How to scan for SuperTrend

ZRX9000

New member
Hey guys I've searched this forum but cant seem to find the answer. I'm trying to figure out how set up a scan using this Supertrend strategy.
https://github.com/sureshja/ThinkOrSwim/blob/master/SuperTrend.ts

I've tried everything I can think of but cant figure it out. Hoping someone here can help me figure out how to do it. Thank you



Code:
declare upper;
input ST_Coeff = 3; # Between 1 - 100
input ST_Period = 7; #Between 1 - 100

def iATR = ATR(ST_Period);
def tmpUp = hl2 - (ST_Coeff * iATR);
def tmpDn = hl2 + (ST_Coeff * iATR);
def finalUp = If(close[1] > finalUp[1], Max(tmpUp, finalUp[1]), tmpUp);
def finalDn = If(close[1] < finalDn[1], Min(tmpDn, finalDn[1]), tmpDn);
def trendDir = If( close > finalDn[1], 1, If( close < finalUp[1], -1, If(!IsNaN(trendDir[1]), trendDir[1], 1) ) );
def trendLine = If(trendDir == 1, finalUp, finalDn);

plot SuperTrend = trendLine;

SuperTrend.DefineColor( "up", Color.GREEN );
SuperTrend.DefineColor( "dn", Color.RED );
SuperTrend.AssignValueColor(SuperTrend.Color("up"));
SuperTrend.AssignValueColor( if close[1] > SuperTrend[1] then SuperTrend.Color( "up" ) else SuperTrend.Color( "dn" ) );
SuperTrend.SetLineWeight( 2 );

def entryPrice = open[-1];
def exitPrice = open[-1];
def tSize = 100;

def sma200 = MovingAverage(AverageType.SIMPLE, close, 200);
def bullMarket = open[-1] > sma200;
def bearMarket = open[-1] < sma200;

input price = close;
input length200 = 200;
input averageType200 = AverageType.EXPONENTIAL;

plot Avg200 = MovingAverage(averageType200, price, length200);
Avg200.SetDefaultColor(GetColor(4));

# Bull Market BUY
AddOrder(OrderType.BUY_TO_OPEN, price is greater than Avg200 and
    close[-1] > SuperTrend[-1] and close[0] < SuperTrend[0]
    , price = entryPrice, tradeSize = tSize, tickcolor = GetColor(1), arrowcolor = GetColor(1), name = "BUY");
# Bull Market SELL
AddOrder(OrderType.SELL_TO_CLOSE, close[-1] < SuperTrend[-1]
    and close[0] > SuperTrend[0], price = exitPrice, tradeSize = tSize, tickcolor = GetColor(0), arrowcolor = GetColor(0), name = "SELL");
 
Last edited by a moderator:
Solution
Let me know if this works

Code:
declare lower;

input ST_Coeff = 3; # Between 1 - 100
input ST_Period = 7; # Between 1 - 100

def iATR = ATR(ST_Period);
def tmpUp = hl2 - (ST_Coeff * iATR);
def tmpDn = hl2 + (ST_Coeff * iATR);
def finalUp = If(close[1] > finalUp[1], Max(tmpUp, finalUp[1]), tmpUp);
def finalDn = If(close[1] < finalDn[1], Min(tmpDn, finalDn[1]), tmpDn);
def trendDir = If( close > finalDn[1], 1, If( close < finalUp[1], -1, If(!IsNaN(trendDir[1]), trendDir[1], 1) ) );
def trendLine = If(trendDir == 1, finalUp, finalDn);

input length200 = 200;
input averageType200 = AverageType.EXPONENTIAL;

def Avg200 = MovingAverage(averageType200, close, length200);

# Scan Condition
def BullMarketBuy = close > Avg200 and close[1] >...
Hey guys I've searched this forum but cant seem to find the answer. I'm trying to figure out how set up a scan using this Supertrend strategy.
https://github.com/sureshja/ThinkOrSwim/blob/master/SuperTrend.ts

I've tried everything I can think of but cant figure it out. Hoping someone here can help me figure out how to do it. Thank you



Code:
declare upper;
input ST_Coeff = 3; # Between 1 - 100
input ST_Period = 7; #Between 1 - 100

def iATR = ATR(ST_Period);
def tmpUp = hl2 - (ST_Coeff * iATR);
def tmpDn = hl2 + (ST_Coeff * iATR);
def finalUp = If(close[1] > finalUp[1], Max(tmpUp, finalUp[1]), tmpUp);
def finalDn = If(close[1] < finalDn[1], Min(tmpDn, finalDn[1]), tmpDn);
def trendDir = If( close > finalDn[1], 1, If( close < finalUp[1], -1, If(!IsNaN(trendDir[1]), trendDir[1], 1) ) );
def trendLine = If(trendDir == 1, finalUp, finalDn);

plot SuperTrend = trendLine;

SuperTrend.DefineColor( "up", Color.GREEN );
SuperTrend.DefineColor( "dn", Color.RED );
SuperTrend.AssignValueColor(SuperTrend.Color("up"));
SuperTrend.AssignValueColor( if close[1] > SuperTrend[1] then SuperTrend.Color( "up" ) else SuperTrend.Color( "dn" ) );
SuperTrend.SetLineWeight( 2 );

def entryPrice = open[-1];
def exitPrice = open[-1];
def tSize = 100;

def sma200 = MovingAverage(AverageType.SIMPLE, close, 200);
def bullMarket = open[-1] > sma200;
def bearMarket = open[-1] < sma200;

input price = close;
input length200 = 200;
input averageType200 = AverageType.EXPONENTIAL;

plot Avg200 = MovingAverage(averageType200, price, length200);
Avg200.SetDefaultColor(GetColor(4));

# Bull Market BUY
AddOrder(OrderType.BUY_TO_OPEN, price is greater than Avg200 and
    close[-1] > SuperTrend[-1] and close[0] < SuperTrend[0]
    , price = entryPrice, tradeSize = tSize, tickcolor = GetColor(1), arrowcolor = GetColor(1), name = "BUY");
# Bull Market SELL
AddOrder(OrderType.SELL_TO_CLOSE, close[-1] < SuperTrend[-1]
    and close[0] > SuperTrend[0], price = exitPrice, tradeSize = tSize, tickcolor = GetColor(0), arrowcolor = GetColor(0), name = "SELL");

that is a chart strategy, that has 2 outputs.
you didn't specify what you want to scan for?

it uses negative offsets, so may not work in a scan.
ex.
def bullMarket = open[-1] > sma200;

a scan uses data from the last bar.
future bars don't exist.

many variables would have to have the offsets changed.
 
Let me know if this works

Code:
declare lower;

input ST_Coeff = 3; # Between 1 - 100
input ST_Period = 7; # Between 1 - 100

def iATR = ATR(ST_Period);
def tmpUp = hl2 - (ST_Coeff * iATR);
def tmpDn = hl2 + (ST_Coeff * iATR);
def finalUp = If(close[1] > finalUp[1], Max(tmpUp, finalUp[1]), tmpUp);
def finalDn = If(close[1] < finalDn[1], Min(tmpDn, finalDn[1]), tmpDn);
def trendDir = If( close > finalDn[1], 1, If( close < finalUp[1], -1, If(!IsNaN(trendDir[1]), trendDir[1], 1) ) );
def trendLine = If(trendDir == 1, finalUp, finalDn);

input length200 = 200;
input averageType200 = AverageType.EXPONENTIAL;

def Avg200 = MovingAverage(averageType200, close, length200);

# Scan Condition
def BullMarketBuy = close > Avg200 and close[1] > trendLine[1] and close < trendLine;
def BullMarketSell = close[1] < trendLine[1] and close > trendLine;

plot Scan = BullMarketBuy or BullMarketSell;
 
Last edited by a moderator:
Solution

Join useThinkScript to post your question to a community of 21,000+ developers and traders.

Similar threads

Not the exact question you're looking for?

Start a new thread and receive assistance from our community.

87k+ Posts
367 Online
Create Post

Similar threads

Similar threads

The Market Trading Game Changer

Join 2,500+ subscribers inside the useThinkScript VIP Membership Club
  • Exclusive indicators
  • Proven strategies & setups
  • Private Discord community
  • ‘Buy The Dip’ signal alerts
  • Exclusive members-only content
  • Add-ons and resources
  • 1 full year of unlimited support

Frequently Asked Questions

What is useThinkScript?

useThinkScript is the #1 community of stock market investors using indicators and other tools to power their trading strategies. Traders of all skill levels use our forums to learn about scripting and indicators, help each other, and discover new ways to gain an edge in the markets.

How do I get started?

We get it. Our forum can be intimidating, if not overwhelming. With thousands of topics, tens of thousands of posts, our community has created an incredibly deep knowledge base for stock traders. No one can ever exhaust every resource provided on our site.

If you are new, or just looking for guidance, here are some helpful links to get you started.

What are the benefits of VIP Membership?
VIP members get exclusive access to these proven and tested premium indicators: Buy the Dip, Advanced Market Moves 2.0, Take Profit, and Volatility Trading Range. In addition, VIP members get access to over 50 VIP-only custom indicators, add-ons, and strategies, private VIP-only forums, private Discord channel to discuss trades and strategies in real-time, customer support, trade alerts, and much more. Learn all about VIP membership here.
How can I access the premium indicators?
To access the premium indicators, which are plug and play ready, sign up for VIP membership here.
Back
Top