Four Bullish Bars with SuperTrend Confirmation for Long Entries

Summary

This strategy looks for a short-term bullish run, entering long after four consecutive candles close above their opens, provided the current close is above the SuperTrend line. It only enters when no position is open and the signal bar is confirmed. The SuperTrend uses adjustable ATR period and factor inputs; the documented defaults are 14 and 1.00. The position closes when price closes below the line. The script also plots the line and marks active trades with a shaded chart background, and it defines entry and exit alerts.

The document explains the rules and shows their implementation, but gives no backtest results or performance evidence. It describes the approach as trend following, yet does not specify an instrument or timeframe. It provides no explicit position sizing or stop-loss rule beyond the SuperTrend exit, so users would need to evaluate costs, risk controls, and behavior across markets before relying on it.

Key ideas

• A long entry requires four consecutive bullish candles and a close above SuperTrend.
• The strategy waits for a confirmed bar and an empty position before entering.
• A close below SuperTrend triggers the long exit.
• The ATR period and factor control the SuperTrend calculation.
• The document provides rules and code 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.