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Hello traders
Today I present you a Supertrend not based on candle close but based on a CCI ( Commodity Channel Index )
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR * Factor
This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level.
Hope you'll enjoy it and it will improve your trading making you a better trader
Dave
Today I present you a Supertrend not based on candle close but based on a CCI ( Commodity Channel Index )
How does it work?
Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line
When the event is triggered, the script will plot the Supertrend as follow
UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR * Factor
This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level.
Hope you'll enjoy it and it will improve your trading making you a better trader
Dave
💰 Results/Blogs: https://bit.ly/2ULUtjo
⏩ Signals/Pricing: https://best-trading-indicator.com/pages/pricing
🐦 Twitter: https://twitter.com/bti_trading
👉 Get a $30 discount on TradingView: https://bit.ly/2UM5OA0
📺 Youtube: https://bit.ly/3bKvnZu
⏩ Signals/Pricing: https://best-trading-indicator.com/pages/pricing
🐦 Twitter: https://twitter.com/bti_trading
👉 Get a $30 discount on TradingView: https://bit.ly/2UM5OA0
📺 Youtube: https://bit.ly/3bKvnZu
Commenti
Thanks for the script! Looks interesting.
Could you provide us with the criteria to write down a strategy ?
Thanks!
Thanks for sharing and great thanks for your effort.
I am new to trading, can you please share about Stop-loss and Profit booking point also.
This looks great, Thank you for your effort and sharing. I am trying to convert into a strategy to see the back testing results and am new to pine scripting. Can you help me to convert this into a strategy pls ?
Error: Script could not be translated from: TrendUp := cci >
Thank you for your time.
I'll see if I can publish it later this week