Double Supertrend Strategy with Trend Entries and Configurable Exits

Summary

This strategy combines two Supertrend indicators calculated with different deviation factors to reduce noise. It opens long positions when both indicators align bullishly and short positions when both align bearishly, subject to one-signal state controls. It can also add to positions when price crosses back over the faster Supertrend in the direction of the active trend. The script includes switches for direction, entries, adds, alerts, date range, and indicator display.

Exit behavior is configurable: the strategy can use a reversal condition based on price relative to a recent range, an ATR-based target, or a target derived from the fast or slow Supertrend. These choices produce different exit mechanics, while the source does not provide comparative results or explain a preferred setting. Although the script includes strategy orders and alert logic, the document offers no backtest evidence, risk sizing analysis, or market-specific validation, so the rules remain a configurable framework rather than proof of effectiveness.

Key ideas

• Long and short entries require agreement between fast and slow Supertrend directions.
• The faster Supertrend can trigger additional entries in the direction of the current trend.
• Exit modes include reversal conditions, ATR-based targets, and targets derived from either Supertrend.
• Inputs control enabled directions, additions, alerts, display, and the trading date window.
• The document supplies no comparative performance or market-specific validation.

Tags

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