OPEN-SOURCE SCRIPT

Supertrend + RSI Strategy [Alose]

This strategy combines the best of both indicators (Supertrend & RSI).

As we know, Supertrend is excellent at finding changes in the market trend and thus finding the best entries, however in my opinion it has a great weakness and it is that it does not know how to find the best exit point.

For this reason I decided to combine it with the RSI that we know usually knows the highest and lowest rebound points of the price, thus managing to find the best exit point for the strategy.

The best thing about combining these 2 indicators is that our trades will obtain better profits in less time.


LONG ENTRY
  • When SuperTrend changes its direction and it is less than 0.


LONG EXIT
There are two ways to close the trade:
  • When RSI is overbought, you can choose the "Overbought Level " inside the strategy settings (Default: 72).
  • When SuperTrend changes its direction and it is grater than 0.



SHORT ENTRY (You can enable short entries in strategy settings)
  • When SuperTrend changes its direction and it is grater than 0.


LONG EXIT
There are two ways to close the trade:
  • When RSI is oversold, you can choose the "Oversold Level " inside the strategy settings (Default: 28).
  • When SuperTrend changes its direction and it is less than 0.




Detrended Price Oscillator (DPO)Relative Strength Index (RSI)rsioverboughtrsioversoldsupertrend

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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