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 v6 · On the chart
Supertrend Flip Backtest - Gold Daily
A long-only strategy built on the Supertrend line, with ATR period 10 and multiplier 3 by default.
GitHub stars1on the repository
Pine versionv6current
Lines of code32
Settings5inputs
LicenceNone stated
Last update2 months ago23 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
Supertrend Flip Backtest - Gold Daily buys when Supertrend flips bullish, and an optional calm filter requires ADX to be below a threshold at that moment. Position size is set so the distance from entry to the Supertrend line equals a chosen share of equity, 2 by default. The stop trails on the Supertrend line, and the position closes when it is hit. It plots the line on the price chart.
- Supertrend bullish flip entry
- Optional low-ADX calm filter
- Risk-based position sizing from stop distance
- Stop trailed on the Supertrend line
- Commission set to 0.04 percent per side
Details
Published by
vedkanani123 on GitHub
Type
Strategy, Pine Script v6
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Gold
Timeframes
H4 and above
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.
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 | atrPeriod |
| Multiplier | float | 3.0 | factor |
| Calm filter (signal only when ADX is low) | bool | true | useCalm |
| ADX below this = calm | int | 25 | adxMax |
| Risk % of equity per trade | float | 2.0 | riskPct |
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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