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    raydipanjan
    This document describes a SuperTrend trading strategy that uses two timeframes. It defines SuperTrend calculations for a main and shorter timeframe. Signals are generated when the shorter timeframe crosses into a new direction and validates the main timeframe's direction. Positions are taken long when the shorter timeframe turns up and validates the main timeframe's up trend. Positions are taken short when the shorter timeframe turns down and validates the main timeframe's down trend.

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    TTK Code

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    raydipanjan
    186 views1 page
    This document describes a SuperTrend trading strategy that uses two timeframes. It defines SuperTrend calculations for a main and shorter timeframe. Signals are generated when the shorter timeframe crosses into a new direction and validates the main timeframe's direction. Positions are taken long when the shorter timeframe turns up and validates the main timeframe's up trend. Positions are taken short when the shorter timeframe turns down and validates the main timeframe's down trend.

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    This document describes a SuperTrend trading strategy that uses two timeframes. It defines SuperTrend calculations for a main and shorter timeframe. Signals are generated when the shorter timeframe crosses into a new direction and validates the main timeframe's direction. Positions are taken long when the shorter timeframe turns up and validates the main timeframe's up trend. Positions are taken short when the shorter timeframe turns down and validates the main timeframe's down trend.

    Copyright:

    © All Rights Reserved
    Download as TXT, PDF, TXT or read online from Scribd
    Download as txt, pdf, or txt
    186 views1 page

    TTK Code

    Uploaded by

    raydipanjan
    This document describes a SuperTrend trading strategy that uses two timeframes. It defines SuperTrend calculations for a main and shorter timeframe. Signals are generated when the shorter timeframe crosses into a new direction and validates the main timeframe's direction. Positions are taken long when the shorter timeframe turns up and validates the main timeframe's up trend. Positions are taken short when the shorter timeframe turns down and validates the main timeframe's down trend.

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    © All Rights Reserved
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    //@version=2

    //supertrend strategy multitimeframe analysis...

    strategy("TTK TOOL", overlay=true, default_qty_value=100)


    res = input(title="Main SuperTrend Time Frame", type=resolution, defval="720")
    Factor=input(2, minval=1,maxval = 100)
    Pd=input(10, minval=1,maxval = 100)

    tp = input(500,title="Take Profit")
    sl = input(400,title="Stop Loss")

    Up=hl2-(Factor*atr(Pd))
    Dn=hl2+(Factor*atr(Pd))
    MUp=security(tickerid,res,hl2-(Factor*atr(Pd)))
    MDn=security(tickerid,res,hl2+(Factor*atr(Pd)))

    Mclose=security(tickerid,res,close)

    TrendUp=close[1]>TrendUp[1]? max(Up,TrendUp[1]) : Up
    TrendDown=close[1]<TrendDown[1]? min(Dn,TrendDown[1]) : Dn

    MTrendUp=Mclose[1]>MTrendUp[1]? max(MUp,MTrendUp[1]) : MUp


    MTrendDown=Mclose[1]<MTrendDown[1]? min(MDn,MTrendDown[1]) : MDn

    Trend = close > TrendDown[1] ? 1: close< TrendUp[1]? -1: nz(Trend[1],1)


    Tsl = Trend==1? TrendUp: TrendDown

    MTrend = Mclose > MTrendDown[1] ? 1: Mclose< MTrendUp[1]? -1: nz(MTrend[1],1)


    MTsl = MTrend==1? MTrendUp: MTrendDown

    linecolor = Trend == 1 ? green: red


    plot(Tsl, color = linecolor , style = line , linewidth = 4,title = "SuperTrend")

    Mlinecolor = MTrend == 1 ? black : red


    plot(MTsl, color = Mlinecolor , style = line , linewidth = 4,title = "Main
    SuperTrend")

    plotshape(cross(close,Tsl) and close>Tsl , "Up Arrow",


    shape.triangleup,location.belowbar,black,0,0)
    plotshape(cross(Tsl,close) and close<Tsl , "Down Arrow", shape.triangledown ,
    location.abovebar, black,0,0)
    up = Trend == 1 and Trend[1] == -1 and MTrend == 1
    down = Trend == -1 and Trend[1] == 1 and MTrend == -1

    golong = Trend == 1 and Trend[1] == -1 and MTrend == 1


    goshort = Trend == -1 and Trend[1] == 1 and MTrend == -1

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