Triple Supertrend Strategy: Free TradingView Strategy (Pine Script)

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

65 lines of Pine Script v4 from Triple Supertrend with Baseline Strategy.pine, published under MIT. Keep the author's credit and licence lines when you reuse it.

Triple Supertrend with Baseline Strategy.pine

//@version=4
strategy("Triple Supertrend Strategy", overlay = true)

src = input(hl2, title="Source")
sPeriod = input(title="Short ATR Period", type=input.integer, defval=10)
sMultiplier = input(title="Short ATR Multiplier", type=input.float, step=0.1, defval=1.0)
mPeriod = input(title="Medium ATR Period", type=input.integer, defval=11)
mMultiplier = input(title="Medium ATR Multiplier", type=input.float, step=0.1, defval=2.0)
lPeriod = input(title="Long ATR Period", type=input.integer, defval=12)
lMultiplier = input(title="Long ATR Multiplier", type=input.float, step=0.1, defval=3.0)

yearstart = input(2018, title="Year Start")

satr = atr(sPeriod)
sup = src - (sMultiplier * satr)
sup1 = nz(sup[1], sup)
sup := close[1] > sup1 ? max(sup, sup1) : sup
sdn = src + (sMultiplier * satr)
sdn1 = nz(sdn[1], sdn)
sdn := close[1] < sdn1 ? min(sdn, sdn1) : sdn
strend = 1
strend := nz(strend[1], strend)
strend := strend == -1 and close > sdn1 ? 1 : strend == 1 and close < sup1 ? -1 : strend

matr = atr(mPeriod)
mup = src - (mMultiplier * matr)
mup1 = nz(mup[1], mup)
mup := close[1] > mup1 ? max(mup, mup1) : mup
mdn = src + (mMultiplier * matr)
mdn1 = nz(mdn[1], mdn)
mdn := close[1] < mdn1 ? min(mdn, mdn1) : mdn
mtrend = 1
mtrend := nz(mtrend[1], mtrend)
mtrend := mtrend == -1 and close > mdn1 ? 1 : mtrend == 1 and close < mup1 ? -1 : mtrend

latr = atr(lPeriod)
lup = src - (lMultiplier * latr)
lup1 = nz(lup[1], lup)
lup := close[1] > lup1 ? max(lup, lup1) : lup
ldn = src + (lMultiplier * latr)
ldn1 = nz(ldn[1], ldn)
ldn := close[1] < ldn1 ? min(ldn, ldn1) : ldn
ltrend = 1
ltrend := nz(ltrend[1], ltrend)
ltrend := ltrend == -1 and close > ldn1 ? 1 : ltrend == 1 and close < lup1 ? -1 : ltrend

baseline = ema(close, 200)


buysignal = strend == 1 and mtrend == 1 and ltrend == 1 and strategy.position_size == 0
sellsignal = strend != 1 and mtrend != 1 and ltrend != 1 and strategy.position_size == 0

tplong = open + (open - mup)
sllong = open - mup

tpshort = open - mdn
slshort = open - (open - mdn)

if time >= timestamp(yearstart,0,0,0,0,0)
    strategy.entry("buy", strategy.long, 10000, when = buysignal)
    strategy.close("buy", when = (strend != 1))
    strategy.exit("close", "buy", 10000, stop = sllong, limit = tplong, when=strategy.position_size > 0)

    strategy.entry("sell", strategy.short, 10000, when = sellsignal)
    strategy.close("sell", when = (strend == 1))

Overview

Triple Supertrend Strategy enters long when all three trends are bullish and the position is flat, and enters short when none is bullish and the position is flat. Longs close if the short Supertrend turns down and also use a stop and limit based on the medium upper band. Shorts close when the short Supertrend turns up, with no separate short stop in the code. A start year limits when orders are placed. It runs on the price chart for any market or timeframe.

Short, medium, and long ATR Supertrends
Long and short entries when all trends agree
Long stop and limit from the medium band
Short exit when the short trend flips
Configurable start year for orders

Details

Published by

shyrwinsia on GitHub

Type

Strategy, Pine Script v4

Draws

On the price chart

Markets

Any symbol

Timeframes

Any timeframe

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.

File

Triple Supertrend with Baseline Strategy.pine

Repository

github.com/shyrwinsia/pine-scripts. 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
Source	`source`	`hl2`	`src`
Short ATR Period	`int`	`10`	`sPeriod`
Short ATR Multiplier	`float`	`1.0`	`sMultiplier`
Medium ATR Period	`int`	`11`	`mPeriod`
Medium ATR Multiplier	`float`	`2.0`	`mMultiplier`
Long ATR Period	`int`	`12`	`lPeriod`
Long ATR Multiplier	`float`	`3.0`	`lMultiplier`
Year Start	`int`	`2018`	`yearstart`

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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