Supertrend Targets Signal is a powerful trend-following and breakout confirmation indicator designed to help traders identify high-probability entry points, visualize dynamic target zones, and receive clean, reliable signals across various market conditions.
The core trend logic is built on a custom Supertrend that uses an ATR-based band structure with long smoothing chains—first through a WMA, then an EMA—allowing the trend line to respond to major shifts while ignoring noise. A key addition is the use of rejection logic: the script looks for consolidation candles that "hug" the smoothed trend line and counts how many consecutive bars reject from it. This behavior often precedes significant moves. A user-defined threshold filters out weak tests and highlights only meaningful rejections.
How It Works
- When price breaks above or below the Supertrend level, and the trend filter confirms, a Buy or Sell Signal is generated.
- Target zones (TP1, TP2, TP3) are drawn automatically based on ATR and recent price structure.
- A Stop Loss suggestion is plotted to help you define a safe exit in case the trade fails.
Key Features
Trend Detection
Automatically identifies trend direction using a smoothed Supertrend (WMA + EMA), with shape markers on trend shifts and color-coded bars for clarity.
Rejection Signals
Detects price rejections at the trend line after a user-defined number of consolidation bars; plots icons to highlight strong continuation setups.
Target Projection
On trend confirmation, plots entry, stop-loss (ATR-based), and three dynamic take-profit levels based on customizable
Dynamic Updates
All levels (entry, SL, TP1–TP3) auto-adjust based on volatility and are labeled in real time on the chart.
Customization
Users can tweak trend parameters, rejection confirmation count, SL/TP ratios, smoothing lengths, and appearance settings.
Use Cases:
- Entry & exit guidance for trend trading
- Support for breakout confirmation
- Smart SL/TP planning with visual targets
- Avoiding overtrading in weak markets
User Inputs:
- Trend setting: Defines the number of bars used to identify Supertrend, WMA, EMA.
- Targets: Visually display order targets including stoploss, entry and takeprofit.
- Colors for Uptrend and Downtrend: Allows customization of color zones for uptrends and downtrends to match individual chart preferences.
- Alert/Notification: Allows send alert or notification to mobile
Whether you're a beginner looking for clearer entries or an experienced trader wanting visual SL/TP targets with minimal noise, Supertrend Targets Signal can become your go-to trading companion.
