Crypto Supertrend Reversals Filtered by Bollinger Band Width

Summary

This crypto strategy uses Supertrend direction changes to trigger long and short entries, with Bollinger Band width as a filter. It compares current band width with its moving average and permits new entries only when width is above that average, treating wider bands as evidence of a trending market. Positions close when Supertrend changes direction. The script also sends alerts and displays Supertrend direction for several timeframes in a dashboard.

The displayed multi-timeframe readings are informational; the entry conditions use the chart’s Supertrend direction rather than requiring agreement across those timeframes. The document provides Pine Script but no performance results, costs, or risk-adjusted evaluation. Its promotional description claims to target high-volatility crypto markets, but does not substantiate that claim. The strategy uses the full account equity as its default order size, so sizing and exposure deserve scrutiny before practical use.

Key ideas

• Entries follow chart-timeframe Supertrend flips when Bollinger Band width is above its moving average.
• A Supertrend reversal closes the corresponding long or short position.
• The higher-timeframe Supertrend readings appear in a dashboard but do not gate trade signals.
• The script sets default order size to 100% of equity and gives no performance evidence.

Tags

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