Archived: Supertrend Indicator by Mobius for ThinkorSwim

[BenTen]

@BTExpress I don't think you did it correctly. Supertrend shouldn't be equal to 1 as a condition. Modify that specific scan > switch over to the thinkScript editor and then paste the given scanner code.

 

[BTExpress]

@BenTen you are an awesome person. I love how you are here to support us become better traders. I was adding the scan code as a study then scan on the plot variable instead of adding the scan code itself in the scan condition. Thank you.

 

[andyrubie]

I use the scanner each trading day. The code is written to show new signals

#plot SuperTrendUP = if ST crosses below close then 1 else 0;

plot SuperTrendDN = if ST crosses above close then 1 else 0;

If you want to show active signals use the following;

plot SuperTrendUP = if ST < close then 1 else 0;

plot SuperTrendDN = if ST >close then 1 else 0;

I tried each of those 4 statements at a time but didn't get any result. It didn't work.

 

[BTExpress]

@andyrubie look at post 319. This is what I use for my scan with a condition group to be able to scan for both bullish and bearish in one shot.

 

[quarinteen]

When I add this it does something odd

 

[BenTen]

@quarinteen You added a scanner into your chart. That's why it's not displaying correctly. Locate the indicator on the first page of this thread.

 

[Neoarea76]

@BenTen How you add up green arrows and down red arrows in replacement for the bubbles?

 

[BenTen]

@Neoarea76 Try the modified script here https://usethinkscript.com/threads/supertrend-indicator-by-mobius-for-thinkorswim.7/post-16266

 

[DMS Trader]

This is great. Is there a way to change the color of the price bubbles?

 

[BenTen]

@DMS Trader Take a look at the bottom of your script, you should see the following:

AddChartBubble(close crosses below ST, low[1], low[1], color.Dark_Gray);
AddChartBubble(close crosses above ST, high[1], high[1], color.Dark_Gray, no);

 

[HMB13]

@BenTen I am new here and thanks for this awesome indicator, my question is, what is the best time frame using this indicator?(2, 5 min)
Is it best works with small cap or large cap?

Attached are my script and screenshot, please advise if I need to adjust some settings for best results.

# Mobius
# SuperTrend
# Chat Room Request
input AtrMult = 1.0;
input nATR = 4;
input AvgType = AverageType.HULL;
input PaintBars = yes;
def ATR = MovingAverage(AvgType, TrueRange(high, close, low), nATR);
def UP = HL2 + (AtrMult * ATR);
def DN = HL2 + (-AtrMult * ATR);
def ST = if close < ST[1] then UP else DN;
plot SuperTrend = ST;
SuperTrend.AssignValueColor(if close < ST then Color.RED else Color.GREEN);
AssignPriceColor(if PaintBars and close < ST

                 then Color.RED

                 else if PaintBars and close > ST

                      then Color.GREEN

                      else Color.CURRENT);

def bullish = close crosses below ST;
def bearish = close crosses above ST;

# Alerts
Alert(bullish, " ", Alert.Bar, Sound.Chimes);
Alert(bearish, " ", Alert.Bar, Sound.Bell);

# End Code SuperTrend

thanks!
Sam

 

[BenTen]

@HMB13 Just like most indicators, this one was not designed for a particular timeframe or market cap. You would have to play around with it and see which one works best for you.

 

[chaseimo]

Just FYI, This indicator works great when paired with the Leledc Port indicator. I use it on the 3,5,8 minute charts and scalp.

 

[xad]

Hi BenTen, noticed AtrMult = 1.0 in study and .70 in scan. Are you using .70 in scan to get alerts earlier than the study so you can watch the stock and other indicators before you get in?

 

[BenTen]

@xad I'm no longer using this indicator to trade. The 1.0 and 0.7 are just the length for the AtrMult variable. You can try them both and see which one provides better signals.

 

[geebeeaye]

How do you change this to not recolor the bars?

 

[BenTen]

@geebeeaye Look for this in the code:

AssignPriceColor(if PaintBars and close < ST

                 then Color.RED

                 else if PaintBars and close > ST

                      then Color.GREEN

                      else Color.CURRENT);

Uncomment or delete it from your indicator.

 

[chIza=iChis1A?H]

I have one question on which type of moving average to choose for best performance 9 Ideally ) ?? since it shows us a choice in dropdown for simple, exponential, HULL...etc.

 

[BenTen]

@chIza=iChis1A?H Regarding the moving average input, you would have to play around with the settings and see which one works best.

 

[kshires4]

@mc01439 Is there anyway of getting a scanner for a triple supertrend with these settings 12,3 11,2 10,1