PROTECTED SOURCE SCRIPT

Supertrend

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This script is a technical trading system based on the Supertrend indicator applied to traditional candlestick charts. The Supertrend is a popular trend-following indicator that helps identify the prevailing market direction and provides clear entry and exit signals.

✅ Key Features:
Indicator Used: Supertrend (based on ATR - Average True Range)

Chart Type: Regular candlestick (time-based) chart

Buy Signal: Triggered when the price closes above the Supertrend line (trend flips to bullish)

Sell Signal: Triggered when the price closes below the Supertrend line (trend flips to bearish)

Signal Alerts: Optionally, the script can be set to send alerts for each buy/sell signal

Customisable Inputs:

Supertrend period (length) – controls ATR smoothing

Supertrend multiplier (factor) – affects the sensitivity of the trend change

Entry Type: Signals are based on confirmed candle closes, avoiding false signals

Visuals: Colour-coded Supertrend lines (e.g., green for buy, red for sell) for easy trend identification

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