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
Open-source script

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.

Want to use this script on a chart?
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Comments

What it means close entry(s) order Long if I take short position
+9 Reply
jciit1985 jciit1985
@jciit1985, means last Long order exit???
+4 Reply
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 Reply
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.
+4 Reply
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 Reply
It would be nice if there was an alarm system :)
+2 Reply
Daveatt yuceltoluyag
@yuceltoluyag, Done :)
I've just added them
Reply
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