Super Duper Trend Strategy: Free TradingView Strategy (Pine Script)

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

110 lines of Pine Script v5 from Super Duper Trend Strategy.pine, published under MPL-2.0. Keep the author's credit and licence lines when you reuse it.

Super Duper Trend Strategy.pine

//@version=5
//
// Author: benso87
// benso87.com
//
// From Trader's Landing on YouTube: https://www.youtube.com/watch?v=yXskVYp4Rps
//
strategy("Super Duper Trend Strategy", shorttitle='Super Duper', overlay=true, initial_capital=1000, default_qty_value=10, default_qty_type=strategy.percent_of_equity, process_orders_on_close=true)

noColor = color.new(color.white, transp=100)
///////////////////////////////////////////////////////////////////////////////
// Inputs

//Dates
startDate = input.time (timestamp('1 Jan 2022 00:00'), title='Start', group='Dates')
endDate    = input.time (timestamp('1 Jan 2100 00:00'), title='End', group='Dates')

// DEMA
timeframeD = input.timeframe('', title='DEMA Timeframe', group='DEMA')
lenD = input.int(200, title='Length', group='DEMA')
srcD = input.source(close, title='Source', group='DEMA')

// Supertrend
atrPeriod = input.int(12, title='ATR Period', minval=1, group='Supertrend')
srcS = input.source(hl2, title='Source', group='Supertrend')
mult = input.float(3, title='ATR Multiplier', minval=0, step=0.1, group='Supertrend')
changeATR = input.bool(true, title='Change ATR Calculation Method ?', group='Supertrend')
showsignals = input.bool(true, title='Show Buy/Sell Signals ?', group='Supertrend')
highlighting = input.bool(true, title='Highlighter On/Off ?', group='Supertrend')

// Stop Loss
exitChoice = input.string('DEMA', title='Initial Stop Loss', options=['DEMA', 'Supertrend'], group='Stop Loss')

///////////////////////////////////////////////////////////////////////////////
// Calculations

// DEMA
ema = request.security(syminfo.tickerid, timeframe=timeframeD, expression=ta.ema(srcD, lenD), lookahead=barmerge.lookahead_on) 
dema = request.security(syminfo.tickerid, timeframe=timeframeD, expression=2 * ema - ta.ema(ema, lenD), lookahead=barmerge.lookahead_on)

// Supertrend
atr2 = ta.sma(ta.tr, atrPeriod)
atr = changeATR ? ta.atr(atrPeriod) : atr2

up = srcS - mult * atr
up1 = nz(up[1], up)
up := close[1] > up1 ? math.max(up, up1) : up

dn = srcS + mult * atr
dn1 = nz(dn[1], dn)
dn := close[1] < dn1 ? math.min(dn, dn1) : dn

trend = 1
trend := nz(trend[1], trend)
trend := trend == -1 and close > dn1 ? 1 : trend == 1 and close < up1 ? -1 : trend

buySignal = trend == 1 and trend[1] == -1
sellSignal = trend == -1 and trend[1] == 1

longFillColor = highlighting ? trend == 1 ? color.green : color.white : color.white
shortFillColor = highlighting ? trend == -1 ? color.red : color.white : color.white

///////////////////////////////////////////////////////////////////////////////
// Plots

// DEMA
plot(dema, title='DEMA', color=color.yellow, linewidth=2)

// Supertrend
upPlot = plot(trend == 1 ? up : na, title='Up Trend', style=plot.style_linebr, linewidth=2, color=color.new(color.green, 0))
plotshape(buySignal ? up : na, title='UpTrend Begins', location=location.absolute, style=shape.circle, size=size.tiny, color=color.new(color.green, 0))
plotshape(buySignal and showsignals ? up : na, title='Buy', text='Buy', location=location.absolute, style=shape.labelup, size=size.tiny, color=color.new(color.green, 0), textcolor=color.new(color.white, 0))
dnPlot = plot(trend == 1 ? na : dn, title='Down Trend', style=plot.style_linebr, linewidth=2, color=color.new(color.red, 0))

plotshape(sellSignal ? dn : na, title='DownTrend Begins', location=location.absolute, style=shape.circle, size=size.tiny, color=color.new(color.red, 0))
plotshape(sellSignal and showsignals ? dn : na, title='Sell', text='Sell', location=location.absolute, style=shape.labeldown, size=size.tiny, color=color.new(color.red, 0), textcolor=color.new(color.white, 0))
mPlot = plot(ohlc4, title='', style=plot.style_circles, linewidth=0)

fill(mPlot, upPlot, title='UpTrend Highligter', color=color.new(longFillColor, transp=90))
fill(mPlot, dnPlot, title='DownTrend Highligter', color=color.new(shortFillColor, transp=90))

///////////////////////////////////////////////////////////////////////////////
// Strategy

// Entry
longSignal = close >= dema and buySignal
shortSignal = close <= dema and sellSignal

strategy.entry("Long", strategy.long, when=longSignal)
strategy.entry("Short", strategy.short, when=shortSignal)

// Exit
var float slLong = na
var float slShort = na

slLong := longSignal ? dema : slLong[1]
slShort := shortSignal ? dema : slShort[1]

exitLong = exitChoice == 'DEMA' and slLong > up ? slLong : up
exitShort = exitChoice == 'DEMA' and slShort < dn ? slShort : dn

strategy.exit('Long Exit', from_entry='Long', stop=exitLong)
strategy.exit('Short Exit', from_entry='Short', stop=exitShort)


///////////////////////////////////////////////////////////////////////////////
// Testing

// plotchar(slLong, title='long SL', char='.', color=noColor)
// plotchar(slShort, title='short SL', char='.', color=noColor)

Overview

Supertrend direction flips mark buy and sell signals, with optional labels and trend highlighting. The DEMA uses a selectable timeframe and source and is requested with lookahead enabled, so higher-timeframe values can use future bars. An initial stop can be set to the DEMA or the Supertrend line. Date limits, ATR length, multiplier, and ATR method are adjustable. Position size defaults to a percent of equity.

Supertrend buy and sell signals
Higher-timeframe DEMA overlay
ATR multiplier and calculation method
Initial stop from DEMA or Supertrend
Start and end date filter

Details

Published by

benso87 on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

Risk Notes

Signals can change on the live bar or after it closes (repainting)
Reads higher-timeframe data with lookahead on, so the history can show signals that were not there in real time

File

Super Duper Trend Strategy.pine

Repository

github.com/benso87/Private-Pine-Scripts. See its other scripts in the library

Settings

The inputs you can change from the gear icon on the chart. Defaults are the author's.

Setting	Type	Default	Variable
Start	`time`	`timestamp('1 Jan 2022 00:00')`	`startDate`
End	`time`	`timestamp('1 Jan 2100 00:00')`	`endDate`
DEMA Timeframe	`timeframe`		`timeframeD`
Length	`int`	`200`	`lenD`
Source	`source`	`close`	`srcD`
ATR Period	`int`	`12`	`atrPeriod`
Source	`source`	`hl2`	`srcS`
ATR Multiplier	`float`	`3`	`mult`
Change ATR Calculation Method ?	`bool`	`true`	`changeATR`
Show Buy/Sell Signals ?	`bool`	`true`	`showsignals`
Highlighter On/Off ?	`bool`	`true`	`highlighting`
Initial Stop Loss	`string`	`DEMA`	`exitChoice`

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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