PROTECTED SOURCE SCRIPT
Updated FxSika SuperTrend Zone
The FxSika SuperTrend Zone™ is a dynamic zone-based indicator that enhances the traditional SuperTrend concept by displaying two key structural layers:
Primary Trend Line: The main directional guide, calculated using ATR and a volatility multiplier.
Reaction Band: A secondary buffer area around the trend line, derived from an ATR extension. It helps visualize zones where price is likely to react or pause during pullbacks.
The indicator also includes an optional Long-Term Trend Layer, calculated with higher values for both ATR length and multiplier. This broader trend context can be toggled on or off via the settings.
How it works:
Zones adjust automatically based on trend direction.
Green zones represent bearish conditions (potential buy interest).
Red zones represent bullish conditions (potential sell interest).
Clear lines and shaded areas make key levels easy to spot.
Extra features:
Multiple alert options for zone interactions and trend shifts.
Lightweight, visually clean design for easy chart integration.
Fully adjustable parameters for ATR, multiplier, and zone width.
This indicator helps identify high-probability reaction zones during trending markets, especially when combined with price action or confirmation-based setups.
Primary Trend Line: The main directional guide, calculated using ATR and a volatility multiplier.
Reaction Band: A secondary buffer area around the trend line, derived from an ATR extension. It helps visualize zones where price is likely to react or pause during pullbacks.
The indicator also includes an optional Long-Term Trend Layer, calculated with higher values for both ATR length and multiplier. This broader trend context can be toggled on or off via the settings.
How it works:
Zones adjust automatically based on trend direction.
Green zones represent bearish conditions (potential buy interest).
Red zones represent bullish conditions (potential sell interest).
Clear lines and shaded areas make key levels easy to spot.
Extra features:
Multiple alert options for zone interactions and trend shifts.
Lightweight, visually clean design for easy chart integration.
Fully adjustable parameters for ATR, multiplier, and zone width.
This indicator helps identify high-probability reaction zones during trending markets, especially when combined with price action or confirmation-based setups.
Release Notes
The FxSika SuperTrend Zone™ is a dynamic zone-based indicator that enhances the traditional SuperTrend concept by displaying two key structural layers:Primary Trend Line: The main directional guide, calculated using ATR and a volatility multiplier.
Reaction Band: A secondary buffer area around the trend line, derived from an ATR extension. It helps visualize zones where price is likely to react or pause during pullbacks.
The indicator also includes an optional Long-Term Trend Layer, calculated with higher values for both ATR length and multiplier. This broader trend context can be toggled on or off via the settings.
How it works:
Zones adjust automatically based on trend direction.
Green zones represent bearish conditions (potential buy interest).
Red zones represent bullish conditions (potential sell interest).
Clear lines and shaded areas make key levels easy to spot.
Extra features:
Multiple alert options for zone interactions and trend shifts.
Lightweight, visually clean design for easy chart integration.
Fully adjustable parameters for ATR, multiplier, and zone width.
This indicator helps identify high-probability reaction zones during trending markets, especially when combined with price action or confirmation-based setups.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.
Protected script
This script is published as closed-source. However, you can use it freely and without any limitations – 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.