OPEN-SOURCE SCRIPT
Aggiornato Super Trend Daily BF 🚀
Super Trend is based on volatility and attempts to show the overall greater trend of a market. Thanks to everget for the idea of improving the Super Trend code. Thanks to kiasaki for ROC code.
The idea here is to enter a trade upon trend reversal (unless we have a white background - this indicates choppy/sideways market).
INSTRUCTIONS
Follow the background color for signals of a trend reversal.
We use a fixed stop loss here of 6% but I have included the option to apply an ATR based stop loss in Settings. No take profit. No re-entering until we get an opposing signal.
I use a Rate of Change function to detect when we should stay out due to choppy sideways price action.
This strategy was optimised for XBT/USD on Bitmex 1 day chart, ideal settings for other pairs will differ.
The idea here is to enter a trade upon trend reversal (unless we have a white background - this indicates choppy/sideways market).
INSTRUCTIONS
Follow the background color for signals of a trend reversal.
- Bright green = long
- Bright red = short
- White = no trade
We use a fixed stop loss here of 6% but I have included the option to apply an ATR based stop loss in Settings. No take profit. No re-entering until we get an opposing signal.
I use a Rate of Change function to detect when we should stay out due to choppy sideways price action.
This strategy was optimised for XBT/USD on Bitmex 1 day chart, ideal settings for other pairs will differ.
Note di rilascio
Added a switch for Longs and Shorts in settings. If you want only longs, turn off shorts. Vice versa.
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 testarlo. Complimenti all'autore! Puoi usarlo gratuitamente, ma il riutilizzo di questo codice nelle pubblicazioni è disciplinato dal nostro Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.
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