Doge SMA is a long-only moving-average crossover strategy drawn on the price chart. It calculates a fast and a slow simple moving average of close and enters a long position when the fast average crosses above the slow average, but only inside a user-defined s
Strategy · Pine Script v5 · On the chart
Supertrend UP/DOWN
This strategy plots a Supertrend line on the price chart and colors it green in an up direction and red in a down direction.
GitHub stars2on the repository
Pine versionv5runs as is
Lines of code23
Settings2inputs
LicenceMPL-2.0
Last update4 years ago27 Jun 2022
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
23 lines of Pine Script v5 from supertrend.pinescript, published under MPL-2.0. 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/
// © minaecer
//@version=5
strategy("Supertrend UP/DOWN", overlay=true, margin_long=100, margin_short=100)
longCondition = ta.crossover(ta.sma(close, 14), ta.sma(close, 28))
if (longCondition)
strategy.entry("Long", strategy.long)
shortCondition = ta.crossunder(ta.sma(close, 14), ta.sma(close, 28))
if (shortCondition)
strategy.entry("Short", strategy.short)
flen = input.int(5 ,title = "length" )
slen = input.int(5 , title="2nd length")
[supertrend , direct] = ta.supertrend(slen,flen)
plot(direct < 0 ? supertrend : na, "Up direction", color = color.green, style=plot.style_linebr)
plot(direct > 0 ? supertrend : na, "Down direction", color = color.red, style=plot.style_linebr)
plotchar(ta.crossover(direct,0) , char="⇩" , location=location.belowbar, size=size.large ,color=color.red)
plotchar(ta.crossunder(direct,0) , char="⇧" , location=location.belowbar, size=size.large ,color=color.green)
Overview
Supertrend UP/DOWN also marks direction changes with arrows below the bar. Entries come from a separate moving-average rule: a long when the 14-period simple moving average crosses above the 28-period average, and a short on the opposite cross. The length and second length inputs change only the Supertrend calculation, not the entry averages. There are no exit, stop-loss, or take-profit rules.
- Supertrend line colored by direction
- Direction-change arrows below bars
- SMA 14 and 28 crossover entries
- Adjustable Supertrend factor and length
- No exit or stop-loss rules
Details
Published by
minaecer on GitHub
Type
Draws
On the price chart
Category
Markets
Any symbol
Timeframes
Any timeframe
Risk Notes
- The strategy enters trades without a stop loss
Topics
pinescriptpinescript-indicatorstrades
Settings
The inputs you can change from the gear icon on the chart. Defaults are the author's.
| Setting | Type | Default | Variable |
|---|---|---|---|
| length | int | 5 | flen |
| 2nd length | int | 5 | slen |
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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