That is an interesting new look at SuperTrend. I wasn’t getting any colour with the way the code is written. Never seen ‘coloured as’ before? So I changed it slightly. You should maybe put it in the library for others to consider using.
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ONCE direction = 1
ONCE STlongold = 0
ONCE STshortold = 1000000000000
factor = 0.005
indicator1 = medianprice
indicator3 = close
indicator2 = indicator3 * factor
STlong = indicator1 - indicator2
STshort = indicator1 + indicator2
If direction = 1 and STlong < STlongold then
STlong = STlongold
endif
If direction = - 1 and STshort > STshortold then
STshort = STshortold
endif
If direction = 1 and indicator3 crosses under STlong then
direction = - 1
endif
If direction = - 1 and indicator3 crosses over STshort then
direction = 1
endif
STlongold = STlong
STshortold = STshort
If direction = 1 then
ST = STlong
R = 0
G = 128
else
ST = STshort
R = 128
G = 0
endif
Return ST coloured (R,G,0 ) Style (Line ,2 ) as "Supertrend"
