SuperTrend Ajeet v1.2 — Indicator by STtraderr

TradingView

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This is my version of super trend
Here I have used fibo to identify pullback candles
Good signals are those which are preceded by a pullback
green pullback for buy and a red pullback for sell
For a further stronger signal
look if there is a double arrow
So normally I trade with a signal which has a double arrow and preceded by a pullback
As you all know that timeframe to be used is 3 mins
I personally use amibroker so here I have just tried to mirror that code in pine script
- Ajeet Singh

Release Notes: Made system more robust to catch 1% quick
good signals are coloured blue
Points before entry:
-There must be a pullback prior to signal
-There must NOT be any big move prior to signal

Release Notes: Added CPR (Pivot, BC, TC, S1, R1)

Release Notes: Probability:
Green/Red signals Probability 50%
Blue signals Probability 55%
Black signals Probability 60%
Check if preeceded by double top/bottom
and a pullback

Release Notes: Release Notes: Probability:
Green/Red signals Probability 50%
Blue signals Probability 55%
Black signals Probability 60%
Check if preceded by double top/bottom
and a pullback

Release Notes: Rights transferred

Release Notes: Signals have been smoothened !

Release Notes: We have made it more simple !!!

Release Notes: Fixed some errors

Protected script

This script is published closed-source and you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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Comments

sir
i not am gtting the pullbak signals on th chart an u hlep me

venkatasivaram

@venkatasivaram, I have replied to you

what is the meaning and significance of BC and TC can you guide me please?

Hearfelt thanks sirji and appreciate your efforts. Thanks once again !!! Stay Blessed and Stay Connected !!

How I get this indicator

what time frame and is it applicable only for NSE stocks or Nifty and BNF options also ?

contentBustard7238

@contentBustard7238, I tested it on 3 mins timeframe on 4 stocks selected by me daily.
Tested for 6 months, gave around 62% return after adjusting SL and brokerage.
Valid signals, which are preceeded by a pullback and double top/bottom
if by chance they appear after signal then buy/sell is not valid

Dear sir, trying to learn in depth the signals from this script, looks promising..., thanks sir ji

Hello Ajeet, Thank you for this indicator. I tried adding it to TV and it is showing up as version 1.13 - SuperTrend Ajeet v1.13. I see in the screenshot above it is 1.21. Could you kindly explain if i am missing something here. Is the script the TV is pointing to outdated? Looking forward to your reply. Thank you.

Hi sirji., Thank you very much bro..