OPEN-SOURCE SCRIPT
Noro's SuperTrend Strategy v1.0
The SuperTrend indicator is used. This indicator is necessary for definition of a trend.
If now a uptrend and a candle red - to open a long position (and to close short)
If now a downtrend and a candle green - to open a short position (and to close long)
If now a uptrend and a candle red - to open a long position (and to close short)
If now a downtrend and a candle green - to open a short position (and to close long)
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 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.