Supertrend Cloud

1. Buy above SuperTrend cloud.
2. Sell below SuperTrend cloud.

Release Notes

-Simplified inputs SuperTrend 2 - Period = SuperTrend 1 Period Multiplier = SuperTrend 1 Multiplier * 2
-Added RSI Oversold Buy
-Added optional bar color

Release Notes

-Added short entries.
-Removed oversold RSI longs.

Release Notes

-RSI Oversold buy re-added.
-Fixed Long alert for RSI Oversold Buy.

Release Notes

-Default settings changed.

Release Notes

Fixed barcolor

Release Notes

-Cleaned up code
-Added inputs for both SuperTrend clouds to make it more adjustable.
-Added SL line (center of cloud).
-Added option to only exit after fully crossing cloud.

To come up with optimal settings use the strategy.A good starting point is 5m charts use 10,6,6,10 (Multiplier 1, Period 1, Multiplier 2, Period 2) or 4h Chart 3,10,6,10 (Multiplier 1, Period 1, Multiplier 2, Period 2)

Release Notes

-Fixed a case where cloud entry (No Trade Zone) wasn't always triggered.

Release Notes

1. Added Optional Stop Loss
2. Added Optional Take Profit
3. Added Optional Look Back Days

Open-source script

In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.

jhanson107

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.

Open-source script

jhanson107