-Simplified inputs SuperTrend 2 - Period = SuperTrend 1 Period Multiplier = SuperTrend 1 Multiplier * 2 -Added RSI Oversold Buy -Added optional bar color
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-Added short entries. -Removed oversold RSI longs.
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-RSI Oversold buy re-added. -Fixed Long alert for RSI Oversold Buy.
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-Default settings changed.
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Fixed barcolor
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-Cleaned up code -Added inputs for both SuperTrend clouds to make it more adjustable. -Added SL line (center of cloud). -Added option to only exit after fully crossing cloud.
To come up with optimal settings use the strategy.A good starting point is 5m charts use 10,6,6,10 (Multiplier 1, Period 1, Multiplier 2, Period 2) or 4h Chart 3,10,6,10 (Multiplier 1, Period 1, Multiplier 2, Period 2)
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-Fixed a case where cloud entry (No Trade Zone) wasn't always triggered.
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1. Added Optional Stop Loss 2. Added Optional Take Profit 3. Added Optional Look Back Days
This works great! Thank you for posting the pine script. It helps a noob like me understand the power of pine!
jhanson107
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@zpeach, No problem man! I am fairly new to pine as well but you will quickly become accustomed to it after writing a few scripts and it's a handy language to learn :)