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Hi,
This indicator is for TeleTrader and it needs to be ported to MT5.
Function supertrend
Returns Nothing;
Parameters
Security Source;
Numeric Factor;
Numeric Period;
Variables
Numeric volaValue;
Numeric avgValue;
Numeric upperValue;
Numeric lowerValue;
Numeric trendFlag(1);
Numeric flagValue1;
Numeric flagValue2;
Numeric valOut;
Begin
volaValue = #atr(Source, Period);
avgValue = (Source.High + Source.Low) / 2;
upperValue = avgValue + (Factor * volaValue);
lowerValue = avgValue - (Factor * volaValue);
If Source.Close > upperValue[1] Then
trendFlag = 1
Else If Source.Close < lowerValue[1] Then
trendFlag = -1
Else
trendFlag = trendFlag[1];
If trendFlag < 0 And trendFlag[1] > 0 Then
flagValue1 = 1
Else
flagValue1 = 0;
If trendFlag > 0 And trendFlag[1] < 0 Then
flagValue2 = 1
Else
flagValue2 = 0;
If trendFlag > 0 And lowerValue < lowerValue[1] Then
lowerValue = lowerValue[1];
If trendFlag < 0 And upperValue > upperValue[1] Then
upperValue = upperValue[1];
If flagValue1 = 1 Then
upperValue = avgValue + (Factor * volaValue);
If flagValue2 = 1 Then
lowerValue = avgValue - (Factor * volaValue);
If trendFlag = 1 Then
valOut = lowerValue
Else
valOut = upperValue;
DrawLine("SuperTrend", valOut);
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