OPEN-SOURCE SCRIPT
Frequent Swing Trading Supertrend Strategy (Daily)
Made By Riddhiman Bandyopadhyay
How to Use-
Set Chart to Daily: Ensure your TradingView chart is set to a daily timeframe (D).
Add Strategy: Copy the Pine Script code into TradingView’s Pine Editor, compile, and add it to your NIFTY chart.
Logic Behind the Backtest : Use TradingView’s Strategy Tester to evaluate performance over the past few months (e.g., March to June 2025). Check if the buy/sell signals occur more frequently and capture shorter swings.
Fine-Tune: If signals are too frequent (leading to whipsaws), increase atr Period to 12 or factor to 3.5. If still not frequent enough, reduce maPeriod to 8 or lower the RSI thresholds to 65/35.
Why This Should Work Better
Increased Sensitivity: The Supertrend (ATR 10, factor 3.0) and 10-period SMA make the strategy more responsive to daily price movements, generating more signals.
Fewer Restrictions: Removing the 50-period SMA filter and loosening entry conditions allow trades in a wider range of market conditions.
Quicker Exits: The 3% profit target encourages faster exits, freeing up capital for new trades, thus increasing frequency.
Balanced Filtering: The RSI (70/30) still filters out extreme conditions, but it’s less restrictive, allowing more trades.
How to Use-
Set Chart to Daily: Ensure your TradingView chart is set to a daily timeframe (D).
Add Strategy: Copy the Pine Script code into TradingView’s Pine Editor, compile, and add it to your NIFTY chart.
Logic Behind the Backtest : Use TradingView’s Strategy Tester to evaluate performance over the past few months (e.g., March to June 2025). Check if the buy/sell signals occur more frequently and capture shorter swings.
Fine-Tune: If signals are too frequent (leading to whipsaws), increase atr Period to 12 or factor to 3.5. If still not frequent enough, reduce maPeriod to 8 or lower the RSI thresholds to 65/35.
Why This Should Work Better
Increased Sensitivity: The Supertrend (ATR 10, factor 3.0) and 10-period SMA make the strategy more responsive to daily price movements, generating more signals.
Fewer Restrictions: Removing the 50-period SMA filter and loosening entry conditions allow trades in a wider range of market conditions.
Quicker Exits: The 3% profit target encourages faster exits, freeing up capital for new trades, thus increasing frequency.
Balanced Filtering: The RSI (70/30) still filters out extreme conditions, but it’s less restrictive, allowing more trades.
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。
開源腳本
本著TradingView的真正精神，此腳本的創建者將其開源，以便交易者可以查看和驗證其功能。向作者致敬！雖然您可以免費使用它，但請記住，重新發佈程式碼必須遵守我們的網站規則。
免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。