OPEN-SOURCE SCRIPT
SuperTrend Strategy [Long/Short]
SuperTrend Strategy [Long/Short]
A clean SuperTrend-based strategy with dynamic stop-loss, built on Pine Script v6.
Automatically flips between Long and Short on trend reversals, with SuperTrend acting as both entry trigger and trailing stop.
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🔹 HOW IT WORKS
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SuperTrend is calculated using ATR (Average True Range) and a multiplier factor.
When the trend direction flips, the strategy closes the current position and opens the opposite — a full reversal (flip) system.
- Bullish flip → Closes Short, opens Long
- Bearish flip → Closes Long, opens Short
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🔹 STOP-LOSS LOGIC
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The SuperTrend line acts as a dynamic stop-loss level.
- Long position → SL applied when SuperTrend is below current price
- Short position → SL applied when SuperTrend is above current price
This keeps the stop adaptive to market volatility rather than fixed.
━━━━━━━━━━━━━━━━━━━━━━━
🔹 FEATURES
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- Enable / Disable strategy execution independently
→ When disabled, the SuperTrend line and signals still display on the chart.
- Lot Size input
→ Set a fixed quantity per entry.
- Commission & Slippage
→ Defaults: 0.05% commission, 3 ticks slippage.
→ Edit directly in the script, or override via Strategy Properties tab.
- Visual BUY / SELL labels plotted directly on the chart.
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🔹 ALERT CONDITIONS (2 total)
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- 🟢 Buy Alert — Bullish flip detected
- 🔴 Sell Alert — Bearish flip detected
Alerts include ticker and timeframe in the message: {{ticker}}, {{interval}}
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🔹 SETTINGS
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- ATR Length : 10 (default)
- Factor : 3.0 (default)
- Lot Size : 1.0 (default)
Increase the Factor to reduce signal frequency and filter noise.
Decrease it for more responsive signals on shorter timeframes.
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⚠️ DISCLAIMER
━━━━━━━━━━━━━━━━━━━━━━━
This script is for educational and backtesting purposes only.
Past performance does not guarantee future results.
Always apply proper risk management before using any strategy in live markets.
A clean SuperTrend-based strategy with dynamic stop-loss, built on Pine Script v6.
Automatically flips between Long and Short on trend reversals, with SuperTrend acting as both entry trigger and trailing stop.
━━━━━━━━━━━━━━━━━━━━━━━
🔹 HOW IT WORKS
━━━━━━━━━━━━━━━━━━━━━━━
SuperTrend is calculated using ATR (Average True Range) and a multiplier factor.
When the trend direction flips, the strategy closes the current position and opens the opposite — a full reversal (flip) system.
- Bullish flip → Closes Short, opens Long
- Bearish flip → Closes Long, opens Short
━━━━━━━━━━━━━━━━━━━━━━━
🔹 STOP-LOSS LOGIC
━━━━━━━━━━━━━━━━━━━━━━━
The SuperTrend line acts as a dynamic stop-loss level.
- Long position → SL applied when SuperTrend is below current price
- Short position → SL applied when SuperTrend is above current price
This keeps the stop adaptive to market volatility rather than fixed.
━━━━━━━━━━━━━━━━━━━━━━━
🔹 FEATURES
━━━━━━━━━━━━━━━━━━━━━━━
- Enable / Disable strategy execution independently
→ When disabled, the SuperTrend line and signals still display on the chart.
- Lot Size input
→ Set a fixed quantity per entry.
- Commission & Slippage
→ Defaults: 0.05% commission, 3 ticks slippage.
→ Edit directly in the script, or override via Strategy Properties tab.
- Visual BUY / SELL labels plotted directly on the chart.
━━━━━━━━━━━━━━━━━━━━━━━
🔹 ALERT CONDITIONS (2 total)
━━━━━━━━━━━━━━━━━━━━━━━
- 🟢 Buy Alert — Bullish flip detected
- 🔴 Sell Alert — Bearish flip detected
Alerts include ticker and timeframe in the message: {{ticker}}, {{interval}}
━━━━━━━━━━━━━━━━━━━━━━━
🔹 SETTINGS
━━━━━━━━━━━━━━━━━━━━━━━
- ATR Length : 10 (default)
- Factor : 3.0 (default)
- Lot Size : 1.0 (default)
Increase the Factor to reduce signal frequency and filter noise.
Decrease it for more responsive signals on shorter timeframes.
━━━━━━━━━━━━━━━━━━━━━━━
⚠️ DISCLAIMER
━━━━━━━━━━━━━━━━━━━━━━━
This script is for educational and backtesting purposes only.
Past performance does not guarantee future results.
Always apply proper risk management before using any strategy in live markets.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.
Script de código abierto
Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.
Exención de responsabilidad
La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.