Olivier Sedan’ Supertrend modification where the price is replaced by the average of last 52 weeks high/low.
(code from the Kevin Britains archive).
Interesting curve to find start of new trend.
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rem ****** from Kevin archive ***** rem 2 variables rem aa=5 rem p=260 H1 = highest[p](high) L1 = lowest[p](low) Mid1 = ((H1 - L1)/2) + L1 atr=AverageTrueRange[p](close) ///////////////////////////////////////////// up=Mid1+aa*atr dn=Mid1-aa*atr once trend=1 if high > up[1] then trend=1 elsif low < dn[1] then trend=-1 endif if trend<0 and trend[1]>0 then flag=1 else flag=0 endif if trend>0 and trend[1]<0 then flagh=1 else flagh=0 endif if trend>0 and dn<dn[1] then dn=dn[1] endif if trend<0 and up>up[1] then up=up[1] endif if flag=1 then up=Mid1+aa*atr endif if flagh=1 then dn=Mid1-aa*atr endif if trend=1 then super=dn else super=up endif return super as "Daily-260-Average Supertrend" |
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Thank you so much for your work here! It works fantastically!