This strategy plots Supertrend on the price chart and enters long only when the one-hour Bitcoin Supertrend is bullish, the symbol Supertrend is bullish, price is above the line, and the bar makes a higher high.
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 + BTC Filter → 10% TP Only → Full Compounding sizes each trade at 100 percent of equity and allows only one open position. Exit is a fixed take-profit percentage, default 10, with no stop loss, so a position stays open until that target is reached. ATR length, multiplier, and take-profit percent are inputs. A corner table lists balances, net profit, and trade counts. Signals can change on the live bar.
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
Supertrend ATR Length
int
10
length
Supertrend Multiplier
float
3.0
mult
Take Profit %
float
10.0
take_profit_pct
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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