ATR SuperTrend Direction Flips for Long and Short Entries

Summary

This strategy uses the SuperTrend indicator, based on an ATR length of 10 and a multiplier of 3, to define bullish and bearish states. It generates a buy signal on the bar where direction flips bullish and a sell signal on the bar where it flips bearish. Each signal submits a fixed-quantity entry, with pyramiding disabled; an opposite signal can reverse the position. The script also plots the trend line, colors bars by direction, and can display entry labels. Its order settings specify one contract, initial capital of 100,000 USD, and commission of 0.05 percent.

An alert condition is provided for either signal, formatted for a Delta Exchange webhook. The document contains source code but no backtest period, instrument-specific results, or evidence that the strategy is profitable. It also does not describe separate stop-loss or take-profit rules, so position exits rely on opposing signals. ATR and multiplier settings, contract sizing, execution assumptions, and alert handling would all affect practical results and require independent evaluation.

Key ideas

• The strategy enters long or short when the ATR-based SuperTrend direction flips.
• The stated defaults use an ATR length of 10 and a multiplier of 3.
• Orders use a fixed quantity of one contract, with pyramiding disabled.
• Opposite direction flips can reverse the position; separate stop-loss and take-profit rules are not described.
• The source includes chart labels and a combined alert condition, but no performance evidence.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.