Advanced Supertrend Strategy by taurus79
By taurus79
Performance Metrics
- Author: taurus79
- Symbol: BINANCE:BTCUSDT
- Timeframe: 1 hour
- Net P&L: +6,561.37 USDT (+66.19%)
- Win Rate: 31.5%
- Profit Factor: 1.282
- Max Drawdown: 6,964.41 USDT (37.21%)
- Total Trades: 89
- Sharpe Ratio: 0.242
Description
A comprehensive Pine Script v5 strategy featuring an enhanced Supertrend indicator with multiple technical filters, risk management, and advanced signal confirmation for automated trading on TradingView.## Features- **Enhanced Supertrend**: Configurable ATR-based trend following with improved accuracy- **RSI Filter**: Optional RSI-based signal filtering to avoid overbought/oversold conditions- **Moving Average Filter**: Trend confirmation using SMA/EMA/WMA with customizable periods- **Risk Management**: Built-in stop-loss and take-profit based on ATR multiples- **Trend Strength Analysis**: Filters weak signals by requiring minimum trend duration- **Breakout Confirmation**: Optional price breakout validation for stronger signals- **Visual Interface**: Comprehensive chart plotting with multiple indicator overlays- **Advanced Alerts**: Multiple alert conditions with detailed signal information- **Backtesting**: Full strategy backtesting with commission and realistic execution