PROTECTED SOURCE SCRIPT
APIBridge Supertrend with Moving Average
Updated
What is Supertrend formula?
The formula for supertrend indicator is as below: Up = (high + low)/2 + multiplier X ATR. Down = (high + low)/2- multiplier X ATR.0
What is Moving Average ?
The strategy contains various types of moving averages namely [EMA, SMA,WMA,HMA,VWMA,SWMA] , the moving averages is price based by default it works on closing price but the source option has been given
Perameter : Defination
Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time
Alert_Message : Need to copy while creating alert into Message Box
Use_Superterend : Check if you want to use supertrend indicator
ATR Period : Average True Range Period
Source : A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell.
ATR Multplier : It can also be called ATR (average true range) which shows you the average as per the last 10 days to tell you the range. The factor or
multiplier is 3
which means the range over 10 days has been multiplied by 3 which gives you the volatility for movement.
Trade Setup : Intraday / Positional (Selecct accordingly)
Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1
End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply
Use Second Session : Check this to use second intraday session
Start Time Stop Time (Session 2) Intraday / Positional start time and end time of trade for session 2
End Session 1 Define time to exit any existing position taken in session 2 so that exchange charges will not apply
USE_EMA Cheque if you want to use Moving Average Indicator
Type Select Type of Moving Average Indicator you want to use
Length Length of the indicator you want
Source Source of the indicator you want to select like Open/High/Low/Close etc.
Use Target check if you want to set required target if not cheque will not applicable
Use StopLoss Cheque if you want to set stop loss if not cheque will not applicable
Trailling Stoploss Cheque if you want to set trailing stop loss if not cheque will not applicable
Point Or Percentage For TG SL Use Points or Percentage as per your choice
Target Set as per the selection of (Point Or Percentage For TG SL)
Stop Loss Set as per the selection of (Point Or Percentage For TG SL)
TSL_Type Select as per your logic in %/ATR/Points
TSL_Input Set in case you select %/Points in TSL_Type
ATR Length Set as per your logic if you select ATR in the field of TSL_Type
ATR_Mult Set as per your logic if you select ATR in the field of TSL_Type
Segment Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures)
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity
Select Expiry Date Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures)
Select Expiry Month Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures)
Year Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures)
Quantity Enter the quantity in which you want to trade (Used in case of option / Futures)
Product Type Select MIS/Normal/CNC as per your logic (Used in case of option / Futures)
Order Type Select Market/Limit as per your logic (Used in case of option / Futures)
Strategy Tag Enter the value in case you are using webhook / advance template in APIBridgeTM
Lotsize Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures)
STEP (OTM/ATM/ITM) Select OTM(+1)/ATM(0)/ITM(-1) as per your logic works in case of options only
DIFFERENCE_BETWEEN 2 STRIKE Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100
APIB Port Set as per provided to you by Algoji in case of webhook / advance templet
The formula for supertrend indicator is as below: Up = (high + low)/2 + multiplier X ATR. Down = (high + low)/2- multiplier X ATR.0
What is Moving Average ?
The strategy contains various types of moving averages namely [EMA, SMA,WMA,HMA,VWMA,SWMA] , the moving averages is price based by default it works on closing price but the source option has been given
Perameter : Defination
Backtesting : Use this to backtest the strategy between Starting and Ending Date and time , it can also be used to set trades in future time
Alert_Message : Need to copy while creating alert into Message Box
Use_Superterend : Check if you want to use supertrend indicator
ATR Period : Average True Range Period
Source : A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell.
ATR Multplier : It can also be called ATR (average true range) which shows you the average as per the last 10 days to tell you the range. The factor or
multiplier is 3
which means the range over 10 days has been multiplied by 3 which gives you the volatility for movement.
Trade Setup : Intraday / Positional (Selecct accordingly)
Start Time Stop Time (Session 1) : Intraday / Positional start time and end time of trade for session 1
End Session 1 : Define time to exit any existing position taken in session 1 so that exchange charges will not apply
Use Second Session : Check this to use second intraday session
Start Time Stop Time (Session 2) Intraday / Positional start time and end time of trade for session 2
End Session 1 Define time to exit any existing position taken in session 2 so that exchange charges will not apply
USE_EMA Cheque if you want to use Moving Average Indicator
Type Select Type of Moving Average Indicator you want to use
Length Length of the indicator you want
Source Source of the indicator you want to select like Open/High/Low/Close etc.
Use Target check if you want to set required target if not cheque will not applicable
Use StopLoss Cheque if you want to set stop loss if not cheque will not applicable
Trailling Stoploss Cheque if you want to set trailing stop loss if not cheque will not applicable
Point Or Percentage For TG SL Use Points or Percentage as per your choice
Target Set as per the selection of (Point Or Percentage For TG SL)
Stop Loss Set as per the selection of (Point Or Percentage For TG SL)
TSL_Type Select as per your logic in %/ATR/Points
TSL_Input Set in case you select %/Points in TSL_Type
ATR Length Set as per your logic if you select ATR in the field of TSL_Type
ATR_Mult Set as per your logic if you select ATR in the field of TSL_Type
Segment Select segment of your logic EQ/FUTIDX/FUTSTK/OPTIDX/OPTSTK/FUTCUR/FUTCUM (Used in case of option / Futures)
EQ Equity
FUTIDX Future Index
FUTSTK Future Stock
OPTIDX Index Option
OPTSTK Stock Option
FUTCUR Futcur Currency
FUTCUM Future Commodity
Select Expiry Date Select the expiry date of your trade as per the segment you selected (Used in case of option / Futures)
Select Expiry Month Select the expiry Month of your trade as per the segment you selected (Used in case of option / Futures)
Year Select the expiry Year of your trade as per the segment you selected (Used in case of option / Futures)
Quantity Enter the quantity in which you want to trade (Used in case of option / Futures)
Product Type Select MIS/Normal/CNC as per your logic (Used in case of option / Futures)
Order Type Select Market/Limit as per your logic (Used in case of option / Futures)
Strategy Tag Enter the value in case you are using webhook / advance template in APIBridgeTM
Lotsize Enter the lotsize as per your lotic and quentity selection (Used in case of option / Futures)
STEP (OTM/ATM/ITM) Select OTM(+1)/ATM(0)/ITM(-1) as per your logic works in case of options only
DIFFERENCE_BETWEEN 2 STRIKE Select difference of 2 strikes you have used in APIBridge symbol setting list, like for Nifty 50 BankNifty 100
APIB Port Set as per provided to you by Algoji in case of webhook / advance templet
Release Notes
In this version of the strategy we have an option for Heikin-Ashi based Moving averages in which you can use Heikin-Ashi price based Moving Averages instead normal candlestick price based Moving AveragesRelease Notes
updatedRelease Notes
updatedProtected script
This script is published closed-source and you may privately use it freely.
Want to use this script on a chart?
Regards,
Algoji Enterprises Private Limited
APIBridge™
Algoji Enterprises Private Limited
APIBridge™
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.