This strategy calculates Bollinger Bands and Aroon oscillator values to identify mean-reversion opportunities. It enters a long position using full equity when the closing price crosses below the lower Bollinger Band while Aroon Up remains above a user-specifi
Strategy · Pine Script v5 · On the chart
Hello World, Supertrend
This strategy plots the built-in Supertrend line in green or red on the price chart.
GitHub stars1on the repository
Pine versionv5runs as is
Lines of code21
Settings2inputs
LicenceMPL-2.0
Last update2 years ago24 Dec 2023
Add It to Your TradingView Chart
- 1Copy the scriptPress Copy script above, or the copy button on the code below.
- 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
21 lines of Pine Script v5 from src/strategies/strategy_entrylong_and_entryshort/superTrend_order_fill_events.pine, published under MPL-2.0. Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
//@version=5
strategy('Hello World, Supertrend', overlay=true)
atrPeriod = input(10, 'ATR Length')
factor = input(3, 'Factor')
import AlphaCentauri66367/PineTradingbotWebhook/7 as tv // TBOT
webhookKey = "WebhookReceived:0b293b" // TBOT
qty=100 // TBOT
[supertrend, direction] = ta.supertrend(factor, atrPeriod)
plot(direction < 0 ? supertrend : na, "Up direction", color = color.green, style=plot.style_linebr)
plot(direction > 0 ? supertrend : na, "Down direction", color = color.red, style=plot.style_linebr)
if ta.change(supertrend) > 0
msg = tv.makeWebhookJson(webhookKey, 'Long#1', 'strategy.entrylong', qty) // TBOT
strategy.entry('Long#1', strategy.long, alert_message=msg)
if ta.change(supertrend) < 0
msg = tv.makeWebhookJson(webhookKey, 'Short#1', 'strategy.entryshort', qty) // TBOT
strategy.entry('Short#1', strategy.short, alert_message=msg)
Overview
When the Supertrend value steps up it enters a long position, and when it steps down it enters a short position, so it stays in the market and reverses on each change. Each order carries a webhook message built with the Tbot library for an Interactive Brokers bridge. ATR length and factor are adjustable. It has no stop loss or take profit.
- Built-in Supertrend with colour by direction
- Reversing long and short entries
- Webhook messages attached to orders
- Adjustable ATR length and factor
Details
Published by
PlusGenie on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
ib-insyncinteractive-brokers-apitradingview
Settings
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.
Similar Pine Scripts
This overlay strategy targets one-minute ES futures and plots volume-weighted moving-average bands from the open, scaled by a standard-deviation multiple, plus a slower band from ten-minute opens. A higher-timeframe exponential moving average can filter trades
This strategy uses multiple VWAP anchors and a custom Lull indicator to generate buy and sell signals on the Nasdaq price chart. It plots the VWAP trend line and three VWAP anchors with customizable colors and mitigation methods. The Lull indicator produces si
STRG-BBForce is a Bollinger Bands trend-following strategy. It calculates standard Bollinger Bands and tracks directional alignment across the upper, lower, and basis lines. When all three lines slope upward, it opens a long position and closes short positions
This strategy implements a single-layer perceptron machine learning model built from scratch to generate trading signals directly on the price chart. It calculates predictions based on sample size, threshold settings, and optional volatility or volume filters.
This overlay strategy plots a two-timeframe Ichimoku setup on the price chart, with Tenkan, Kijun, Chikou, and Kumo from a base higher timeframe and an optional highest-timeframe cloud. It allows two entries in the same direction and uses ATR-based trailing st
Related on ForexR
Trade Your Charts With a Regulated Broker
Compare brokers that connect to TradingView, with spreads, minimum deposits and leverage side by side.
Compare brokers