Only take long positions when price is above 200 ema (white line) and supertrend is green, and only take short positions when price is below 200 ema (white line) and when supertrend is red.
A good place to enter or re enter is when the price touches the 21 ema (pink) or 50 ema (green), depending on how bullish or bearish you are. You can also use supertrend as a stop loss. Simple strategy that has an ok win rate.
Please be careful and always make up your mind after looking at the market as a whole and check for trend directions on longer time frames before making any trades.
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In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.