SuperTrend

This is a redesign of the SuperTrend indicator. It removes stupid transitions between SuperTrend states and highlights initial points for both lines.

SuperTrend is a moving stop and reversal line based on the volatility (ATR).

Versionshinweise:

• Modified initial algorithm
  

Versionshinweise:

• Added Buy/Sell alerts
  
• Added Buy/Sell labels
  

Versionshinweise:

• Fix erratum
  

Versionshinweise:

• Converted to Pine V4
  
• Added an option to take candle wicks into account
  

From now, with checked "Take Wicks into Account" option the SuperTrend will respond more clearly than default one:

Versionshinweise:

• Added long/short state highlighting
  

Versionshinweise:

• Update
  

Versionshinweise:

• Fixed bug with 4-price Doji candles