 WLowPrev = WLowPrev[1]
 WHighPrev = WHighPrev[1]
endif

WMid = 0.5*(WHighPrev + WLowPrev)

if barindex < Period then

 STUp = 0
 STDown = 0

else

 if WeekStart = 1 then
  TR1 = abs(WLowPrev - WClosePrev[1])
  TR2 = abs(WHighPrev - WClosePrev[1])
  TR3 = abs(WHighPrev - WLowPrev)
 else
  TR1 = TR1[1] 
  TR2 = TR2[1]
  TR3 = TR3[1]
 endif

 TR4 = max(TR1,TR2)
 TRX = max(TR3,TR4)

 if WeekStart = 1 then
  TRTrigger = TRX
  Counter = Counter[1]+1
 else
  TRTrigger = 0
  Counter = Counter[1]
 endif

 if Counter < Period then
  SumTR = TRTrigger + SumTR[1]
 else
  SumTR = 0
 endif

 ATRAverage = SumTR/Counter

 if Counter < Period then
  ATR = ATRAverage
 else
  if WeekStart = 1 then
   ATR = (ATR[1]*(Period-1)+TRTrigger)/Period
  else
   ATR = ATR[1]
  endif
 endif

 STUpBasic = WMid + Multiplier*ATR
 STDownBasic = WMid - Multiplier*ATR

 if WeekStart = 1 then

 if (STUpBasic < STUp[1]) or (WClosePrev[1]>STUp[1]) then
  STUp = STUpBasic
 else
  STUp = STUp[1]
 endif
else
 STUp = STUp[1]
endif

 if WeekStart = 1 then

  if (STDownBasic > STDown) or (WClosePrev[1]< STDown[1]) then
   STDown = STDownBasic
  else
   STDown = STDown[1]
  endif
   else
    STDown = STDown[1]
  endif
 endif
if barindex < Period then
 WeeklyST = STDown
endif

if barindex >= Period and WeekStart = 1 and WClosePrev[1] <= STDown[1] then

 WeeklyST = STUp[1]
 Trend = -1

elsif barindex >= Period and WeekStart =1 and WClosePrev[1] >= STUp[1] then

 WeeklyST = STDown[1]
 Trend = 1
elsif Trend = 1 then
 WeeklyST = STDown[1]
elsif Trend = -1 then
 WeeklyST = STUp[1]
endif
return WeeklyST as "Weekly ST"

100

101

102

103

104

105

106

107

108

109

110

111

112

113

114

115

116

117

118

119

120

121

122

123

124

125

126

127

128

129

130

131

132

133

134

135

136

137

138

139

140

141

142

143

rem ********************* Weekly ST in daily timeframe *******************

rem *********************** Created by F. Sacristan ******************

rem to be used in the daily timeframe

rem this script plots the weekly Supertrend (parameters to be defined) in the daily chart

rem Parameters to calculate the supertrend: Multiplier and Period. REcommendend values: Multiplier = 3; Period = 10

period=10

multiplier=3

WeekNo = dayofWeek

if barindex = 0 then

WeekStart = 1

else

if WeekNo < WeekNo[1] then

WeekStart = 1

else

WeekStart = 0

endif

if WeekNo < WeekNo[1] then

WClosePrev = close[1]

WLow = low

WHigh = high

WLowPrev = WLow[1]

WHighPrev = WHigh[1]

else

WClosePrev = WClosePrev[1]

if low > WLow[1] then

WLow = WLow[1]

else

WLow = low

endif

if high > WHigh[1] then

WHigh = High

else

WHigh = WHigh[1]

endif

WLowPrev = WLowPrev[1]

WHighPrev = WHighPrev[1]

endif

WMid = 0.5*(WHighPrev + WLowPrev)

if barindex < Period then

STUp = 0

STDown = 0

else

if WeekStart = 1 then

TR1 = abs(WLowPrev - WClosePrev[1])

TR2 = abs(WHighPrev - WClosePrev[1])

TR3 = abs(WHighPrev - WLowPrev)

else

TR1 = TR1[1]

TR2 = TR2[1]

TR3 = TR3[1]

endif

TR4 = max(TR1,TR2)

TRX = max(TR3,TR4)

if WeekStart = 1 then

TRTrigger = TRX

Counter = Counter[1]+1

else

TRTrigger = 0

Counter = Counter[1]

endif

if Counter < Period then

SumTR = TRTrigger + SumTR[1]

else

SumTR = 0

endif

ATRAverage = SumTR/Counter

if Counter < Period then

ATR = ATRAverage

else

if WeekStart = 1 then

ATR = (ATR[1]*(Period-1)+TRTrigger)/Period

else

ATR = ATR[1]

endif

STUpBasic = WMid + Multiplier*ATR

STDownBasic = WMid - Multiplier*ATR

if WeekStart = 1 then

if (STUpBasic < STUp[1]) or (WClosePrev[1]>STUp[1]) then

STUp = STUpBasic

else

STUp = STUp[1]

endif

else

STUp = STUp[1]

endif

if WeekStart = 1 then

if (STDownBasic > STDown) or (WClosePrev[1]< STDown[1]) then

STDown = STDownBasic

else

STDown = STDown[1]

endif

else

STDown = STDown[1]

endif

if barindex < Period then

WeeklyST = STDown

endif

if barindex >= Period and WeekStart = 1 and WClosePrev[1] <= STDown[1] then

WeeklyST = STUp[1]

Trend = -1

elsif barindex >= Period and WeekStart =1 and WClosePrev[1] >= STUp[1] then

WeeklyST = STDown[1]

Trend = 1

elsif Trend = 1 then

WeeklyST = STDown[1]

elsif Trend = -1 then

WeeklyST = STUp[1]

endif

return WeeklyST as "Weekly ST"

supertrend weekly

Risk disclosure:

No information on this site is investment advice or a solicitation to buy or sell any financial instrument. Past performance is not indicative of future results. Trading may expose you to risk of loss greater than your deposits and is only suitable for experienced investors who have sufficient financial means to bear such risk.

ProRealTime ITF files and other attachments :

Filename : download the ITF files

How to import ITF files into ProRealTime platform?

Find other exclusive trading pro-tools on

PRC is also on YouTube, subscribe to our channel for exclusive content and tutorials


SL • 04/11/2019 #
Hi, Fer666 Thank you for sharing.

If I want to show daily ST on a 10_min intraday chart, can I just change the small portion code as below the rest keep as it… it should be be working right?

line 19 : change to
if WeekNo WeekNo[1] then
…

line 27: change to
if WeekStart = 1 then
….

would kindly appreciate your comment or anyone can help me?

Thanks

SL • 04/11/2019 #
correction above… system had remove”not equal” signs
Line 19 : change to
if WeekNo “Not equal” WeekNo[1] then

SL • 04/11/2019 #
OK… I had figured out… need more than that. Thank you anyway.

Iván I personally like it in daily timeframe

oliTR Many thanks Ivan, I copy/paste your code to try it but could only get a constant stable unif...

Iván Hi, I've copied the code above and it works... what asset are you trying? $indices array ...

Madrosat Hello Ivan You have interesting topics on indicators , smart supertrend, optimised trend t...

Iván Hi! thanks. All of these codes are translations requested in the forum. I've on mind to back...

Raspete01 Buenos días Iván, estoy intentando llevar el código eliminando los colores y pasando un Back...

sfl Removing the short side will help, I would like to know from the author where are the condit...

WE ARE SOCIETY DEFPARAM cumulateOrders = False rem CAC40 (france40) en 10 secondes rem à la ligne ci-dess...

David Daget Bonjour. A noter que cette stratégie fonctionne aussi sur le ftse. Ce qui n'est pas surprena...

Nicolas Simple strategy with this indicator is available here: https://www.prorealcode.com/topic/ut-...

FXtonio Nicolas.... MERCI 1 millions de fois, cet indicateur gagne dans 75% des cas en scalping m1 ...

davy42 bonjour, à quel moment apparait le fleche, à l'ouverture ou la fermeture de la bougie? merci

AndPar Buongiorno Nicolas, vorrei provare questo indicatore, ma quando lo inserisco in PRT mi vengo...

Nicolas Basta aggiungerlo al prezzo https://www.prorealcode.com/blog/video-tutorials/how-to-add-an-i...

Aragorna hello Nicolas, this indicator works with the last Beta version of PRT? Ive seen tha many in...

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

pincherman Bonjour :-) J'ai coller le script dans prorealtime pour jouer avec le supertrend et j'ai un...

Nicolas Vous l'avez sans doute collé au mauvais endroit, dans l'éditeur de code pour les stratégies,...

Nicolas Just add it on the price series.

yomisadiku Hello Nicolas, Can I use high and low price at lines hh=max(hh,close) and ll=min(ll,close) ...

Nicolas Yes you can do that, the impact will be that the trailing stop line will be much close to th...

Giogio hello dear Vonasi, thank you for your indicator, can I ask you for some help in order to let...

Pottar24 HI Vonasi I would like to know how can this algorithm give me the value of the last max e mi...

parthapersonal Hello Vonasi, Great work. Is it possible to replicate this to get values of "Price Line" (1...

tobytarczy Hi Vonasi, Sounds lovely, I race yachts around europe myself. Most regattas cancelled unfor...

mlouys Hello Vonasi thank for your work ! A question how can we do it for minutes ( or 15 min or x ...

Vonasi I think that would be possible but probably in a whole new indicator as detecting when a new...

Vonasi No problem pableitor - I'm glad you like it.

pableitor Hi Vonasi, I was checking a few random weeks with your indicator and sometimes it seems to ...

Vonasi I have not checked your query on a chart but my guess is that you are reading the indicator ...

Juan Salas Hi FULVIO09, Nice piece of work. It seems to work very well. Does only work for INDEXES??...

Johann Hi @FULVI09, I understand the instructions however I'm not too sure how to determine the "p...

Player8520 Hello, It doesn't work with me either. However, I changed AA to 180 on line 15, added th...

Geronima Ortiz I watched the video three times, but I can not put the npips parameter as a variable. I do...

Geronima Ortiz I think the video is for an old version of prorealtime, the images do not correspond at all ...

Nicolas indicator1 = CALL “PRC_StopReversal”[npips, 1] and define npips in the optimization window ...

Caribeengeek Bonjour j’avais vu que vous proposiez d’écrire des codes pour ceux qui s’y connaisse pas Mai...

Caribeengeek Les devises unité

Nicolas Merci d'utiliser le forum pour les demandes de programmation personnalisée

verdi55 You can find me at www.FXautomate.com Ahh. So i got it ? 4 different supertrends without th...

juanj What? This has nothing to do with the website. The site is simply a service to help people ...

Nicolas Advertising is allowed,as long as people are helping others and if provided services are abo...

Share this

Likes