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 v4 · On the chart
Supertrend
A Pine v4 strategy built on the classic ATR Supertrend, with the ATR calculated either by Wilder's method or a simple moving average.
GitHub stars1on the repository
Pine versionv4older, still runs
Lines of code106
Settings13inputs
LicenceNone stated
Last update2 years ago15 Jul 2024
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
Supertrend plots up and down trend lines with buy and sell labels, optional highlight fills, and alert conditions for direction changes. It also includes an intraday session filter, a trade quantity input and optional fixed target and stop loss values, both switched off by default.
- ATR Supertrend with buy and sell labels
- Selectable ATR calculation method
- Intraday session inputs
- Optional fixed target and stop loss, off by default
Details
Published by
akash-yellgetti on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Indices
Timeframes
M15-H1
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 |
|---|---|---|---|
| ATR Period | int | 10 | Periods |
| Source | source | hl2 | src |
| ATR Multiplier | float | 3.0 | Multiplier |
| Change ATR Calculation Method ? | bool | true | changeATR |
| Show Buy/Sell Signals ? | bool | true | showsignals |
| Highlighter On/Off ? | bool | true | highlighting |
| INTRA DAY TRADE SESSION | session | 0915-1450 | s |
| END SESSION | session | 1515-1520 | e |
| Trade Quantity | int | 100 | quant |
| USE TARGET | bool | false | ut |
| USE STOPLOSS | bool | false | us |
| TARGET IN RS | float | 10.0 | tar |
Show all 13 settings
| Setting | Type | Default | Variable |
|---|---|---|---|
| STOP LOSS IN RS | float | 7.0 | stop |
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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