OPEN-SOURCE SCRIPT
SuperTrend (5,1,5) BY Satish S
Why 3 Supertrends?
Short-term Supertrend (7, 1, 3) → reacts quickly, catches early trend changes but can give more false signals.
Medium-term Supertrend (14, 1, 2) → smoother, filters out noise.
Long-term Supertrend (21, 1, 3) → confirms major trend direction, fewer whipsaws.
How it Works
Trend Reversal Detection
If all three flip in the same direction → strong confirmation of trend change.
If only the short-term flips but others don’t → possible false signal, wait for confirmation.
Entry Signal Example
Buy when all three turn green (Supertrend below price).
Sell/short when all three turn red (Supertrend above price).
Exit / Partial Profit
Exit when the shortest one (7, 1, 3) flips against your position — protects profits in choppy markets.
TradingView Setup
You can do this by:
Adding Supertrend three times.
Setting their (Period, Multiplier, ATR Type) to:
ST1: 7, 1, 3
ST2: 14, 1, 2
ST3: 21, 1, 3
Use different colors or line styles for each so you can spot alignment quickly.
Short-term Supertrend (7, 1, 3) → reacts quickly, catches early trend changes but can give more false signals.
Medium-term Supertrend (14, 1, 2) → smoother, filters out noise.
Long-term Supertrend (21, 1, 3) → confirms major trend direction, fewer whipsaws.
How it Works
Trend Reversal Detection
If all three flip in the same direction → strong confirmation of trend change.
If only the short-term flips but others don’t → possible false signal, wait for confirmation.
Entry Signal Example
Buy when all three turn green (Supertrend below price).
Sell/short when all three turn red (Supertrend above price).
Exit / Partial Profit
Exit when the shortest one (7, 1, 3) flips against your position — protects profits in choppy markets.
TradingView Setup
You can do this by:
Adding Supertrend three times.
Setting their (Period, Multiplier, ATR Type) to:
ST1: 7, 1, 3
ST2: 14, 1, 2
ST3: 21, 1, 3
Use different colors or line styles for each so you can spot alignment quickly.
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。
開源腳本
秉持TradingView一貫精神，這個腳本的創作者將其設為開源，以便交易者檢視並驗證其功能。向作者致敬！您可以免費使用此腳本，但請注意，重新發佈代碼需遵守我們的社群規範。
免責聲明
這些資訊和出版物並非旨在提供，也不構成TradingView提供或認可的任何形式的財務、投資、交易或其他類型的建議或推薦。請閱讀使用條款以了解更多資訊。