Four Bullish Bars with SuperTrend Confirmation for Long Entries

Summary

This strategy takes long positions after four consecutive candles close above their opens, provided the latest close is above the SuperTrend line and the strategy has no open position. It requires the signal bar to be confirmed, which avoids acting on a still-forming candle. The SuperTrend is calculated from an adjustable ATR period and factor; the included defaults are 14 and 1.0.

An open trade closes when the price closes below SuperTrend. The script plots the indicator and colors the chart background while a long position is active, and it includes entry and exit alert messages. The document supplies rules and source code but no strategy-report results, market selection, or evidence of profitability. It describes only long entries and does not specify position sizing or a separate fixed stop or target, so results would depend on the asset, timeframe, costs, and chosen settings.

Key ideas

• A long setup requires four consecutive bullish candles and a close above SuperTrend.
• The strategy enters only when flat and the signal bar has closed.
• It closes a long position after a close below SuperTrend.
• ATR period and factor are adjustable, while the documented defaults are 14 and 1.0.
• No performance evidence, asset-specific guidance, or position-sizing rules are provided.

Tags

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