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 v5 · On the chart
Supertrend + EMA rebound [Alorse]
This strategy plots a Supertrend line from ATR length and factor, plus a single EMA, on the price chart.
GitHub stars330on the repository
Pine versionv5runs as is
Lines of code72
Settings9inputs
LicenceNone statedfile: MPL-2.0
Last update2 months ago25 Aug 2026
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
72 lines of Pine Script v5 from strategies/trend/Supertrend + EMA rebound [Alorse].pine, published under MPL-2.0 (file header). Keep the author's credit and licence lines when you reuse it.
// This source code is subject to the terms of the Mozilla Public License 2.0 at https://mozilla.org/MPL/2.0/
// © alorse
//@version=5
strategy(title='Supertrend + EMA rebound [Alorse]', overlay=true, pyramiding=0, currency=currency.USD, default_qty_type=strategy.percent_of_equity, initial_capital=10000, default_qty_value=10, commission_type=strategy.commission.percent, commission_value=0.1)
// Backtesting
btGroup = "Backtesting"
startTime = input.time(title="Start time", defval=timestamp("Nov 01 2021 23:59:59"), group=btGroup)
endTime = input.time(title="End time", defval=timestamp("Feb 01 2099 23:59:59"), group=btGroup)
inDateRange = time >= startTime and time <= endTime
atrPeriod = input(10, "ATR Length")
factor = input.float(3.0, "Factor", step = 0.1)
[supertrend, direction] = ta.supertrend(factor, atrPeriod)
inLong = direction < 0
inShort = direction > 0
upTrend = plot(inLong? supertrend : na, "Up Trend", color = color.green, style=plot.style_linebr)
downTrend = plot(inShort ? supertrend : na, "Down Trend", color = color.red, style=plot.style_linebr)
bodyMiddle = plot((open + close) / 2, display=display.none)
fill(bodyMiddle, upTrend, color.new(color.green, 90), fillgaps=false)
fill(bodyMiddle, downTrend, color.new(color.red, 90), fillgaps=false)
// Moving Averages
len_a = input.int(20, minval=1, title='EMA A Length', group='Moving Average')
out_a = ta.ema(close, len_a)
plot(out_a, title='EMA A', color=color.yellow)
lastEntry = strategy.opentrades.entry_price(0)
// Strategy Conditions
stratGroup = 'Strategy'
showLong = input.bool(true, title='Long entries', group=stratGroup)
showShort = input.bool(true, title='Short entries', group=stratGroup)
entryLong = ta.change(direction) < 0
entryLong := entryLong or (inLong and close[1] < out_a and close > out_a and close < lastEntry)
exitLong = ta.change(direction) > 0
entryShort = ta.change(direction) > 0
entryShort := entryShort or (inShort and close[1] > out_a and close < out_a and close > lastEntry)
exitShort = ta.change(direction) < 0
tpGroup = 'Take Profit'
useTP = input.string(title='Type', defval='Supertrend', options=['Supertrend', '%'], group=tpGroup, tooltip='Supertrend: \nPercent (%): \nRatio:')
TPPercent = input.float(1.5, step=0.1, title='Percent/Ratio', group=tpGroup)
longTP = 99999999999.9
shortTP = 0.0
bought = strategy.opentrades[0] == 1 and strategy.position_size[0] > strategy.position_size[1]
entry_price = ta.valuewhen(bought, open, 0)
if useTP == '%'
longTP := strategy.position_avg_price * (1 + (TPPercent * 0.01))
shortTP := strategy.position_avg_price * (1 - (TPPercent * 0.01))
else
longTP := na
shortTP := na
if showLong and inDateRange
strategy.entry("Long", strategy.long, when=entryLong)
strategy.close("Long", when=exitLong)
strategy.exit("Exit", "Long", limit=longTP)
if showShort and inDateRange
strategy.entry("Short", strategy.short, when=entryShort)
strategy.close("Short", when=exitShort)
strategy.exit("Exit", "Short", limit=shortTP)
Overview
Supertrend + EMA rebound [Alorse] enters long when Supertrend turns bullish or while the trend is bullish and price crosses back above the EMA below the last entry price. Short entries mirror that logic. Positions close when Supertrend flips, and an optional percent take-profit limit can be set. Main settings change ATR length, factor, EMA length, trade direction, and take-profit type. There is no stop loss by default.
- ATR Supertrend trend lines
- EMA rebound entries
- Optional percent take profit
- Long and short toggles
- Backtest date range filter
Details
Published by
Alorse on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Moving averages, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
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 |
|---|---|---|---|
| Start time | time | timestamp("Nov 01 2021 23:59:59") | startTime |
| End time | time | timestamp("Feb 01 2099 23:59:59") | endTime |
| ATR Length | int | 10 | atrPeriod |
| Factor | float | 3.0 | factor |
| EMA A Length | int | 20 | len_a |
| Long entries | bool | true | showLong |
| Short entries | bool | true | showShort |
| Type | string | Supertrend | useTP |
| Percent/Ratio | float | 1.5 | TPPercent |
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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