SuperTrend - With Exits & Trade ZonesSuperTrend - With Exits & Trade Zones
Overview
An advanced trend-following indicator that combines pivot points with the SuperTrend methodology to create a complete trading system with entry signals, exit signals, and visual trade zones. This indicator adapts to market structure rather than just price action, providing more reliable trend identification.
What Makes This Unique
Unlike standard SuperTrend indicators that use moving averages, this version:
Uses actual pivot points to calculate a dynamic center line
Provides multiple entry mode options for different trading styles
Shows clear exit signals (both trailing stop and take profit)
Color-codes the entire chart into trade zones (Long, Short, No Trade)
Eliminates guesswork about when to enter, exit, and stay out
Features
📊 Core Indicator Components
Pivot Point Detection: Identifies local highs and lows in price structure
Dynamic Center Line: Weighted calculation using detected pivot points
ATR-Based Bands: Volatility-adjusted upper and lower bands
Trailing Stop Line: Adaptive stop-loss that follows the trend
🎯 Entry Signals
Four entry modes to match your trading style:
Immediate Mode ⚡
Signals right when the trailing stop breaks
Fastest entries for aggressive traders
Best for strong trending markets
Aggressive Mode 🔥 (Recommended)
Signals when price closes beyond break candle OR opens beyond it
Balanced speed and confirmation
Good for most market conditions
Balanced Mode ⚖️
Requires entire candle to close beyond break level
Moderate confirmation
Reduces false breakouts
Conservative Mode 🛡️
Waits for candle to open AND stay completely beyond break level
Highest confirmation, slowest entries
Best for choppy markets
🚪 Exit Signals
Three exit strategies:
Trailing Stop
Exits when price crosses back through the trailing stop line
Lets profits run in trending markets
Protects gains when trend weakens
Take Profit %
Exits at predetermined profit target
Locks in gains at specific percentage
Good for range-bound markets
Both
Uses whichever exit comes first
Combines profit protection with trend following
Recommended for most traders
🎨 Visual Trade Zones
Color-coded backgrounds eliminate confusion:
🟢 Light Green: Active LONG position
🔴 Light Red: Active SHORT position
⚫ Gray: NO TRADE ZONE (between exit and next signal)
📍 Additional Visual Elements
Diamond markers: Show when trailing stop is first broken
BUY/SELL labels: Clear entry signals in green/red
EXIT markers: Gray X for stop loss, Orange X (TP) for take profit
Pivot points: Optional display of detected highs/lows (H/L markers)
Support/Resistance: Optional circles at pivot levels
Settings & Parameters
Basic Settings
Pivot Point Period (default: 2)
Controls sensitivity of pivot detection
Lower = more pivots detected (more responsive)
Higher = fewer pivots (more stable)
ATR Factor (default: 3)
Distance multiplier for trailing stop bands
Lower = tighter stops (more signals, earlier exits)
Higher = wider stops (fewer signals, longer trades)
ATR Period (default: 10)
Lookback period for volatility calculation
Affects how quickly bands adapt to volatility changes
Entry Configuration
Entry Mode: Select from Immediate/Aggressive/Balanced/Conservative
Determines how quickly the indicator generates signals after a trend break
Exit Configuration
Exit Method: Choose Trailing Stop, Take Profit %, or Both
Take Profit % (default: 2%)
Set your profit target as percentage of entry price
Adjust based on volatility and timeframe
Display Options
Show Buy/Sell Labels: Toggle entry signal labels
Show Exit Signals: Toggle exit markers
Show Break Candles: Toggle diamond markers on trend breaks
Show Pivot Points: Display H/L markers at pivot points
Show PP Center Line: Display the dynamic center line
Show Support/Resistance: Display circles at S/R levels
How to Use
For Swing Traders
Set Entry Mode to "Balanced" or "Conservative"
Use "Both" exit method with 3-5% take profit
Enable all visual elements for complete market picture
Trade only in direction of colored zones
For Day Traders
Set Entry Mode to "Aggressive" or "Immediate"
Use "Trailing Stop" exit method to catch intraday trends
Lower ATR Factor to 2-2.5 for tighter stops
Watch for quick signals in the first 2 hours of trading
For Position Traders
Use higher timeframes (Daily/Weekly)
Set Entry Mode to "Conservative"
Increase Take Profit % to 5-10%
Use larger ATR Factor (4-5) for wider stops
General Trading Rules
✅ DO: Enter on BUY/SELL signals (green/red backgrounds)
✅ DO: Exit on EXIT/TP markers
❌ DON'T: Enter during gray NO TRADE ZONE
❌ DON'T: Counter-trend trade against the colored zone
Alerts
Set up the following alerts for automated trading notifications:
Buy Signal: Triggers when long entry conditions are met
Sell Signal: Triggers when short entry conditions are met
Exit Long: Triggers when long position should be closed
Exit Short: Triggers when short position should be closed
Trailing Stop Broken: Triggers on initial trend change
Best Practices
Timeframe Selection
1-5 min: Scalping (use Immediate/Aggressive mode)
15-60 min: Day trading (use Aggressive/Balanced mode)
4H-Daily: Swing trading (use Balanced/Conservative mode)
Weekly: Position trading (use Conservative mode)
Risk Management
Always use the EXIT signals - don't hold through gray zones
Position size based on distance to trailing stop
Never risk more than 1-2% per trade
Consider wider stops on higher timeframes
Market Conditions
Trending markets: Use Aggressive mode, Trailing Stop exits
Ranging markets: Use Conservative mode, Take Profit exits
High volatility: Increase ATR Factor, use Both exits
Low volatility: Decrease ATR Factor for tighter stops
Technical Details
Calculation Method
Detect pivot highs and lows using specified period
Calculate weighted center line: (previous_center × 2 + new_pivot) / 3
Calculate bands: Upper = Center - (ATR Factor × ATR), Lower = Center + (ATR Factor × ATR)
Determine trend based on price position relative to bands
Trail stop line follows the active trend direction
Signal Logic
Entry signals generated based on selected confirmation mode
Position tracking maintains state from entry to exit
Exit signals calculated from both trailing stop and take profit levels
Trade zones update in real-time based on position state
Limitations & Considerations
Works best in trending markets; may generate false signals in tight ranges
Not a holy grail - should be used with proper risk management
Past performance does not guarantee future results
Recommended to backtest on your specific instrument and timeframe
Consider combining with volume analysis or other indicators for confirmation
Version History
v1.0: Initial release with entry signals and confirmation modes
v1.1: Added exit signals (trailing stop and take profit)
v1.2: Added color-coded trade zones (Long/Short/No Trade)
Credits
Original Pivot Point SuperTrend concept by LonesomeTheBlue
Modified with exit signals and trade zone visualization
License
Mozilla Public License 2.0
Example Setups
Conservative Swing Trading
Pivot Point Period: 2
ATR Factor: 3
ATR Period: 10
Entry Mode: Conservative
Exit Method: Both
Take Profit %: 4%
Aggressive Day Trading
Pivot Point Period: 2
ATR Factor: 2.5
ATR Period: 10
Entry Mode: Aggressive
Exit Method: Trailing Stop
Position Trading
Pivot Point Period: 3
ATR Factor: 4
ATR Period: 14
Entry Mode: Balanced
Exit Method: Both
Take Profit %: 8%
Disclaimer: This indicator is for educational purposes only. Trading involves substantial risk. Always do your own research and never trade with money you cannot afford to lose.
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