This strategy enters long positions during a specified trading session when multiple technical indicators align. It executes a buy order when the low drops below the lower Bollinger Band while RSI and ADX exceed configurable threshold values, price closes abov
Strategy · Pine Script v6 · On the chart
MTF Confluence Strategy
MTF Confluence Strategy is a Pine Script strategy that generates long and short signals based on Supertrend flips on the chart timeframe confirmed by Supertrend on a higher timeframe.
GitHub stars1on the repository
Pine versionv6current
Lines of code78
Settings14inputs
LicenceNone stated
Last update3 months ago25 Jul 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 require ADX above a threshold for trending conditions and optional volume expansion. Position size is calculated from risk percentage divided by ATR-based stop distance, capped at a percentage of equity. An ATR-based stop loss and optional target are set on entries. Trades close if the higher timeframe direction reverses. Supertrend line is plotted on the chart for trend visualization. Settings allow customization of ATR parameters, higher timeframe, filter requirements, risk levels, and session restrictions.
- Supertrend Confluence
- HTF Trend Confirmation
- ADX Volume Filters
- ATR Risk Sizing
- Session Filter
Details
Published by
aretephi on GitHub
Type
Draws
On the price chart
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
No repainting, lookahead or stacked entries were found in its code or README. That says nothing about how well it works: test it first.
Topics
algorithmic-trading-dotnetbacktestingmetatrader5mql5pine-scripttrading-bottradingview-ideas
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 | atrLen |
| ATR mult | float | 2.0 | atrMult |
| HTF confirmation | timeframe | 240 | htf |
| Require ADX trend | bool | true | useAdx |
| ADX length | int | 14 | adxLen |
| ADX min | float | 22 | adxMin |
| Require volume expansion | bool | false | useVol |
| Volume SMA length | int | 20 | volLen |
| Risk per trade % | float | 1.0 | riskPct |
| Stop ATR x | float | 2.0 | slMult |
| Target ATR x | float | 0.0 | tpMult |
| Max position % of equity | float | 90 | maxExpo |
Show all 14 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Restrict hours | bool | false | useSess |
| Session | session | 0800-2000 | sess |
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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