Bar-Close Confirmed Supertrend — Strategy by AIScripts
By AIScripts
Performance Metrics
- Author: AIScripts
- Symbol: NASDAQ:MSFT
- Timeframe: 1 minute
- Net P&L: +11.14 USD (+0.00%)
- Win Rate: 40.0%
- Profit Factor: 1.059
- Max Drawdown: 28.94 USD (0.00%)
- Total Trades: 655
Description
OverviewThis indicator is a Supertrend-style trend follower that confirms direction changes only after a bar closes. Trend flips are determined using the previous bar’s close relative to the bands, which helps avoid intrabar changes during live candles.How it worksComputes ATR (Average True Range)Builds upper/lower bands using ATR and a multiplierUpdates trend direction only when a prior candle confirms a break of the bandConfirmation logic (bar-close based)Trend direction is updated using conditions based on the previous candle, such as:close[1] > upper[1] → confirm uptrendclose[1] < lower[1] → confirm downtrendBecause signals are confirmed on the prior bar, trend changes and markers are displayed only when confirmation exists.SignalsUptrend confirmation: prior candle closes above the upper band → bullish markerDowntrend confirmation: prior candle closes below the lower band → bearish markerInputsATR Length (default 10)ATR Multiplier (default 3.0)NotesThis script is intended for bar-close workflows. Behavior and responsiveness may differ across markets and timeframes depending on volatility and chosen settings.