A trend strategy on the price chart built on a double-smoothed Supertrend using WMA and EMA smoothing, with pivot rejection entries when price touches the baseline.
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
Settings scale automatically by timeframe. Stop loss can use the flip candle, baseline or swing, and targets can use pivots, risk multiples, Fibonacci or ATR. Optional re-entry after a stop, trailing stop and break-even are available, with bullish and bearish colors.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Auto Timeframe Scaling
bool
true
autoScale
Supertrend Factor
float
12
stFactor
Supertrend ATR Period
int
90
stAtrPeriod
WMA Length
int
40
wmaLength
EMA Length
int
14
emaLength
Min Baseline Touches
int
2
contFactor
Slope Lookback
int
5
slopeLookback
Polarity Filter
string
Off
polarityMethod
TP Method
string
R-Multiple
tpMode
SL Method
string
Flip Candle
slMode
ATR Period
int
14
atrPeriod
SL ATR Mult
float
2.0
slMult
Show all 23 settings
Setting
Type
Default
Variable
TP ATR Mult
float
3.0
tpMult
Re-Entry After SL Hit
bool
true
rejReentry
Trail SL to BE at TP1
bool
false
trailBE
Stop Loss (ATR)
float
1.5
riskSL
Take Profit (ATR)
float
3.0
riskTP
Trailing Stop
bool
true
useTrail
Trail ATR Mult
float
0.4
trailMult
Breakeven
bool
true
useBE
BE Trigger ATR
float
0.8
beAtrMult
Bullish
color
#26a69a
bullCol
Bearish
color
#ef5350
bearCol
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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