SuperTrend Strategy [Long/Short] by Shiroi-
By Shiroi-
Performance Metrics
- Author: Shiroi-
- Symbol: TVC:GOLD
- Timeframe: 5 minutes
- Win Rate: 27.0%
- Profit Factor: 0.555
Description
SuperTrend Strategy [Long/Short]A clean SuperTrend-based strategy with dynamic stop-loss, built on Pine Script v6.Automatically flips between Long and Short on trend reversals, with SuperTrend acting as both entry trigger and trailing stop.━━━━━━━━━━━━━━━━━━━━━━━🔹 HOW IT WORKS━━━━━━━━━━━━━━━━━━━━━━━SuperTrend is calculated using ATR (Average True Range) and a multiplier factor.When the trend direction flips, the strategy closes the current position and opens the opposite — a full reversal (flip) system.- Bullish flip → Closes Short, opens Long- Bearish flip → Closes Long, opens Short━━━━━━━━━━━━━━━━━━━━━━━🔹 STOP-LOSS LOGIC━━━━━━━━━━━━━━━━━━━━━━━The SuperTrend line acts as a dynamic stop-loss level.- Long position → SL applied when SuperTrend is below current price- Short position → SL applied when SuperTrend is above current priceThis keeps the stop adaptive to market volatility rather than fixed.━━━━━━━━━━━━━━━━━━━━━━━🔹 FEATURES━━━━━━━━━━━━━━━━━━━━━━━- Enable / Disable strategy execution independently → When disabled, the SuperTrend line and signals still display on the chart.- Lot Size input → Set a fixed quantity per entry.- Commission & Slippage → Defaults: 0.05% commission, 3 ticks slippage. → Edit directly in the script, or override via Strategy Properties tab.- Visual BUY / SELL labels plotted directly on the chart.━━━━━━━━━━━━━━━━━━━━━━━🔹 ALERT CONDITIONS (2 total)━━━━━━━━━━━━━━━━━━━━━━━- 🟢 Buy Alert — Bullish flip detected- 🔴 Sell Alert — Bearish flip detectedAlerts include ticker and timeframe in the message: {{ticker}}, {{interval}}━━━━━━━━━━━━━━━━━━━━━━━🔹 SETTINGS━━━━━━━━━━━━━━━━━━━━━━━- ATR Length : 10 (default)- Factor : 3.0 (default)- Lot Size : 1.0 (default)Increase the Factor to reduce signal frequency and filter noise.Decrease it for more responsive signals on shorter timeframes.━━━━━━━━━━━━━━━━━━━━━━━⚠️ DISCLAIMER━━━━━━━━━━━━━━━━━━━━━━━This script is for educational and backtesting purposes only.Past performance does not guarantee future results.Always apply proper risk management before using any strategy in live markets.