OPEN-SOURCE SCRIPT
Protading MA SuperTrend
ProTrading MA SuperTrend - Pine Script Indicator
The ProTrading MA SuperTrend is an advanced Pine Script indicator that combines Moving Averages (MA) and SuperTrend strategies into a single, powerful tool for analyzing market trends and price momentum. This indicator is designed to help traders accurately identify trends, potential reversals, and optimal entry/exit points, making it suitable for various trading styles, including scalping, day trading, and swing trading.
Key Features:
Hybrid Trend Detection:
Combines the precision of Moving Averages (e.g., SMA, EMA, or WMA) with the dynamic nature of the SuperTrend indicator.
Provides reliable signals for trend direction and potential reversals.
Dynamic Support and Resistance:
Plots adaptive support and resistance levels based on SuperTrend calculations.
Helps traders identify key zones where price action might pause or reverse.
Color-Coded Trend Visualization:
Displays clear visual cues for market trends:
Green Zone: Indicates a bullish trend.
Red Zone: Indicates a bearish trend.
Neutral/Flat Zone: Highlights periods of low momentum or consolidation.
Customizable Moving Averages:
Allows traders to choose their preferred MA type (SMA, EMA, WMA, etc.) and set custom periods for precise trend analysis.
SuperTrend Signal Integration:
Incorporates the SuperTrend signal to confirm trade setups, reducing the likelihood of false signals during choppy markets.
Built-in Alerts:
Configurable alerts notify traders of trend changes, crossovers, and other critical events, ensuring timely decision-making.
Risk and Reward Assessment:
Includes optional features for visualizing stop-loss and take-profit levels based on SuperTrend support and resistance zones.
Benefits:
Enhanced Accuracy: The dual approach of MAs and SuperTrend ensures robust trend identification and confirmation.
Improved Risk Management: Provides clear visual cues for stop-loss and take-profit placement, helping traders minimize risk.
Versatility: Works effectively across multiple timeframes and asset classes, from forex and stocks to cryptocurrencies.
User-Friendly Interface: Customizable settings and intuitive design make it accessible to both beginner and experienced traders.
The ProTrading MA SuperTrend is an advanced Pine Script indicator that combines Moving Averages (MA) and SuperTrend strategies into a single, powerful tool for analyzing market trends and price momentum. This indicator is designed to help traders accurately identify trends, potential reversals, and optimal entry/exit points, making it suitable for various trading styles, including scalping, day trading, and swing trading.
Key Features:
Hybrid Trend Detection:
Combines the precision of Moving Averages (e.g., SMA, EMA, or WMA) with the dynamic nature of the SuperTrend indicator.
Provides reliable signals for trend direction and potential reversals.
Dynamic Support and Resistance:
Plots adaptive support and resistance levels based on SuperTrend calculations.
Helps traders identify key zones where price action might pause or reverse.
Color-Coded Trend Visualization:
Displays clear visual cues for market trends:
Green Zone: Indicates a bullish trend.
Red Zone: Indicates a bearish trend.
Neutral/Flat Zone: Highlights periods of low momentum or consolidation.
Customizable Moving Averages:
Allows traders to choose their preferred MA type (SMA, EMA, WMA, etc.) and set custom periods for precise trend analysis.
SuperTrend Signal Integration:
Incorporates the SuperTrend signal to confirm trade setups, reducing the likelihood of false signals during choppy markets.
Built-in Alerts:
Configurable alerts notify traders of trend changes, crossovers, and other critical events, ensuring timely decision-making.
Risk and Reward Assessment:
Includes optional features for visualizing stop-loss and take-profit levels based on SuperTrend support and resistance zones.
Benefits:
Enhanced Accuracy: The dual approach of MAs and SuperTrend ensures robust trend identification and confirmation.
Improved Risk Management: Provides clear visual cues for stop-loss and take-profit placement, helping traders minimize risk.
Versatility: Works effectively across multiple timeframes and asset classes, from forex and stocks to cryptocurrencies.
User-Friendly Interface: Customizable settings and intuitive design make it accessible to both beginner and experienced traders.
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.
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.
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.