Supertrend + RSI Strategy update

kemarin

//version=5
strategy("Supertrend + RSI Strategy", overlay=true)

// Input Parameters
atrLength = input.int(10, title="ATR Length", minval=1)
factor = input.float(3.0, title="Supertrend Factor", step=0.1)
rsiLength = input.int(14, title="RSI Length", minval=1)
rsiOverbought = input.int(70, title="RSI Overbought Level")
rsiOversold = input.int(30, title="RSI Oversold Level")

// Supertrend Calculation
atr = ta.atr(atrLength)
upperBand = ta.sma(close, atrLength) + (factor * atr)
lowerBand = ta.sma(close, atrLength) - (factor * atr)
supertrend = 0.0
supertrend := close > nz(supertrend[1], close) ? lowerBand : upperBand
supertrendSignal = close > supertrend ? "Buy" : "Sell"

// RSI Calculation
rsi = ta.rsi(close, rsiLength)

// Trading Logic
longCondition = (supertrendSignal == "Buy") and (rsi > rsiOversold) and ta.crossover(rsi, rsiOversold)
shortCondition = (supertrendSignal == "Sell") and (rsi < rsiOverbought) and ta.crossunder(rsi, rsiOverbought)

// Entry and Exit Conditions
if longCondition
strategy.entry("Long", strategy.long)

if shortCondition
strategy.entry("Short", strategy.short)

// Exit Strategy with Stop Loss and Take Profit
strategy.exit("Exit Long", from_entry="Long", stop=supertrend, limit=close + 2 * atr)
strategy.exit("Exit Short", from_entry="Short", stop=supertrend, limit=close - 2 * atr)

// Plot Supertrend
plot(supertrend, title="Supertrend", color=color.new(color.blue, 0), linewidth=2, style=plot.style_line)

// Plot RSI Levels
hline(rsiOverbought, "Overbought", color=color.red)
hline(rsiOversold, "Oversold", color=color.green)
plot(rsi, title="RSI", color=color.orange, style=plot.style_stepline)

// Alerts
alertcondition(longCondition, title="Buy Alert", message="Supertrend + RSI Buy Signal")
alertcondition(shortCondition, title="Sell Alert", message="Supertrend + RSI Sell Signal")