jhanson107

Supertrend Cloud

1. Buy above SuperTrend cloud.
2. Sell below SuperTrend cloud.
Release Notes: -Simplified inputs SuperTrend 2 - Period = SuperTrend 1 Period Multiplier = SuperTrend 1 Multiplier * 2
-Added RSI Oversold Buy
-Added optional bar color
Release Notes: -Added short entries.
-Removed oversold RSI longs.
Release Notes: -RSI Oversold buy re-added.
-Fixed Long alert for RSI Oversold Buy.
Release Notes: -Default settings changed.
Release Notes: Fixed barcolor
Release Notes: -Cleaned up code
-Added inputs for both SuperTrend clouds to make it more adjustable.
-Added SL line (center of cloud).
-Added option to only exit after fully crossing cloud.


To come up with optimal settings use the strategy.A good starting point is 5m charts use 10,6,6,10 (Multiplier 1, Period 1, Multiplier 2, Period 2) or 4h Chart 3,10,6,10 (Multiplier 1, Period 1, Multiplier 2, Period 2)
Release Notes: -Fixed a case where cloud entry (No Trade Zone) wasn't always triggered.
Release Notes: 1. Added Optional Stop Loss
2. Added Optional Take Profit
3. Added Optional Look Back Days
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Comments

Great work!
Reply
This works great! Thank you for posting the pine script. It helps a noob like me understand the power of pine!
Reply
@zpeach, No problem man! I am fairly new to pine as well but you will quickly become accustomed to it after writing a few scripts and it's a handy language to learn :)
+1 Reply
Looks Great nice addition to have in the arsenal
Reply
jhanson107 cjohnson28
@cjohnson28, thank you!
Reply
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