Pritesh-StocksDeveloper

Supertrend - Intraday

Supertrend Intraday Strategy

Basic supertrend strategy purpose built for intraday trading. Users can define intraday session during which the strategy will run.
Position is reversed when signal changes by using double quantity. Once the intraday session is over & if the position is open; it is squared off.

Parameters:
  • Intraday Session - Defines the duration for which the strategy should execute.
  • Multiplier
  • ATR Period
Release Notes:
  • To avoid frequent signals, we have turned off "calc_on_every_tick".
  • Multiplier parameter has more flexibility as it can be incremented or decremented in steps of 0.1
Release Notes: Upgrade to Pine Script Version 5

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

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