jhanson107

Supertrend Cloud

jhanson107 Updated   
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 author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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.

Want to use this script on a chart?