This strategy calculates the Supertrend using ATR period and factor inputs, then plots green lines for up direction and red lines for down direction on the price chart.
//@version=5
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// Revised strategy for better code quality and readability.
strategy('Hello World, Supertrend', overlay=true)
// Define inputs with clear descriptions and default values.
atrPeriod = input(10, title='ATR Length')
factor = input(3, title='Factor')
// Importing the library for TradingView webhook integration.
import AlphaCentauri66367/PineTradingbotWebhook/10 as tv
// Use descriptive variable names and store sensitive information securely.
webhookKey = "WebhookReceived:8c43d5" // Consider storing keys securely outside the script.
qty = 3 // Define the quantity for the order.
// Calculate the Supertrend and its direction.
[supertrend, direction] = ta.supertrend(factor, atrPeriod)
// Plot Supertrend lines with clear labels and styles.
plot(direction < 0 ? supertrend : na, title="Up direction", color=color.green, style=plot.style_linebr)
plot(direction > 0 ? supertrend : na, title="Down direction", color=color.red, style=plot.style_linebr)
// Create functions to handle long and short entries for better modularity.
enterLong() =>
msg = tv.makeWebhookJson(webhookKey, 'CME202403#1', 'strategy.entrylong', qty, ticker='ES', exchange='CME', lastTradeDateOrContractMonth='202403')
alert(msg, alert.freq_once_per_bar_close)
strategy.entry('Long#1', strategy.long)
enterShort() =>
msg = tv.makeWebhookJson(webhookKey, 'CME202403#2', 'strategy.entryshort', qty, ticker='ES', exchange='CME', lastTradeDateOrContractMonth='202403')
alert(msg, alert.freq_once_per_bar_close)
strategy.entry('Short#1', strategy.short)
// Use conditional blocks to call the appropriate function based on Supertrend changes.
if ta.change(supertrend) > 0
enterLong()
if ta.change(supertrend) < 0
enterShort()
Overview
Hello World, Supertrend signals long entries when Supertrend changes to positive and short entries when changing to negative. Webhook alerts are sent for Interactive Brokers integration with specified quantity and futures contract details. Main settings adjust ATR length and multiplier. It draws Supertrend on the chart only.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
ATR Length
int
10
atrPeriod
Factor
int
3
factor
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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