SuperTrend Strategy

The SuperTrend strategy is a well-established and commonly utilized approach to trading has been optimized for use with PineConnector, a software that links TradingView to MetaTrader brokers and prop firms.

This trend-following method can be employed across multiple markets, including forex, stocks, futures, cryptocurrencies, and other financial assets.

With PineConnector, you can fully automate the SuperTrend strategy, making it a suitable solution for both day and swing traders. This allows you to streamline your trading process, freeing up time, minimizing the risk of human error and eliminating emotion in your trading.

Implementation of the Strategy

1. Create a new script

At the bottom of your TradingView tab, click "Pine Editor" → “Open” → “Strategy”.

2. Attach the code

Remove the default code generated, and attach the following code:

//@version=5
strategy('Supertrend Strategy - PineConnector', overlay=true)

LicenseID = 601234567890 // 1. change to your PineConnector License ID (required) 

riskvalue = input.int(1, 'Risk Value') // 2. Change the risk value (optional) 
atrPeriod = input(10, 'ATR Length') // 3. Change the ATR length/period (optional)  
factor = input(3, 'Factor') // 4. Change the ATR factor/multiplier (optional)  

[supertrend, direction] = ta.supertrend(factor, atrPeriod)

bodyMiddle = plot((open + close) / 2, display=display.none)
upTrend = plot(direction < 0 ? supertrend : na, 'Up Trend', color=color.new(color.green, 0), style=plot.style_linebr)
downTrend = plot(direction < 0 ? na : supertrend, 'Down Trend', color=color.new(color.red, 0), style=plot.style_linebr)

fill(bodyMiddle, upTrend, color.new(color.green, 90), fillgaps=false)
fill(bodyMiddle, downTrend, color.new(color.red, 90), fillgaps=false)

if ta.change(direction) < 0
    strategy.entry('Long', strategy.long)
    alert(str.tostring(LicenseID)+',buy,' + syminfo.ticker + ',risk=' + str.tostring(riskvalue), alert.freq_once_per_bar_close)

if ta.change(direction) > 0
    strategy.entry('Short', strategy.short)
    alert(str.tostring(LicenseID)+',sell,' + syminfo.ticker + ',risk=' + str.tostring(riskvalue), alert.freq_once_per_bar_close)

plotshape(ta.change(direction) < 0, style=shape.labelup, location=location.belowbar, color=color.new(#046ff9, 0), size=size.large, text='PineConnector \n Buy', textcolor=color.new(color.white, 0))
plotshape(ta.change(direction) > 0, style=shape.labeldown, location=location.abovebar, color=color.new(#046ff9, 0), size=size.large, text='PineConnector \n Sell', textcolor=color.new(color.white, 0))

3. Save the code and Add Strategy to the Chart

After attaching and amending the above code, click “Save” then “Add to chart” to apply the strategy to your current chart. You should be able to see the SuperTrend entries indicated on the chart:

4. Create alerts

On your desired instrument and timeframe create the alerts.

To create an alert, press Alt+A (Windows) or Option+A (Mac), and configure your alert as follows:

After proper alert configuration, click “Create”. An active alert will appear under your “Alerts” tab.

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With this script, you will only need 1 alert to trigger both buy and sell entries for the current instrument and timeframe — in this example, the EURUSD 1 second chart.

5. Confirm triggered alerts

When entry conditions are met, an alert will fire. You will see an entry in your TradingView’s Alerts Log indicating the time, alert message, instrument and timeframe it fired based on.

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Sky’s not the limit — 15 is While you send in multiple alerts at the same time, note that you can only send a maximum of 15 triggers in 3 minutes for a single alert. Having more than 15 alerts in that period will result in your alerts being paused automatically.

After a alert fires, you should see a corresponding trade entry as per the alert message.

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Monitoring for Success For optimal results, it's recommended to regularly monitor the "Experts" tab to gain insights into how the EA processes your alert messages, especially when testing new syntax or adjusting EA settings.

6. Tailor your alerts (optional)

Consider adding a stop-loss, a comment with the position, or even a spread filter.

On this page

• SuperTrend Strategy
• Implementation of the Strategy
• 1. Create a new script
• 2. Attach the code
• 3. Save the code and Add Strategy to the Chart
• 4. Create alerts
• 5. Confirm triggered alerts
• 6. Tailor your alerts (optional)