BankNifty 5min Supertrend Based Strategy

//@version=5
strategy("BankNifty 5min Supertrend Based Strategy, 09:15 Entry with Date Range and Risk Management",overlay=true)
// Session and date range input variables
session = input("0915-1510", "Session", group="Indian Session Time")
start_date = input.time(title="Start Date", defval=timestamp("01 Jan 2022 00:00:00"), group="Backtest Specific Range")
end_date = input.time(title="End Date", defval=timestamp("01 Dec 2023 23:59:59"))
atrPeriod = input(50, "ATR Length", group="SuperTrend Setting")
factor = input.float(3.0, "Factor", step=0.1)
//Delay N numbers of candles
useDelay = input(true, "Use Delay?", group="Delay at Session Start")
Delay = useDelay ? input(10, title="Delay N numbers of candle", group="Delay at Session Start") : na
//reentry option
Take_ReEntry = input(true, "Take ReEntry After Delay/SL/Target?", group="Delay at Session Start")
D1 = Take_ReEntry ? 100 : 0
//stoploss and target
useDelay_stopLoss = input(true, "Use Stoploss Fixed Points?", group="Fixed Point SL/TG")
stopLoss = useDelay_stopLoss ? input(100, "Stop Loss Fixed Points", group="Fixed Point SL/TG"): na
useTarget = input(true, "Use Target Fixed Points?", group="Fixed Point SL/TG")
target = useTarget? input(200, "Use Target Fixed Points", group="Fixed Point SL/TG"): na
stopLoss1 = 100
// trailing stop loss
useDelay_stopLossPerc1 = input(true, "Use Stoploss Trail?", group="Trailing")
stopLossPerc1 =useDelay_stopLossPerc1 ? input.float(0.1, "Stop Loss Trail%", step=0.1,maxval = 1, group="Trailing"): na
// Check if current time is within the specified session and date range
inSession = time("1", session) and time >= start_date and time <= end_date
//suprtrend
[supertrend, direction] = ta.supertrend(factor, atrPeriod)
// Wait for n candles to form at the start of every session
var candlesFormed = 0
if inSession and not inSession[1]
    candlesFormed := 1
else if inSession and candlesFormed > 0
    candlesFormed := candlesFormed + 1
else
    candlesFormed := 0
//get entry price
entryPrice = strategy.opentrades.entry_price(strategy.opentrades - 1)
//stop and target based on entry price
StopCE=entryPrice - stopLoss
StopPE= entryPrice + stopLoss
targetCE= entryPrice + target
targetPE=entryPrice - target
// long, short and close condition
entryce = (ta.change(direction) < 0) or (candlesFormed >= Delay and candlesFormed <= Delay+D1 and direction < 0)
exitce = ta.change(direction) > 0 or close < StopCE or close > targetCE
entrype = (ta.change(direction) > 0) or (candlesFormed >= Delay and candlesFormed <= Delay+D1 and direction > 0)
exitpe = ta.change(direction) < 0 or close > StopPE or close < targetPE
// entry price variable for defining stoploss
var entryPrice1 = 0.0
// Enter long trade
if entryce and inSession
    onePercent = strategy.position_avg_price *stopLossPerc1
    entryPrice1 := close   
    strategy.entry("My Long Entry Id", strategy.long, comment="long" )
    strategy.exit("My Long Exit Id", "My Long Entry Id", stop=(entryPrice1 - stopLoss1),trail_points=onePercent )
//close long trade
if exitce and inSession
    strategy.close("My Long Entry Id", comment="close" )
// Enter short trade   
if entrype and inSession
    onePercent1 = strategy.position_avg_price *stopLossPerc1
    entryPrice1 := close
    strategy.entry("My Short Entry Id", strategy.short, comment="short")
    strategy.exit("My Short Exit Id", "My Short Entry Id", stop=(entryPrice1 + stopLoss1),trail_points=onePercent1)
//close short trade
if exitpe and inSession
    strategy.close ("My Short Entry Id", comment="close" )
// Close all trades at end of session
if not inSession and strategy.opentrades > 0
    strategy.close_all()
// Plot Supertrend with changing colors
plot(supertrend, title="Supertrend", color=direction == 1 ? color.red : color.green, linewidth=2)
Expand (87 lines)