OPEN-SOURCE SCRIPT
Updated Alpha Trend Hunter | PropTraderz
Description:
Alpha Trend Hunter combines Heiken Ashi smoothing with a SuperTrend filter to catch high-probability trend entries — and ignore the noise in
between.
How it works:
🔹 Heiken Ashi Trend Lhne — A smoothed mid-line calculated from EMA-based Heiken Ashi values. Color shifts instantly: cyan = bullish
momentum, pink/red = bearish momentum.
🔹 SuperTrendeFilter — ATR-based trend filter confirms direction. Bull trend shows a cyan fill below price, bear trend a red fill above.
Only trades in the direction of the SuperTrend are taken.
🔹 Buys/ SelleSigials — Labels appear only when BOTH the HA trend AND SuperTrend agree. This dual-confirmation filter cuts false signals
significantly.
Settings:
- HA Period & Smooth — controls the sensitivity of the Heiken Ashi line
- ATR Period & Factor — controls SuperTrend aggressiveness
Alerts: Buy Signal, Sell Signal — set once, fire automatically.
Clean, minimal overlay. Works on all markets and timeframes.
Alpha Trend Hunter combines Heiken Ashi smoothing with a SuperTrend filter to catch high-probability trend entries — and ignore the noise in
between.
How it works:
🔹 Heiken Ashi Trend Lhne — A smoothed mid-line calculated from EMA-based Heiken Ashi values. Color shifts instantly: cyan = bullish
momentum, pink/red = bearish momentum.
🔹 SuperTrendeFilter — ATR-based trend filter confirms direction. Bull trend shows a cyan fill below price, bear trend a red fill above.
Only trades in the direction of the SuperTrend are taken.
🔹 Buys/ SelleSigials — Labels appear only when BOTH the HA trend AND SuperTrend agree. This dual-confirmation filter cuts false signals
significantly.
Settings:
- HA Period & Smooth — controls the sensitivity of the Heiken Ashi line
- ATR Period & Factor — controls SuperTrend aggressiveness
Alerts: Buy Signal, Sell Signal — set once, fire automatically.
Clean, minimal overlay. Works on all markets and timeframes.
Release Notes
Removed WatermarksOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
PropTraderz
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
PropTraderz
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.