OPEN-SOURCE SCRIPT
SuperTrend on Steroids
SuperTrend on Steroids 🚀
Overview
SuperTrend on Steroids is a **powerful intraday trading strategy designed for high-accuracy trend-following signals. It combines SuperTrend, VWAP, EMA, and ADX to provide **optimized entry and exit points. This script helps traders identify strong momentum-based trades while minimizing false signals.
📌 Key Features
✔ SuperTrend Indicator – Identifies trend direction using ATR-based volatility
✔ VWAP (Volume Weighted Average Price) – Confirms institutional buying/selling pressure
✔ EMA (Exponential Moving Average) – Smooths price action for better trend confirmation
✔ ADX (Average Directional Index) – Measures trend strength to avoid weak signals
✔ Buy/Sell Alerts – Clearly marked "BUY" and "SELL" signals for easy trade execution
✔ Trend Highlighting – Background changes color to indicate trend shifts
📈 How It Works
1. SuperTrend Calculation:
- Uses ATR period (10) and multiplier (3.0) to determine trend direction
- Green trend = Bullish, Red trend = Bearish
2. **VWAP & EMA Confirmation:
- VWAP above EMA = Bullish bias, VWAP below EMA = Bearish bias
- EMA (21) acts as a dynamic support/resistance level
3. ADX Filtering (Optional for Strong Trends):
- ADX above 25 = Strong trend, signals are more reliable
- ADX below 25 = Weak trend, caution is advised
4. Entry Conditions:
✅ BUY Signal:
- SuperTrend turns green (Uptrend confirmation)
- Price closes above VWAP and EMA
- ADX shows trend strength
❌ SELL Signal:
- SuperTrend turns red (Downtrend confirmation)
- Price closes below VWAP and EMA
- ADX confirms downtrend strength
🔍 Best Timeframes & Markets
⏳ Ideal for intraday & short-term trading(5 min, 15 min, 1 hour)
📊 Works best on trending assets (Crypto, Stocks, Forex)
⚠ Avoid using in sideways/choppy markets
🔔 Alerts & Optimization
📢 Set TradingView alerts for buy/sell signals to automate trade execution.
⚙ Customize ATR period, ADX smoothing, EMA length to fit different asset classes.
🚀 Why Use This Strategy?
✔ Combines multiple indicators for high accuracy
✔ Reduces false breakouts using ADX filter
✔ Clear buy/sell signals with visual trend confirmation
✔ Easy to customize for different markets & timeframes
🔹 Disclaimer: No strategy is 100% perfect. Always use proper risk management and test in a demo before live trading. Happy Trading! 🚀📊
Let me know if you need any modifications! 🚀🔥
Overview
SuperTrend on Steroids is a **powerful intraday trading strategy designed for high-accuracy trend-following signals. It combines SuperTrend, VWAP, EMA, and ADX to provide **optimized entry and exit points. This script helps traders identify strong momentum-based trades while minimizing false signals.
📌 Key Features
✔ SuperTrend Indicator – Identifies trend direction using ATR-based volatility
✔ VWAP (Volume Weighted Average Price) – Confirms institutional buying/selling pressure
✔ EMA (Exponential Moving Average) – Smooths price action for better trend confirmation
✔ ADX (Average Directional Index) – Measures trend strength to avoid weak signals
✔ Buy/Sell Alerts – Clearly marked "BUY" and "SELL" signals for easy trade execution
✔ Trend Highlighting – Background changes color to indicate trend shifts
📈 How It Works
1. SuperTrend Calculation:
- Uses ATR period (10) and multiplier (3.0) to determine trend direction
- Green trend = Bullish, Red trend = Bearish
2. **VWAP & EMA Confirmation:
- VWAP above EMA = Bullish bias, VWAP below EMA = Bearish bias
- EMA (21) acts as a dynamic support/resistance level
3. ADX Filtering (Optional for Strong Trends):
- ADX above 25 = Strong trend, signals are more reliable
- ADX below 25 = Weak trend, caution is advised
4. Entry Conditions:
✅ BUY Signal:
- SuperTrend turns green (Uptrend confirmation)
- Price closes above VWAP and EMA
- ADX shows trend strength
❌ SELL Signal:
- SuperTrend turns red (Downtrend confirmation)
- Price closes below VWAP and EMA
- ADX confirms downtrend strength
🔍 Best Timeframes & Markets
⏳ Ideal for intraday & short-term trading(5 min, 15 min, 1 hour)
📊 Works best on trending assets (Crypto, Stocks, Forex)
⚠ Avoid using in sideways/choppy markets
🔔 Alerts & Optimization
📢 Set TradingView alerts for buy/sell signals to automate trade execution.
⚙ Customize ATR period, ADX smoothing, EMA length to fit different asset classes.
🚀 Why Use This Strategy?
✔ Combines multiple indicators for high accuracy
✔ Reduces false breakouts using ADX filter
✔ Clear buy/sell signals with visual trend confirmation
✔ Easy to customize for different markets & timeframes
🔹 Disclaimer: No strategy is 100% perfect. Always use proper risk management and test in a demo before live trading. Happy Trading! 🚀📊
Let me know if you need any modifications! 🚀🔥
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.
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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.