OPEN-SOURCE SCRIPT

Multi-Timeframe Supertrend Strategy with Confirmations

111
This is a multi-timeframe Supertrend strategy with a dual-exit system. In brief:

Core Concept: Follow the trend using Supertrend as the primary engine.

Entry:

Long when Supertrend flips from red to green (bearish to bullish)

Short when Supertrend flips from green to red (bullish to bearish)

Filters (optional):

RSI, EMA, and ADX confirmations to reduce false signals

Exit (whichever comes first):

Trailing stop loss (protects profits once price moves favorably)

Opposite Supertrend signal (exits when trend reverses)

Key Features:

Works on any timeframe combination (e.g., use 1-hour Supertrend on 15-minute chart)

Long/short direction can be toggled independently

Trailing stop activates only after price moves a specified percentage in your favor

In essence: Ride the trend until either a protective stop triggers or the trend reverses, using higher-timeframe signals for cleaner entries.

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, alım satım veya diğer türden tavsiye veya öneriler anlamına gelmez ve teşkil etmez. Kullanım Koşulları bölümünde daha fazlasını okuyun.