OPEN-SOURCE SCRIPT
Supertrend + 2 EMAs Indicator with input by Natee L.
What This Script Does:
Supertrend Calculation:
Uses an ATR-based Supertrend with a customizable multiplier and ATR length.
The trend is determined by the direction variable.
Exponential Moving Averages (EMA):
Computes two EMAs: EMA 20 (shorter-term) and EMA 50 (longer-term).
Uses these EMAs to determine trend direction.
Buy and Sell Conditions:
Buy Condition:
Price is above the Supertrend.
EMA 20 is above EMA 50.
Price is above both EMAs.
Sell Condition:
Price is below the Supertrend.
EMA 20 is below EMA 50.
Price is below both EMAs.
Buy/Sell Signal Plots:
Green BUY arrows appear below bars when buy conditions are met.
Red SELL arrows appear above bars when sell conditions are met.
Supertrend Calculation:
Uses an ATR-based Supertrend with a customizable multiplier and ATR length.
The trend is determined by the direction variable.
Exponential Moving Averages (EMA):
Computes two EMAs: EMA 20 (shorter-term) and EMA 50 (longer-term).
Uses these EMAs to determine trend direction.
Buy and Sell Conditions:
Buy Condition:
Price is above the Supertrend.
EMA 20 is above EMA 50.
Price is above both EMAs.
Sell Condition:
Price is below the Supertrend.
EMA 20 is below EMA 50.
Price is below both EMAs.
Buy/Sell Signal Plots:
Green BUY arrows appear below bars when buy conditions are met.
Red SELL arrows appear above bars when sell conditions are met.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Natee Luangsa-ard
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
For quick access on a chart, add this script to your favorites — learn more here.
Natee Luangsa-ard
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.