STtraderr

SuperTrend Ajeet v1.2

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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
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Comments

sir
i not am gtting the pullbak signals on th chart an u hlep me
+15 Reply
STtraderr venkatasivaram
@venkatasivaram, I have replied to you
+1 Reply
what is the meaning and significance of BC and TC can you guide me please?
+2 Reply
Hearfelt thanks sirji and appreciate your efforts. Thanks once again !!! Stay Blessed and Stay Connected !!
+2 Reply
How I get this indicator
+1 Reply
what time frame and is it applicable only for NSE stocks or Nifty and BNF options also ?
+1 Reply
STtraderr 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
Reply
Dear sir, trying to learn in depth the signals from this script, looks promising..., thanks sir ji
Reply
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.
Reply
Hi sirji., Thank you very much bro..
Reply
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