EvoCrypto

SuperRange - evo

A SuperTrend like indicator based on highest and lowest candle close from a few bars back. It looks almost the same as Donchian Channels but with a dominant trend direction inside (Black line).

Uptrend: Candle closed higher than highest close
Downtrend: Candle closed lower than lowest close

This works best on higher time frames since a daily close is more powerful than a 15 minute close.

A few examples how you could use this:

Use support & resistance

Apply a moving average

Buy and sell the break-out

All perfect world examples, this does not happen all the time off course.. Its just for the idea. There are many ways to trade this so feel free to share in the comments, good luck and follow the trend! :)
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Comments

How to add alert when crossing up/down the price inside this indicator ?
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EvoCrypto jacky_choy3356
@jacky_choy3356, Add this to the bottom of the script. let me know how it works out, didn't test it..

// ALERTS
alertcondition(ST != ST and ST == 1, "Trend Up", "Trend Up {{ticker}}")
alertcondition(ST != ST and ST == -1, "Trend Down", "Trend Down {{ticker}}")
alertcondition(ST != ST, "Trend Change", "Trend Changed {{ticker}}")
Reply
hi, How can I add this script on my chart?

thanks
Reply
Wow looks very neat. Thank you!
Reply
@Jb_2, Thanks!
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