SuperTREX: RSI Thresholds with ATR-Based Trend Levels

Summary

SuperTREX combines RSI threshold crossings with ATR-based trend levels to generate directional signals. An RSI crossing above the oversold threshold records a long reference price, while a cross below the overbought threshold records a short reference price. The script uses those recorded prices with an ATR multiple to construct upper and lower trend levels, then signals long or short when the resulting plotted series crosses the selected trend line. The published defaults include an RSI length of 14, thresholds of 35 and 70, and a SuperTrend period of 10 with a multiplier of 4.

The document provides source code and BTC/USDT spot backtest settings spanning May 2021 to May 2022, but reports no performance statistics. Its evidentiary value is therefore the rule description and implementation, not demonstrated profitability. The code is labeled as a study while also calling strategy order functions, and the signal construction is unusual: it averages the long reference price with itself. These implementation details warrant review before use. The approach also lacks explicit stop-loss, take-profit, and position-sizing rules in the supplied logic.

Key ideas

• RSI crossings of configurable oversold and overbought levels update separate reference prices for long and short signals.
• ATR-based upper and lower levels are built from those reference prices and used to define a trend line.
• Entries occur when the plotted reference-price series crosses the trend line.
• The published settings identify a year-long BTC/USDT spot backtest, but no results are supplied.
• The source contains unusual signal construction and does not specify explicit risk limits.

Tags

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