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
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Comments

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.
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