OPEN-SOURCE SCRIPT
Supertrend (Close Longs Only)
Strategy Description: Supertrend (Close Longs Only)
This strategy uses the Supertrend indicator to manage long positions in the market. The Supertrend is calculated based on the Average True Range (ATR) and a user-defined multiplier (factor) to determine trend direction.
Purpose: The strategy focuses solely on exiting long trades when the trend changes to a downtrend, without taking any short positions.
How It Works:
Uptrend Detection: When the Supertrend is green, it indicates an uptrend suitable for long trades.
Downtrend Detection: When the Supertrend switches to red, it signals the end of the uptrend. At this point, an alert is triggered to close long positions.
Key Features:
Highly configurable with adjustable ATR length and multiplier for sensitivity.
Alerts are designed to notify the user when to exit long positions, ensuring timely actions.
This strategy is ideal for traders who prefer a conservative approach, focusing on managing long entries without engaging in short trades.
This strategy uses the Supertrend indicator to manage long positions in the market. The Supertrend is calculated based on the Average True Range (ATR) and a user-defined multiplier (factor) to determine trend direction.
Purpose: The strategy focuses solely on exiting long trades when the trend changes to a downtrend, without taking any short positions.
How It Works:
Uptrend Detection: When the Supertrend is green, it indicates an uptrend suitable for long trades.
Downtrend Detection: When the Supertrend switches to red, it signals the end of the uptrend. At this point, an alert is triggered to close long positions.
Key Features:
Highly configurable with adjustable ATR length and multiplier for sensitivity.
Alerts are designed to notify the user when to exit long positions, ensuring timely actions.
This strategy is ideal for traders who prefer a conservative approach, focusing on managing long entries without engaging in short trades.
Script open-source
In pieno spirito TradingView, l'autore di questo script lo ha pubblicato open-source, in modo che i trader possano comprenderlo e verificarlo. Un saluto all'autore! È possibile utilizzarlo gratuitamente, ma il riutilizzo di questo codice in una pubblicazione è regolato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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