This overlay strategy targets one-minute ES futures and plots volume-weighted moving-average bands from the open, scaled by a standard-deviation multiple, plus a slower band from ten-minute opens. A higher-timeframe exponential moving average can filter trades
Strategy · Pine Script v4 · On the chart
Supertrend [Alorse]
This strategy implements a trend-following execution model based on the classic Supertrend indicator.
GitHub stars330on the repository
Pine versionv4older, still runs
Lines of code45
Settings5inputs
LicenceNone stated
Last update2 months ago25 Aug 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
When the ATR-derived Supertrend flips to a bullish state, the strategy opens a long position. The initial stop loss is determined by the lowest price over a user-defined lookback window, while the take profit is calculated using a risk multiplier factor. It plots the trailing upper and lower Supertrend bands directly on the main price chart.
- ATR-based Supertrend trend detection
- Dynamic risk-reward ratio take profit exit
- Lookback swing low stop loss setting
- Configurable ATR period and multiplier
Details
Published by
Alorse on GitHub
Type
Strategy, Pine Script v4
Draws
On the price chart
Category
Trend, Volatility & bands
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
pinescriptpinescript-indicatorspinescript-strategiestrading-strategiestradingviewtradingview-alerttradingview-strategy
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| Source | source | hl2 | src |
| ATR Period | int | 10 | Periods |
| ATR Multiplier | float | 3.7 | Multiplier |
| Bars back | int | 2 | barsBack |
| Take profit factor | float | 1.5 | tpFactor |
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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