Library "SupportResitanceAndTrend" Contains utilities for finding key levels of support, resistance and direction of trend.
superTrendPlus(multiple, h, l, atr, closeBars) A more flexible version of SuperTrend that allows for supplying the series used and sensitivity adjustment by confirming close bars. Parameters:
multiple: The multiple to apply to the average true range.
h: The high values.
l: The low values.
atr: The average true range values.
closeBars: The number of bars to confirm a change in trend.
stochSR() Identifies support and resistance levels by when a stochastic RSI reverses. Returns: [trend, up, dn, unconfirmed, warn, reversal]
Release Notes
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v2 Added variation of the SuperTrend function that cleans the true range of outliers and applies a standard deviation level to the value used.
Added: superTrendCleaned(multiple, period, mode, closeBars, level, maxDeviation) superTrendPlus with simplified parameters and compensation for extreme volatility. Parameters: multiple: The multiple to apply to the average true range. period: The number of bars to measure. mode: The type of moving average to use with the true range. closeBars: The number of bars to confirm a change in trend. level: The optional positive or negative multiple of the standard deviation to apply to the average. A positive number will be the upper boundary and a negative number will be the lower boundary. maxDeviation: The optional standard deviation level to use when cleaning the series. The default is the value of the provided level. Returns: [trend, up, dn, unconfirmed, warn, reversal]
Added: stochAVWAP() Identifies anchored VWAP levels by when a stochastic RSI reverses. Returns: [loAVWAP, hiAVWAP, hiAVWAP_next, loAVWAP_next]
Release Notes
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v4 Implemented improved cleaning method and exposed maxDeviation for both superTrend and superTrendCleaned.
Updated: superTrend(multiple, period, mode, closeBars) superTrendPlus with simplified parameters. Parameters: multiple: The multiple to apply to the average true range. period: The number of bars to measure. mode: The type of moving average to use with the true range. closeBars: The number of bars to confirm a change in trend. Returns: [trend, up, dn, unconfirmed, warn, reversal]
superTrendCleaned(multiple, period, mode, closeBars, maxDeviation) superTrendPlus with default compensation for extreme volatility. Parameters: multiple: The multiple to apply to the average true range. period: The number of bars to measure. mode: The type of moving average to use with the true range. closeBars: The number of bars to confirm a change in trend. maxDeviation: The optional standard deviation level to use when cleaning the series. The default is the value of the provided level. Returns: [trend, up, dn, unconfirmed, warn, reversal]
Release Notes
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v5 Incorporate superTrendAuto calculation for reuse.
Added: superTrendAuto(multiple, period, mode, closeBars, maxDeviation) superTrendPlus with default compensation for extreme volatility. Parameters: multiple: The multiple to apply to the average true range. period: The number of bars to measure. mode: The type of moving average to use with the true range. closeBars: The number of bars to confirm a change in trend. maxDeviation: The optional standard deviation level to use when cleaning the series. The default is the value of the provided level. Returns: [trend, up, dn, unconfirmed, warn, reversal]