A Super Trend is a trend over a long period of time. There are lots of existing scripts that generate signals based on the overall direction of an instrument. What if we combined this idea with a measure of and added a filter to try to avoid choppy sideways action?
I started with a super trend foundation and added an calculation to account for flowing into and out of the asset. Then added a function to stay out of trades when there is not much up/down movement.
- Bright green background = go long
- Bright red background = go short
A white background means we don't trade
A green background means we have a long condition
A red background means we have a short condition
The cloud is green when we have a long condition, red when we have a short condition.
The cloud is yellow if we should be in a long already but the current candle is not satisfying all long conditions.
The cloud is orange if we should be in a short already but the current candle is not satisfying all short conditions.
The line at the bottom is - this is green when the current candle is greater than the last, red when it is less than the last.
A long condition is when > MFI AND we are not in a choppy market AND when price is above the super trend.
A short condition is when < MFI AND we are not in a choppy market AND when price is below the super trend.
We use a fixed Stop Loss of 2% here on the for XBT/USD.
If we get stopped out from a long and we still have the conditions for a long, we re-enter. Same for short.
Ganz im Sinne von TradingView hat der Autor dieses Skripts es als Open-Source veröffentlicht, damit Trader es verstehen und überprüfen können. Ein Hoch auf den Autor! Sie können es kostenlos verwenden, aber die Wiederverwendung dieses Codes in einer Publikation unterliegt den Hausregeln. Sie können das Skript den Favoriten hinzufügen, um es auf dem Chart zu verwenden.