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Daveatt
Jan 13, 2020 12:28 PM

BEST Supertrend CCI 

FX:EURUSD240
Euro Fx/U.S. DollarFXCM

Description

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Hello traders

Today I present you 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
OscillatorsCommodity Channel Index (CCI)Trend AnalysissupertrendForexcryptoStocksATRdaveattBESTautoview
Comments
Udayya123
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Time fream
Ashu99999
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@Udayya123,
momb35
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Hello @Daveatt
Thanks for the script! Looks interesting.
Could you provide us with the criteria to write down a strategy ?
Thanks!
Nageshkumar
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Hi Dave,
Thanks for sharing and great thanks for your effort.
I am new to trading, can you please share about Stop-loss and Profit booking point also.
Bojjesem
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HI Dave,

This looks great, Thank you for your effort and sharing. I am trying to convert into a strategy to see the back testing results and am new to pine scripting. Can you help me to convert this into a strategy pls ?

Error: Script could not be translated from: TrendUp := cci[1] >

Thank you for your time.
Daveatt
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@Bojjesem, converting to strategy would require some coding
I'll see if I can publish it later this week
pw97787
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Awesome indicator. It really accurate with Heikin Ashi.
sdkujn
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@pw97787, what kind of time frames you using? I use Heiken ashi too on futures. What settings you using on the indicator? Thanks.
FNOSURE
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Looks good sir...can you please convert into strategy
sujatacomm
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not diplay
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