: Forum Wanted: small code snippet for reinvestment

01/12/2018 at 1:58 PM #59181

Vonasi

That is an interesting new look at SuperTrend. I wasn’t getting any colour with the way the code is written. Never seen ‘coloured as’ before? So I changed it slightly. You should maybe put it in the library for others to consider using.

ONCE direction = 1
ONCE STlongold = 0
ONCE STshortold = 1000000000000
factor = 0.005
 
indicator1 = medianprice
 
indicator3 = close
 
indicator2 = indicator3 * factor
 
STlong = indicator1 - indicator2
 
STshort = indicator1 + indicator2
 
If direction = 1 and STlong < STlongold then
STlong = STlongold
endif
 
If direction = -1 and STshort > STshortold then
STshort = STshortold
endif
 
If direction = 1 and indicator3 crosses under STlong then
direction = -1
endif
 
If direction = -1 and indicator3 crosses over STshort then
direction = 1
endif
 
STlongold = STlong
 
STshortold = STshort
 
If direction = 1 then
ST = STlong
R = 0
G = 128
else
ST = STshort
R = 128
G = 0
endif
 
Return ST coloured(R,G,0) Style(Line,2) as "Supertrend"

ONCE direction = 1

ONCE STlongold = 0

ONCE STshortold = 1000000000000

factor = 0.005

indicator1 = medianprice

indicator3 = close

indicator2 = indicator3 * factor

STlong = indicator1 - indicator2

STshort = indicator1 + indicator2

If direction = 1 and STlong < STlongold then

STlong = STlongold

endif

If direction = -1 and STshort > STshortold then

STshort = STshortold

endif

If direction = 1 and indicator3 crosses under STlong then

direction = -1

endif

If direction = -1 and indicator3 crosses over STshort then

direction = 1

endif

STlongold = STlong

STshortold = STshort

If direction = 1 then

ST = STlong

R = 0

G = 128

else

ST = STshort

R = 128

G = 0

endif

Return ST coloured(R,G,0) Style(Line,2) as "Supertrend"

Vonasi

Moderator

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