OPEN-SOURCE SCRIPT
MAD Supertrend ~ C H I P A
MAD Supertrend ~ C H I P A is a custom trend-following system that replaces the standard deviation core of a classic Supertrend with Median Absolute Deviation (MAD) — a robust volatility measure that ignores outlier wicks instead of inflating on them. The result is a trail that holds steady through shakeout spikes where stdev-based bands blow out and go blind.
It uses:
A user-selectable source and MAD length
A choice of MAD estimator — true Median-of-deviations for maximum robustness, or Mean for a slightly smoother read
Independent upper and lower MAD multipliers for asymmetric band control
A selectable centerline engine: raw Source for zero lag, Single Median, or a Double Median smoother that kills staircase artefacts without adding meaningful delay
A PSAR-style exit acceleration module — each new closing extreme in the trend tightens the exit trail by a configurable step, down to a user-defined floor
Supertrend ratchet logic with persistent trend state and clean flip detection
The exit acceleration is the key behavioural difference from a standard Supertrend: fresh trends begin at full band width, giving early moves room to survive shakeouts, while mature trends that keep printing new extremes are trailed progressively tighter — so extended runs are exited far closer to their peak. The trail only ever tightens mid-trend and fully resets on each flip.
Alerts fire on confirmed trend flips in both directions.
Note: MAD Supertrend is provided "as is" without formal robustness or optimization testing. Past performance is not indicative of future results; use in live trading only after sufficient back-testing and validation.
It uses:
A user-selectable source and MAD length
A choice of MAD estimator — true Median-of-deviations for maximum robustness, or Mean for a slightly smoother read
Independent upper and lower MAD multipliers for asymmetric band control
A selectable centerline engine: raw Source for zero lag, Single Median, or a Double Median smoother that kills staircase artefacts without adding meaningful delay
A PSAR-style exit acceleration module — each new closing extreme in the trend tightens the exit trail by a configurable step, down to a user-defined floor
Supertrend ratchet logic with persistent trend state and clean flip detection
The exit acceleration is the key behavioural difference from a standard Supertrend: fresh trends begin at full band width, giving early moves room to survive shakeouts, while mature trends that keep printing new extremes are trailed progressively tighter — so extended runs are exited far closer to their peak. The trail only ever tightens mid-trend and fully resets on each flip.
Alerts fire on confirmed trend flips in both directions.
Note: MAD Supertrend is provided "as is" without formal robustness or optimization testing. Past performance is not indicative of future results; use in live trading only after sufficient back-testing and validation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Script open-source
Dans l'esprit TradingView, le créateur de ce script l'a rendu open source afin que les traders puissent examiner et vérifier ses fonctionnalités. Bravo à l'auteur! Bien que vous puissiez l'utiliser gratuitement, n'oubliez pas que la republication du code est soumise à nos Règles.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.