Supertrend + RSI Positional Strategy by subrajitmishra
By subrajitmishra
Performance Metrics
- Author: subrajitmishra
- Symbol: NSE:NIFTYJR
- Timeframe: 1 hour
- Net P&L: +91,088.75 INR (+91.13%)
- Win Rate: 52.9%
- Profit Factor: 2.679
- Max Drawdown: 3,565.25 INR (2.12%)
- Total Trades: 331
Description
OVERVIEWThis is a long-only, rule-based positional trading strategy designed for stocks, ETFs, and indices, with a primary focus on higher timeframes (1H and above).The strategy combines:Trend direction via SupertrendMomentum confirmation via RSIAn optional ADX filter to ensure sufficient trend strengthThe logic is intentionally kept simple, transparent, and non-repainting, making it suitable for both learning and practical positional analysis.Core IdeaThe strategy aims to participate only in sustained directional moves, avoiding choppy or low-momentum conditions.Trades are taken only when trend and momentum align, and exits are handled using clearly defined, user-selectable rules. There is no prediction involved — only confirmation.Entry Logic (Long Only)A long position is considered when all of the following conditions are met:Supertrend is bullishRSI is above the bullish threshold (default: 50)(Optional) ADX is above the ADX threshold (default: 20)The ADX filter is optional and can be enabled or disabled by the user.When enabled, it is used only for entry filtering and plays no role in exits.Exit Logic (User Selectable)Exit behavior can be adapted to different trading styles using the following options:Supertrend OR RSIExit when either trend reverses or momentum weakensSupertrend ONLYExit strictly on trend reversalRSI ONLYExit when momentum drops below the thresholdSupertrend AND RSIExit only when both conditions are metThis flexibility allows users to choose between faster exits or more trend-following behavior.Trade ManagementLong-only strategyOne position at a timeNo pyramidingNo intrabar execution logicManual trade-state handling ensures consistent behavior across:StocksETFsIndices (including cash indices)The strategy logic is evaluated on confirmed bar closes only, ensuring non-repainting behavior.Visual FeaturesBUY / EXIT labels plotted only on the first confirmation candleIndependent customization for BUY and EXIT label position, color, and offsetOptional background highlighting while a trade is activeRSI and ADX are not plotted, keeping the chart clean and unclutteredRecommended UsageTimeframes: 1H, 2H, 4H, DailyMarkets: Stocks, ETFs, IndicesStyle: Positional / Swing tradingThis strategy is not intended for scalping or very low timeframes.Open & TransparentThis script is published in open-source form to encourage learning and experimentation. Users are free to study the logic, adjust parameters, and understand how a simple trend-plus-momentum positional approach is constructed.IMPORTANT NOTESThis is a rule-based analytical tool, not a signal serviceNo performance claims or guarantees are madeResults will vary depending on market conditions and parameter choicesUsers are encouraged to understand the logic before applying it to live markets