SuperTrend ATR Experto free

by TraderExperto in category Trend at 07/10/2020
Description

 

 

This indicator is known as SuperTrend or ATR Stop. The Calculation is based on the ATR to better identify a trend change.

You can find me by joyining this Telegram Group http://t.me/cTraderCoders

Grupo de Telegram Para Brasileiros, Portugueses e todos aqueles que falam portugues:http://t.me/ComunidadeCtrader

Grupo CTrader en Español para Latinos:  http://t.me/ComunidadCtrader

 

 

Notification Publishing copyrighted material is strictly prohibited. If you believe there is copyrighted material in this section you may use the Copyright Infringement Notification form to submit a claim.
Formula / Source Code
Language: C#
Trading Platform: cAlgocTrader
´╗┐using System;
using cAlgo.API;
using cAlgo.API.Internals;
using cAlgo.API.Indicators;
using cAlgo.Indicators;

namespace cAlgo
{
    [Cloud("Close Up", "Bull Line", Opacity = 0.2, FirstColor = "FF7CFC00")]
    [Cloud("Bear Line", "Close Down", Opacity = 0.2, FirstColor = "Red")]
    [Indicator(IsOverlay = true, TimeZone = TimeZones.UTC, AccessRights = AccessRights.None)]
    public class SuperTrendExperto : Indicator
    {
        [Parameter("ATR Period", DefaultValue = 13)]
        public int Period { get; set; }

        [Parameter("ATR Multiplier", DefaultValue = 2)]
        public double atrMulti { get; set; }

        [Parameter("ATR Source", DefaultValue = MovingAverageType.Exponential)]
        public MovingAverageType AtrSource { get; set; }

        [Output("Bear Line", LineColor = "A8FF0000", PlotType = PlotType.DiscontinuousLine, LineStyle = LineStyle.Solid, Thickness = 1)]
        public IndicatorDataSeries HighLine { get; set; }

        [Output("Bull Line", LineColor = "877CFC00", PlotType = PlotType.DiscontinuousLine, LineStyle = LineStyle.Solid, Thickness = 1)]
        public IndicatorDataSeries LowLine { get; set; }

        [Output("Close Up", PlotType = PlotType.DiscontinuousLine, LineColor = "Transparent")]
        public IndicatorDataSeries UpClose { get; set; }

        [Output("Close Down", PlotType = PlotType.DiscontinuousLine, LineColor = "Transparent")]
        public IndicatorDataSeries DownClose { get; set; }

        public AverageTrueRange atr;
        public double AtrDistance;
        public IndicatorDataSeries Direction;

        protected override void Initialize()
        {
            atr = Indicators.AverageTrueRange(Period, AtrSource);
            Direction = CreateDataSeries();
        }

        public override void Calculate(int index)
        {
            AtrDistance = atr.Result[index] * atrMulti;

            if (index == 0 && Bars.ClosePrices[index] >= Bars.OpenPrices[index])
            {
                Direction[index] = 1;
                LowLine[index] = Bars.LowPrices[index] - AtrDistance;
                HighLine[index] = double.NaN;

                UpClose[index] = Bars.ClosePrices[index];
                DownClose[index] = double.NaN;
            }
            else if (index == 0 && Bars.ClosePrices[index] < Bars.OpenPrices[index])
            {
                Direction[index] = -1;
                HighLine[index] = Bars.HighPrices[index] + AtrDistance;
                LowLine[index] = double.NaN;

                DownClose[index] = Bars.ClosePrices[index];
                UpClose[index] = double.NaN;
            }

//*****************************************************************************************
            if (Direction[index - 1] == 1)
            {
                if (Bars.ClosePrices[index] < LowLine[index - 1])
                {
                    LowLine[index] = Bars.LowPrices[index] - AtrDistance;
                    Direction[index] = -1;

                    UpClose[index] = Bars.ClosePrices[index];
                    DownClose[index] = double.NaN;
                }
                else
                {
                    Direction[index] = 1;
                }
            }
//********************************* Bear Trend **************************************
            else if (Direction[index - 1] == -1)
            {
                if (Bars.ClosePrices[index] > HighLine[index - 1])
                {
                    HighLine[index] = Bars.HighPrices[index] + AtrDistance;
                    Direction[index] = 1;

                    DownClose[index] = Bars.ClosePrices[index];
                    UpClose[index] = double.NaN;
                }
                else
                {
                    Direction[index] = -1;
                }
            }
            if (Direction[index] == 1)
            {
                Direction[index] = 1;
                if (LowLine[index - 1] > Bars.LowPrices[index] - AtrDistance)
                {
                    LowLine[index] = LowLine[index - 1];
                    HighLine[index] = double.NaN;

                    UpClose[index] = Bars.ClosePrices[index];
                    DownClose[index] = double.NaN;
                }
                else
                {
                    LowLine[index] = Bars.LowPrices[index] - AtrDistance;
                    HighLine[index] = double.NaN;

                    UpClose[index] = Bars.ClosePrices[index];
                    DownClose[index] = double.NaN;
                }
            }
            //********************************* Bear Trend **************************************
            else if (Direction[index] == -1)
            {
                Direction[index] = -1;
                if (HighLine[index - 1] < Bars.HighPrices[index] + AtrDistance)
                {
                    HighLine[index] = HighLine[index - 1];
                    LowLine[index] = double.NaN;

                    DownClose[index] = Bars.ClosePrices[index];
                    UpClose[index] = double.NaN;
                }
                else
                {
                    HighLine[index] = Bars.HighPrices[index] + AtrDistance;
                    LowLine[index] = double.NaN;

                    DownClose[index] = Bars.ClosePrices[index];
                    UpClose[index] = double.NaN;
                }
            }
        }
    }
}
Comments

codey - February 18, 2022 @ 22:32

Hi, your supertrend indicator has a parameter for ATR source (moving average type). How is ATR source used in calculation of supertrend?   

I am asking because default supertrend available on ctrader platform doesn't have ATR source (moving average type).   Thanks

5