by 
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
Multi-Step Vegas SuperTrend - strategy
This strategy plots a volatility-adjusted SuperTrend on the price chart using a Vegas Channel (SMA plus standard deviation) to dynamically scale the SuperTrend multiplier.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code105
Settings15inputs
LicenceNone stated
Last update1 year ago7 Oct 2025
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
Multi-Step Vegas SuperTrend - strategy identifies trend direction with a long entry when price crosses above the lower SuperTrend band and a short entry when price crosses below the upper band. The strategy sizes each position at 10 percent of equity and applies multi-step take-profit exits at 3, 6, 12 and 21 percent. Key inputs let users change the ATR period, Vegas window length, base SuperTrend multiplier, volatility adjustment factor, and individual take-profit percentages and amounts. It draws directly on the price chart and has no stop loss by default.
- Vegas Channel volatility adjustment
- Multi-step take profit
- Dynamic SuperTrend multiplier
- Trend direction signals
- No stop loss
Details
Published by
wynnforthework on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Trade Direction | string | Both | tradeDirectionChoice |
| ATR Period for SuperTrend | int | 10 | atrPeriod |
| Vegas Window Length | int | 100 | vegasWindow |
| SuperTrend Multiplier Base | int | 5 | superTrendMultiplier |
| Volatility Adjustment Factor | float | 5 | volatilityAdjustment |
| Use Take Profit | bool | true | useTakeProfit |
| Take Profit % Step 1 | float | 3.0 | takeProfitPercent1 |
| Take Profit % Step 2 | float | 6.0 | takeProfitPercent2 |
| Take Profit % Step 3 | float | 12.0 | takeProfitPercent3 |
| Take Profit % Step 4 | float | 21.0 | takeProfitPercent4 |
| Take Profit Amount % Step 1 | float | 25 | takeProfitAmount1 |
| Take Profit Amount % Step 2 | float | 20 | takeProfitAmount2 |
Show all 15 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| Take Profit Amount % Step 3 | float | 10 | takeProfitAmount3 |
| Take Profit Amount % Step 4 | float | 15 | takeProfitAmount4 |
| Number of Take Profit Steps | int | 4 | numberOfSteps |
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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