SuperTrend Entries with ADX, 4-Hour Alignment, and Percentage Exits

Summary

This Pine strategy is designed for a one-hour chart and combines SuperTrend direction changes with an ADX threshold and a four-hour SuperTrend direction filter. A long or short signal requires a new one-hour SuperTrend flip, sufficient ADX when that filter is enabled, and matching higher-timeframe direction when its filter is enabled. Inputs also define contract quantity, commission assumptions, and optional percentage-based stop-loss and take-profit settings.

The supplied document ends before the order-management logic, so the exact exit implementation and any additional rules cannot be confirmed from the excerpt. It provides no backtest results or performance statistics. The title identifies Delta Exchange, but the visible code does not establish tested market, execution conditions, or profitability. ADX and higher-timeframe confirmation may reduce some countertrend entries, but can also delay or exclude trades; fixed percentage exits do not adapt to changing volatility. The settings are configurable, and their stated defaults should not be treated as validated parameters.

Key ideas

• Entries are triggered by a change in the one-hour SuperTrend direction.
• An optional ADX threshold filters out signals when trend strength is below the configured minimum.
• An optional four-hour SuperTrend filter requires the higher-timeframe direction to agree with the trade.
• The visible settings include optional fixed percentage stop-loss and take-profit levels.
• The excerpt omits the order-management portion and provides no evidence of strategy performance.

Tags

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