Dual Vegas SuperTrend Entries with Staged Take Profits

Summary

This Pine strategy combines two Vegas channel and SuperTrend configurations to generate entries, with user controls for long, short, or both directions. It also exposes a holding-period limit and configurable take-profit and stop-loss behavior. The visible settings define two ATR-based SuperTrend systems with different ATR periods, channel windows, multipliers, and volatility adjustments, though the supplied text cuts off before showing their calculations and entry rules.

Exit management is more fully outlined: users can choose percentage-based or ATR-based profit levels, set the portion of a position assigned to each target, and apply a short-side profit multiplier. The strategy header specifies percentage-of-equity sizing, commission, slippage, and starting capital, so its reported backtest behavior would depend on those assumptions and the selected parameters. The excerpt provides no performance results, market, timeframe, or complete source, so it is insufficient to assess signal logic or robustness.

Key ideas

• The script exposes two Vegas SuperTrend configurations with separate volatility and channel parameters.
• Users can choose long, short, or two-way trading and set a maximum holding period.
• Exit settings include stop loss and staged percentage or ATR-based take-profit levels.
• Position sizing, commission, slippage, and starting capital are defined as backtest assumptions.
• The excerpt omits the strategy's calculations, entry rules, and performance evidence.

Tags

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