Supertrend Entries with EMA and ADX Filters and ATR Risk Controls

Summary

This strategy generates entries when price crosses a Supertrend line. An optional 200-period EMA filter requires price to align with the broader trend, while an optional ADX filter screens for trend strength. Trades can be limited to the Indian market session, and settings allow long-only or short-only operation. The script specifies Nifty and BankNifty in its title, but the supplied excerpt contains implementation details rather than an explanation of market-specific results.

Risk controls include an additional ATR-based trailing stop, a breakeven feature triggered after a favorable move measured in ATR, and three configurable profit-taking levels expressed as multiples of risk. The excerpt ends partway through the breakeven logic, so it does not show the complete exit implementation. It provides no backtest period, performance figures, or discussion of costs beyond a commission setting. The filters and exit options are configurable components, not evidence that the system is profitable or robust.

Key ideas

• Entries are triggered by price crossing the Supertrend line.
• Optional EMA and ADX conditions filter trades by direction and trend strength.
• The settings allow session filtering and long-only or short-only trading.
• Risk options include an ATR trailing stop, a breakeven trigger, and staged profit targets.
• The excerpt is incomplete and gives no performance evidence.

Tags

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