OPEN-SOURCE SCRIPT
Updated ORT 15M Indicator (Enhanced Signals)
RedShift ST is a short-only trend-following strategy based on the Supertrend indicator. It enters short positions when the trend flips bearish (green to red) and exits when the trend reverses bullish. The system is designed to capture downside momentum in trending markets while avoiding overtrading, making it effective during strong bearish phases but less active in sideways conditions.
Release Notes
this doesn't work nowOpen-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.