Heikin-Ashi Supertrend Strategy with ADX and Structure Filters

Summary

This Pine strategy combines Heikin-Ashi calculations with a Supertrend direction signal and an ADX threshold. Its configurable inputs also define candle-pattern checks, a risk/reward ratio, volume confirmation, a trading session and timezone, and a choice of market-structure filters: linear regression, ATR, Donchian, or swing highs and lows.

The script excerpt shows the setup and indicator calculations but ends before the full entry, exit, and position-management rules. It therefore supports describing the intended components, but not how the filters are combined or what trades they produce. The displayed initial settings include a 15-period ATR for Supertrend, a 14-period ADX, and a session window, all of which can be adjusted. No backtest results or performance evidence are included, so effectiveness and behavior across markets cannot be assessed from this excerpt.

Key ideas

• The strategy calculates Heikin-Ashi candles and uses Supertrend direction to identify bullish or bearish conditions.
• An ADX threshold is provided as a trend-strength filter.
• Volume, session timing, risk/reward, and candle-pattern settings are configurable.
• The structure filter can use regression, ATR, Donchian, or swing-based levels.
• The excerpt omits the complete trade rules and provides no performance evidence.

Tags

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