OPEN-SOURCE SCRIPT
SuperTrend BB Strategy [STB]
█ OVERVIEW
SuperTrend BB Filter Strategy [STB] combines a standard SuperTrend with a Bollinger Bands SMA filter to reduce false signals in choppy markets.
The core idea is simple — use the BB midline (SMA) to confirm trend direction first, then take SuperTrend signals only in that direction.
█ HOW IT WORKS
SuperTrend generates BUY/SELL signals based on ATR-derived trend lines. On its own, it tends to get whipsawed in ranging conditions.
Bollinger Bands midline (SMA) acts as a trend filter:
• Price above BB midline → long signals only
• Price below BB midline → short signals only
This filters out a large portion of counter-trend noise.
█ ENTRY / EXIT CONDITIONS
Long Entry
• SuperTrend flips bullish (direction change)
• Close is above the BB midline (SMA)
Short Entry
• SuperTrend flips bearish (direction change)
• Close is below the BB midline (SMA)
Stop Loss : ATR(14) × multiplier from entry price
Take Profit: SL distance × Risk/Reward ratio
All signals trigger on confirmed bars only.
█ DEFAULT SETTINGS
SuperTrend
• ATR Length : 10
• Multiplier : 3.0
Bollinger Bands
• BB Length (SMA Filter) : 50
• BB Multiplier : 2.0
Risk Management
• Stop Loss ATR Multiplier : 1.5
• Risk/Reward Ratio : 1.5
█ ALERTS
Three alert conditions are available:
• STB BUY/SELL — triggers on either signal (saves one alert slot)
• STB BUY — long signal only
• STB SELL — short signal only
Alert messages include ticker and timeframe automatically.
█ NOTES
— This strategy is a fully original implementation.
No external scripts or third-party code were used.
— Backtested with commission 0.05%. Adjust in the Properties tab to match your broker.
— Performed well on XAUUSD (Gold) Daily and Weekly timeframes in backtests.
— Results vary by symbol and timeframe. Always verify on your target pair before live trading.
— For better accuracy, confirm trend direction on a higher timeframe before entering on your target timeframe.
SuperTrend BB Filter Strategy [STB] combines a standard SuperTrend with a Bollinger Bands SMA filter to reduce false signals in choppy markets.
The core idea is simple — use the BB midline (SMA) to confirm trend direction first, then take SuperTrend signals only in that direction.
█ HOW IT WORKS
SuperTrend generates BUY/SELL signals based on ATR-derived trend lines. On its own, it tends to get whipsawed in ranging conditions.
Bollinger Bands midline (SMA) acts as a trend filter:
• Price above BB midline → long signals only
• Price below BB midline → short signals only
This filters out a large portion of counter-trend noise.
█ ENTRY / EXIT CONDITIONS
Long Entry
• SuperTrend flips bullish (direction change)
• Close is above the BB midline (SMA)
Short Entry
• SuperTrend flips bearish (direction change)
• Close is below the BB midline (SMA)
Stop Loss : ATR(14) × multiplier from entry price
Take Profit: SL distance × Risk/Reward ratio
All signals trigger on confirmed bars only.
█ DEFAULT SETTINGS
SuperTrend
• ATR Length : 10
• Multiplier : 3.0
Bollinger Bands
• BB Length (SMA Filter) : 50
• BB Multiplier : 2.0
Risk Management
• Stop Loss ATR Multiplier : 1.5
• Risk/Reward Ratio : 1.5
█ ALERTS
Three alert conditions are available:
• STB BUY/SELL — triggers on either signal (saves one alert slot)
• STB BUY — long signal only
• STB SELL — short signal only
Alert messages include ticker and timeframe automatically.
█ NOTES
— This strategy is a fully original implementation.
No external scripts or third-party code were used.
— Backtested with commission 0.05%. Adjust in the Properties tab to match your broker.
— Performed well on XAUUSD (Gold) Daily and Weekly timeframes in backtests.
— Results vary by symbol and timeframe. Always verify on your target pair before live trading.
— For better accuracy, confirm trend direction on a higher timeframe before entering on your target timeframe.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
오픈 소스 스크립트
트레이딩뷰의 진정한 정신에 따라, 이 스크립트의 작성자는 이를 오픈소스로 공개하여 트레이더들이 기능을 검토하고 검증할 수 있도록 했습니다. 작성자에게 찬사를 보냅니다! 이 코드는 무료로 사용할 수 있지만, 코드를 재게시하는 경우 하우스 룰이 적용된다는 점을 기억하세요.
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.