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 v5 · On the chart
Supertrend Strategy
This strategy uses the built-in Supertrend calculation to generate long and short trade entries based on trend reversals.
GitHub stars37on the repository
Pine versionv5runs as is
Lines of code15
Settings2inputs
LicenceMIT
Last update3 years ago10 Feb 2023
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
15 lines of Pine Script v5 from Strategies/All Strategies are Here 🤩/SuperTrend-Strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.
//@version=5
strategy("Supertrend Strategy", overlay=true, default_qty_type=strategy.percent_of_equity, default_qty_value=15)
atrPeriod = input(10, "ATR Length")
factor = input.float(3.0, "Factor", step = 0.01)
[_, direction] = ta.supertrend(factor, atrPeriod)
if ta.change(direction) < 0
strategy.entry("My Long Entry Id", strategy.long)
if ta.change(direction) > 0
strategy.entry("My Short Entry Id", strategy.short)
//plot(strategy.equity, title="equity", color=color.red, linewidth=2, style=plot.style_areabr)
Overview
Supertrend Strategy triggers a long position when the Supertrend direction flips to indicate an uptrend and a short position when it flips to indicate a downtrend. User inputs allow customizing the Average True Range length and multiplier factor. Executed directly on the main price chart, the strategy relies entirely on directional flips to close and reverse trades, operating without explicit stop-loss orders.
- Built-in Supertrend directional reversal detection
- Configurable ATR length and factor settings
- Automatic position reversal on trend changes
Details
Published by
TWODS-CAPITAL on GitHub
Type
Strategy, Pine Script v5
Draws
On the price chart
Category
Trend, Volatility & bands
Markets
Any symbol
Timeframes
Any timeframe
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 Length | int | 10 | atrPeriod |
| Factor | float | 3.0 | factor |
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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