MarxBabu

SUPERTREND THREE LINE STRATEGY

FX_IDC:EURUSD   Euro / U.S. Dollar
This is slightly modified SuperTrend Script.

1.Buy when all three lines are Green and cover the position even one green become Red line
2.Sell when all the three line are red and cove the position even one become Green.

//@version=2
//Test
//
study("CandleST", shorttitle="Candle", overlay=false)
// --------------- Calculating HA Candle's values

plotcandle(open, high, low, close, title='candle', color=(open < close) ? green : red, wickcolor=gray)
// END

//The below is Super Trend Strategy
Factor1=input(1,type =float, minval=1,maxval = 100)
Factor2=input(2,type =float, minval=1,maxval = 100)
Factor3=input(3,type =float, minval=1,maxval = 100)
Pd1=input(10,minval=1,maxval = 100)
Pd2=input(10,minval=1,maxval = 100)
Pd3=input(10,minval=1,maxval = 100)
//ST 1
Up1=hl2-(Factor1*atr(Pd1))
Up2=hl2-(Factor2*atr(Pd2))
Up3=hl2-(Factor3*atr(Pd3))
Dn1=hl2+(Factor1*atr(Pd1))
Dn2=hl2+(Factor2*atr(Pd2))
Dn3=hl2+(Factor3*atr(Pd3))
//ST1
TrendUp1=close>TrendUp1? max(Up1,TrendUp1) : Up1
TrendUp2=close>TrendUp2? max(Up2,TrendUp2) : Up2
TrendUp3=close>TrendUp3? max(Up3,TrendUp3) : Up3

TrendDown1=close<TrendDown1? min(Dn1,TrendDown1) : Dn1
TrendDown2=close<TrendDown2? min(Dn2,TrendDown2) : Dn2
TrendDown3=close<TrendDown3? min(Dn3,TrendDown3) : Dn3

Trend1 = close > TrendDown1 ? 1: close< TrendUp1? -1: nz(Trend1,1)
Tsl1 = Trend1==1? TrendUp1: TrendDown1
Trend2 = close > TrendDown2 ? 1: close< TrendUp2? -1: nz(Trend2,1)
Tsl2 = Trend2==1? TrendUp2: TrendDown2
Trend3 = close > TrendDown3 ? 1: close< TrendUp3? -1: nz(Trend3,1)
Tsl3 = Trend3==1? TrendUp3: TrendDown3

linecolor1 = Trend1 == 1 ? yellow : red
linecolor2 = Trend2 == 1 ? green : red
linecolor3 = Trend3 == 1 ? #7FFF00 : red

plot(Tsl1, color = linecolor1 , style = line , linewidth = 2,title = "SuperTrend1")
plot(Tsl2, color = linecolor2 , style = line , linewidth = 2,title = "SuperTrend2")
plot(Tsl3, color = linecolor3 , style = line , linewidth = 2,title = "SuperTrend3")

plotshape(cross(close,Tsl1) and close>Tsl1 , "UpShape1", shape.flag,location.bottom,yellow,0,0)
plotshape(cross(Tsl1,close) and close<Tsl1 , "DownShape1", shape.triangledown , location.bottom, red,0,0)
//plot(Trend==1 and Trend==-1,color = linecolor, style = circles, linewidth = 3,title="Trend")

plotshape(cross(close,Tsl2) and close>Tsl2 , "UpShape2", shape.triangleup,location.bottom,green,0,0)
plotshape(cross(Tsl2,close) and close<Tsl2 , "DownShape2", shape.triangledown , location.bottom, red,0,0)
//plot(Trend==1 and Trend==-1,color = linecolor, style = circles, linewidth = 3,title="Trend")

plotshape(cross(close,Tsl3) and close>Tsl3 , "UpShape1", shape.triangleup,location.bottom,green,0,0)
plotshape(cross(Tsl3,close) and close<Tsl3 , "DownShape2", shape.triangledown , location.bottom, red,0,0)
//plot(Trend==1 and Trend==-1,color = linecolor, style = circles, linewidth = 3,title="Trend")

plotarrow(Trend1 == 1 and Trend1 == -1 ? Trend1 : na, title="UpSTArrow1", colorup=lime, maxheight=60, minheight=50, transp=0)
plotarrow(Trend1 == -1 and Trend1 == 1 ? Trend1 : na, title="DnSTArrow1", colordown=red, maxheight=60, minheight=50, transp=0)
//ST2
plotarrow(Trend2 == 1 and Trend2 == -1 ? Trend2 : na, title="UpSTArrow2", colorup=lime, maxheight=60, minheight=50, transp=0)
plotarrow(Trend2 == -1 and Trend2 == 1 ? Trend2 : na, title="DnSTArrow2", colordown=red, maxheight=60, minheight=50, transp=0)
//ST3
plotarrow(Trend3 == 1 and Trend3 == -1 ? Trend3 : na, title="UpSTArrow3", colorup=lime, maxheight=60, minheight=50, transp=0)
plotarrow(Trend3 == -1 and Trend3 == 1 ? Trend3 : na, title="DnSTArrow3", colordown=red, maxheight=60, minheight=50, transp=0)


//Alert code :
alertcondition(Trend1 == 1 and Trend1 == -1 ? Trend1 : na, title='Up Entry Arrow', message='Up Entry Arrow!')
alertcondition(Trend1 == -1 and Trend1 == 1 ? Trend1 : na, title='Down Entry Arrow', message='Down Entry Arrow!')

🌳LBLS,PM Indicator: bit.ly/2DJVXDn 💚

🦄telegram: 🟢 t.me/longbuylongsellindicator 🟢

✔️contact: www.t.me/wealthworldmajic

🎯web: www.wealthgeo.com

🟠twitter : twitter.com/marxcbabu 💲
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.