OPEN-SOURCE SCRIPT

Super Trend Daily BF πŸš€

Diupdate
Super Trend is based on volatility and attempts to show the overall greater trend of a market. Thanks to everget for the idea of improving the Super Trend code. Thanks to kiasaki for ROC code.

The idea here is to enter a trade upon trend reversal (unless we have a white background - this indicates choppy/sideways market).

INSTRUCTIONS
Follow the background color for signals of a trend reversal.
  • Bright green = long
  • Bright red = short
  • White = no trade


We use a fixed stop loss here of 6% but I have included the option to apply an ATR based stop loss in Settings. No take profit. No re-entering until we get an opposing signal.

I use a Rate of Change function to detect when we should stay out due to choppy sideways price action.

This strategy was optimised for XBT/USD on Bitmex 1 day chart, ideal settings for other pairs will differ.

Catatan Rilis
Added a switch for Longs and Shorts in settings. If you want only longs, turn off shorts. Vice versa.
Bitcoin (Cryptocurrency)BTCUSDsupertrendTrend Analysis

Skrip open-source

Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menerbitkannya sebagai sumber terbuka, sehingga para trader dapat memahami dan memverifikasinya. Hormat untuk penulisnya! Anda dapat menggunakannya secara gratis, namun penggunaan kembali kode ini dalam publikasi diatur oleh Tata Tertib. Anda dapat memfavoritkannya untuk digunakan pada chart

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