This indicator is actually composition of 3 indicator to one common one it based on super trend , OBV and volatility % range obv act as our source for the super trend to make it more sensitive you can control it as a regular super trend + the addition of volatility % range (volatility factor) so 1 is volatility range , can be from 0.1 to 5 depend on your liking. i set it here in this example of btc 4 hour chart to be 0.5 which is 1/2 of the volatility % range since it fitted better this particular asset . for stock i prefer 1 as my factor this indicator as i normally do have alert and signal inside. the aim of this indicator is to maximize trend on one hand and other to keep sensitivity high one of the problem with regular super trend that as we keep the we increase the trend to be longer it lose sensitivity . by this method that i show here i try to minimize that bad effect and make it both sensitive and more responsive. this is one of the reason i use a modified version of OBV as a source to it . for each asset that you use try to find the best fit so this model can work properly here apple with factor=1 as range on daily it better half of volatility range
Great stuff! Just wondering how did you come up with window_len = 28 and v_len = 14 ?
koushikpaul
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@RafaelZioni When I try creating alerts in Tradingview, the folloing code block is trigeering repaint warning. Can I comment this block? What is the risk if I do so?
if barstate.isfirst
c := 0
lb := n
hb := x
l1 := out
hl := out
hl
wielkieef
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AMAZING <3
kurtsmock
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<3
majjipec
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Very nice . great work Sir It would be very thankful if few suggestions are incorporated The Buy/Sell signals may be generated after the confirmation of the trend. Many a time false Buy/Sell signals are created in the candle which gets disappear after the candle. The Buy/Sell signal may be generated after the candle is completed thereby ignoring false signals However we may get delayed signal due to this. But these may be fine looking at the number of times false signal are generated Thank you
MsalmanS
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what is the best fit for QQQ on 1 or 5 minuets chart ?