OPEN-SOURCE SCRIPT
Updated MA Candles Supertrend Strategy
Simple strategy which is derived by below method:
1. Calculate moving average of High, Low, Open and Close and make candles of them.
2. Derive supertrend on the moving average candles.
3. Generate buy and sell signals based on supertrend direction combined with higher timeframe high-low condition
1. Calculate moving average of High, Low, Open and Close and make candles of them.
2. Derive supertrend on the moving average candles.
3. Generate buy and sell signals based on supertrend direction combined with higher timeframe high-low condition
Release Notes
- Corrected inDateRange condition.
- Refined entry and exit to avoid premature trade in tight conditions
Release Notes
Convert to pine 5Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Trial - trendoscope.io/trial
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Subscribe - trendoscope.io/pricing
Blog - docs.trendoscope.io
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.