Supertrend v2 Strategy: Free TradingView Strategy (Pine Script)

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 direction comes from an ATR period and multiplier; long and short entries require the Stochastic RSI lines to be in low or high bands and close to each other while the trend agrees. Trades are limited to a configurable date range, with fixed long and short amounts. No stop loss or take profit is set by default, so exits rely on the trend change logic.

Supertrend trend direction
Stochastic RSI entry conditions
Backtest date range inputs
Fixed long and short amounts

Details

Published by

greenish7 on GitHub

Type

Strategy, Pine Script v5

Draws

On the price chart

Markets

Any symbol

Timeframes

M1-M5

Risk Notes

The strategy enters trades without a stop loss

File

src/scripts/strategy.pine

Repository

github.com/greenish7/pinescript-bot. See its other scripts in the library

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`	`27`	`length`
Source	`source`	`hl2`	`src`
ATR Multiplier	`float`	`3.9`	`multiplier`
Change ATR calculation method ?	`bool`	`true`	`changeATR`
Show Buy & Sell signals	`bool`	`true`	`showSignals`
Turn Highlighter On/Off ?	`bool`	`true`	`highlighting`
K	`int`	`5`	`smoothK`
D	`int`	`5`	`smoothD`
RSI Length	`int`	`14`	`lengthRSI`
Stochastic Length	`int`	`14`	`lengthStoch`
RSI Source	`source`	`close`	`rsi_src`
Show stoch RSI	`bool`	`false`	`show_stoch_rsi`

Show all 24 settings

Setting	Type	Default	Variable
RSI Bands Long Threshold	`int`	`10`	`long_entry_rsa_band_threshold`
RSI Long ABS Value Threshold	`int`	`3`	`long_entry_abs_value_threshold`
RSI Bands Short Threshold	`int`	`90`	`short_entry_rsa_band_threshold`
RSI Short ABS Value Threshold	`int`	`3`	`short_entry_abs_value_threshold`
From Month	`int`	`1`	`fromMonth`
From Day	`int`	`1`	`fromDay`
From Year	`int`	`2022`	`fromYear`
To Month	`int`	`1`	`toMonth`
To Day	`int`	`1`	`toDay`
To Year	`int`	`2112`	`toYear`
Long Amount	`int`	`100`	`long_amount`
Short Amount	`int`	`100`	`short_amount`

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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