OPEN-SOURCE SCRIPT

CandelaCharts - Killzone Supertrend

📝 Overview

The CandelaCharts - Killzone Supertrend indicator integrates professional, noise-filtered Supertrend volatility-based trend-following logic within specific intraday sessions. By isolating trend analysis to key Killzones and providing advanced smoothing tools, traders can effectively filter out market noise and identify high-probability trend shifts during periods of peak institutional activity.

📦 Features

5 Customizable Sessions: Tracks trends across Asia, London, NY AM, NY Lunch, and NY PM sessions.
Continuous Detection: Unlike standard session indicators that reset, this logic runs continuously in the background. This ensures that the trend state is established accurately before the session begins, eliminating "initialization lag."
Full Session Backgrounds: Highlight the entire vertical pane for each session with customizable colors and transparency for maximum focus.
Source Smoothing: Smooth the price source (hl2) before calculation to filter out minor whipsaws and reduce false signals in choppy markets.
Multi-Method ATR: Choose between RMA, SMA, EMA, or WMA for volatility calculations based on your preferred responsiveness.
Visual Signal Markers: Clear Triangle Up/Down markers appear instantly when a trend flip occurs within an active session.
Trend Fill: Shaded backgrounds between the Supertrend line and price provide a visual "cushion" to assess trend strength.
Dynamic Session Labels: Centered labels that automatically adjust their position based on the session's price range.
Session Dividers: Clear vertical dividers to signal the transition between trading periods.

⚙️ Settings

ATR Period: Lookback period for the Average True Range calculation (default: 10).
Multiplier: Volatility multiplier for the trailing stop (default: 3.0).
Source Smoothing: EMA period to smooth price before detection (0 = off).
ATR Method: Choose the smoothing method (RMA, SMA, EMA, WMA).
Show Signals: Toggle Triangle Up/Down markers for trend changes.
Show Trend Fill: Toggle the shaded background between price and Supertrend.
Label Size: Customize the text size of session labels.
Timezone: Supports America/New_York, UTC, and Exchange time.
Divider Style: Style and color settings for vertical lines.
Show Session: Toggle the Supertrend logic and markers.
Background: Toggle the full vertical pane background color.
Session Name & Time: Define labels and time windows.
Session Color: Sets the theme for the labels and dividers.
Show Labels: Toggle the centered session identifiers.
Show Divider: Toggle vertical start/end lines.

⚡️ Showcase

Supertrend Lines & Signals

Session Boxes & Full Backgrounds

🚨 Alerts

Trend changes are visually indicated by line color shifts and Triangle markers (Buy/Sell) within each active session.

⚠️ Disclaimer

Trading involves significant risk, and many participants may incur losses. The content on this site is not intended as financial advice and should not be interpreted as such. Decisions to buy, sell, hold, or trade securities, commodities, or other financial instruments carry inherent risks and are best made with guidance from qualified financial professionals. Past performance is not indicative of future results.

Skrypt open-source

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Skrypt open-source

CandelaCharts

🔵 Tools that give you the edge: candelacharts.com/.

🔵 Join our free discord for updates: candelacharts.com/community

Również na: