Pivot Point Super Trend MTF

A SuperTrend that is anchored to where the market actually turned, not to a moving average of everything. Pivot Point SuperTrend MTF builds its centre from confirmed pivots, trails an ATR distance around it, and ratchets on the previous close, which is what makes it flip less often in a chop than a plain SuperTrend does. A pivot enters the centre only after it is confirmed, so nothing here reads the future. It is free: no trial, no locked features, no upgrade page.

The centre is a weighted average of confirmed pivots: the old centre twice plus the new pivot, all divided by three, so each new pivot moves it by a third and the line has memory of the ones before. Around that centre a trail is set at a multiple of ATR.

The trail ratchets on the previous close rather than the current one, which is the detail that separates this from an ordinary SuperTrend and the reason it produces fewer whipsaws. A pivot is confirmed by the bars on either side of it and only then enters the centre, so the construction cannot look ahead.

What is on the chart

Drawn in the price window: the trail line coloured by its side and unbroken across the flip, the pivot centre as a thin line, two shades between them, and BUY and SELL arrows on the flip bar. The pivot centre can be hidden on its own.

The panel

A canvas panel on the price chart, draggable, collapsible, closeable. It shows the timeframe in force and the setting values actually being used. It says what the last closed bar was: a BUY signal, a SELL signal, or neither. And it says whether the numbers on screen came from the properties dialog or from the panel, and how many of them were changed by hand.

Below that sit the settings the panel can move, with their current values. The gear opens a three-tab sheet.

Values covers the timeframe, the pivot period, two bars each side by default, the factor that sets the trail distance in ATR, three by default, and the ATR period of ten. Styles covers the palette, the trail line and its width, the arrow size, the pivot centre and the two shades. Every Values row has steppers, a range and a sentence of help.

The Alerts tab covers the master switch, the per event switches, the channels, the cooldown in minutes and a test alert.

Three colour schemes: dark, light, and a colour-blind safe one that uses blue and orange rather than red and green. Everything about the panel, including every value changed on the sheet, is stored per chart and survives a timeframe change and a terminal restart. The interface is English.

Alerts

Off out of the box. Three events: a BUY signal, a SELL signal, and a touch of the trail line, which is the pull back event rather than a flip. Each has a switch of its own.

Channels: a popup window, a sound, a push to the mobile terminal and e-mail. There are per-event and per-channel switches, and a cooldown that defaults to two hours.

Alerts fire on the last closed bar. Two further alerts, off by default, speak on the forming bar within a chosen number of seconds of its close, and they are labelled early because a flip that exists mid-bar can un-happen. Telegram is not part of this product.

Signals on the forming bar

There is one switch that matters more than the others, and it is in the Values tab as well as in the inputs: whether buffers and arrows are allowed on the bar that is still forming.

With it on, which is the shipped default, you see a flip as soon as the market makes it. Sometimes that flip is undone before the bar closes and the arrow disappears. With it off, nothing is written on the forming bar at all: there is no repaint of any kind, and every signal arrives one bar late by construction.

Both behaviours are legitimate. The product does not pick for you and it does not hide which one it is doing: the panel and the setting name both say so.

Multi-timeframe

The Timeframe setting computes on a higher timeframe and draws the result here. Only closed senior bars are read: a chart bar shows the newest senior bar that had already closed by that chart bar's own close, so the flip lands on the bar that closes together with the senior bar, and nothing is drawn that could not have been known in real time.

The foreign series is built in the background. The first read of it can come back empty, the indicator retries, and the panel says whether it is waiting for a download or looking at a genuine shortage of history. It never fails initialisation over missing bars.

Reading it from an EA

Sixteen buffers, all readable through iCustom and CopyBuffer. Buffer 0, Buy, carries the arrow price on a BUY bar and EMPTY_VALUE otherwise, and is not drawn; buffer 1, Sell, is the same for a SELL. Buffers 2 to 5 belong to the two fills and are display plumbing, not for reading. Buffer 6 is the trail line while the trend is up and buffer 7 is the same line while it is down; on the turning bar both hold a value, which is what keeps the drawn line unbroken. Buffer 8 is the pivot centre the trail is built around and buffer 9 is a service series kept for the shared buffer map. Buffers 10 and 11 are the drawn copies of buffers 0 and 1. Buffer 12, Signal, is +1 on a BUY bar, -1 on a SELL bar and 0 otherwise. Buffer 13 is Override, buffer 14 is the trail line as one unbroken series, and buffer 15 is the trend itself, 0 while up and 1 while down.

Buffers 0 and 1 are the contract: never painted, filled on every pass whatever the Styles tab says, and present in the Data Window. Hiding the arrows on the display cannot starve a strategy of the signal, because hiding is done by changing how a plot is drawn and never by emptying a buffer.

An instance created by iCustom is read only and always uses the parameters you passed. The Override buffer lets a strategy detect that a chart instance is running on numbers changed by hand from the panel.

Provenance

This is a port of "Pivot Point SuperTrend" by LonesomeTheBlue, an openly published TradingView script under MPL 2.0, which makes a port by formula admissible. The implementation is a reconstruction from the formulas. One deviation is declared: the ATR is Wilder's recursion warmed up with a running mean, as everywhere in this line, rather than Pine's own average with an empty start; convergence is exponential.

The product is called Pivot Point SuperTrend MTF because that is the name of the method, not because authorship of the method is claimed here. The original work belongs to its author.

Honest limits

A pivot is confirmed a number of bars after it happened. The centre is therefore always a little behind the market, and that lag is part of the method rather than something a setting removes.

A trailing line flips late by design. In a range it will flip repeatedly, and each flip is a real flip of the line and a poor trade.

The pivot period, the factor and the ATR period all move the flips. Two configurations produce two different sets of arrows and neither of them is the true one.

No profit figure, win rate or backtest result is claimed here.