Daveatt

Best Supertrend CCI Strategy

Hello traders

Someone requested the strategy version of the Supertrend CCI indicator

It's a Supertrend not based on candle close but based on a CCI ( Commodity Channel Index )

How does it work?

Bull event: CCI crossing over the 0 line
Bear event: CCI crossing below the 0 line

When the event is triggered, the script will plot the Supertrend as follow

UP Trend = High + ATR * Factor
DOWN Trend = Low - ATR * Factor

This is an alternative of the classical Supertrend based on candle close being above/beyond the previous Supertrend level.

Hope you'll enjoy it and it will improve your trading making you a better trader

Dave
Release Notes: Added the alerts
Skript med en öppen källkod

I sann TradingView-anda har författaren till detta skript publicerat det som öppen källkod, så att handlare kan förstå och verifiera det. Skål för författaren! Du kan använda den gratis men återanvändning av den här koden i en publikation regleras av våra Ordningsregler. Du kan göra den till favorit för att använda den i ett diagram.

Vill du använda det här skriptet i ett diagram?
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Kommentarer

What it means close entry(s) order Long if I take short position
+13 Svara
jciit1985 jciit1985
@jciit1985, means last Long order exit???
+4 Svara
Daveatt jciit1985
@jciit1985, correct
means the opened short is closed, and a trade in the opposite direction is opened
that's how the Tradingview strategy engine signals those events.
+2 Svara
Nice one mate. using threshold may protect from whipsaws (23 october) and may increase the performance. for example CCI level +-30 as threshold. I think worth to try.
+5 Svara
Hello daveatt I’m a big fan. I have a request I believe you can make possible.
Can you please make a mtf linear regression line?
I’ll appreciate 🙏
+3 Svara
It would be nice if there was an alarm system :)
+2 Svara
Daveatt yuceltoluyag
@yuceltoluyag, Done :)
I've just added them
Svara