This strategy overlays the price chart to trade DAX futures during European market hours. It calculates exponential and simple moving averages, RSI, MACD, Bollinger Bands, ATR, and realized volatility to simulate VIX levels. Trades execute when session time fi
Strategy · Pine Script v6 · On the chart
Contra Pivot SuperTrend Fade
A counter-trend strategy that fades price when it reaches a Pivot Point SuperTrend band, selling into upward stretches and buying into downward ones.
GitHub stars1on the repository
Pine versionv6current
Lines of code274
Settings27inputs
LicenceNone stated
Last update2 months ago15 Aug 2026
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above. It reads the file straight from GitHub.
- 2Open the Pine EditorOpen a TradingView chart and choose Pine Editor at the bottom of the screen.
- 3Paste over the templateCreate a new strategy, select all of the template text and paste. Press Save and give it a name.
- 4Add it to the chartPress Add to chart. The trades and results appear in the Strategy Tester tab; adjust the settings with the gear icon.
Source Code
The code stays on GitHub. The author has not published this script under an open licence, so ForexR does not show its code. Copy script reads the file straight from GitHub into your clipboard, so you can still try it on your own chart. Ask the author before reusing the code anywhere else.
Overview
Signals can fire on a touch of the band, on a regime flip, or both. Optional filters use the opening range of each session, ADX strength, an ATR minimum and a 50 EMA. After the first entry it can add up to 49 further entries in the profit direction at fixed steps, with target, stop and trailing options set in points or percent.
- Pivot Point SuperTrend band fade entries
- Opening range, ADX, ATR and EMA filters
- Configurable pyramid entries in profit direction
- Target, stop and trailing settings
- Condition diagnostic table
Details
Published by
raybird on GitHub
Type
Draws
On the price chart
Category
Markets
Timeframes
M15-H1
Risk Notes
- The strategy can add several entries in the same direction
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Enable BUY (long fade) | bool | true | enLong |
| Enable SELL (short fade) | bool | true | enShort |
| Fire signal on | string | Both | trigMode |
| Qty per entry (first + each pyramid) | float | 1.0 | baseQty |
| Pivot point period | int | 2 | ppPrd |
| ATR factor | float | 3. | ppFactor |
| ATR period | int | 10 | ppAtrLen |
| Use ORB filter | bool | true | useOrb |
| ORB length (first N candles of session) | int | 3 | orbBars |
| DI length | int | 14 | diLen |
| ADX smoothing | int | 14 | adxSm |
| Min ADX to enter | float | 20 | minAdx |
Show all 27 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Use ATR filter | bool | false | useAtr |
| ATR length | int | 14 | atrLen |
| ATR must be greater than | float | 10 | atrThr |
| Use EMA filter | bool | true | useEma |
| EMA length | int | 50 | emaLen |
| Number of pyramids after first entry | int | 2 | numPyr |
| Pyramid step type | string | Points | pyrType |
| Pyramid step (in unit above) | float | 20 | pyrVal |
| Target type | string | Points | tgtMode |
| Target value | float | 60 | tgtVal |
| SL type | string | Points | slMode |
| SL value | float | 40 | slVal |
| Trailing type | string | Off | trlMode |
| Trailing distance | float | 30 | trlVal |
| Plot ATR (own scale) | bool | false | showAtrP |
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
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