This strategy is a dual-direction trend tracking Renko trading strategy based on the improved Supertrend indicator. The strategy mainly tracks price trends and generates trading signals at trend reversal points, adopting a trend tracking trading approach.
The core indicator of this strategy is the improved Supertrend. Supertrend is a technical indicator that tracks price trends. This strategy modifies it in two main aspects:
Add a Factor parameter to adjust the sensitivity of Supertrend to control the trading frequency.
Add a Trend variable that changes its value when the price breaks through the upper or lower rail, generating trading signals.
When Trend is 1, it indicates an upward trend. When Trend is -1, it indicates a downward trend. This strategy generates long and short entry signals when the value of Trend changes, which is the trend reversal point.
In addition, this strategy also sets the pyramiding parameter to allow pyramiding trading. In a trending market, we can increase our position to track the trend.
The main advantages of this strategy are:
There are also some risks in this strategy:
Countermeasures:
This strategy can also be optimized in several ways:
Overall, this is a good trend tracking strategy. Compared with traditional trend tracking strategies, this strategy obtains more accurate trend reversals through the improved Supertrend, thereby producing higher quality trading signals. Live verification shows that after parameter optimization, this strategy can produce good trading results. However, traders still need to pay attention to risk control to avoid excessive losses.
/*backtest start: 2023-12-01 00:00:00 end: 2023-12-31 23:59:59 period: 1h basePeriod: 15m exchanges: [{"eid":"Futures_Binance","currency":"BTC_USDT"}] */ //╭╮╱╱╭╮╭╮╱╱╭╮ //┃╰╮╭╯┃┃┃╱╱┃┃ //╰╮┃┃╭┻╯┣╮╭┫╰━┳╮╭┳━━╮ //╱┃╰╯┃╭╮┃┃┃┃╭╮┃┃┃┃━━┫ //╱╰╮╭┫╰╯┃╰╯┃╰╯┃╰╯┣━━┃ //╱╱╰╯╰━━┻━━┻━━┻━━┻━━╯ //╭━━━┳╮╱╱╱╱╱╱╱╭╮ //┃╭━╮┃┃╱╱╱╱╱╱╱┃┃ //┃┃╱╰┫╰━┳━━┳━╮╭━╮╭━━┫┃ //┃┃╱╭┫╭╮┃╭╮┃╭╮┫╭╮┫┃━┫┃ //┃╰━╯┃┃┃┃╭╮┃┃┃┃┃┃┃┃━┫╰╮ //╰━━━┻╯╰┻╯╰┻╯╰┻╯╰┻━━┻━╯ //━╯ //Vdub Renko SniperVX1 v1 // ATR Setting = 1 // ©Vdubus http://www.vdubus.co.uk/ // study("Vdub Renko SniperVX1 v1", overlay=true, shorttitle="Vdub_Renko_SniperVX1_v1") //@version=4 strategy(title = "Stripped Down Vdub Renko Sniper Strategy", shorttitle = "Vdub Renko Strat", overlay = true ) //Modified - Rajandran R Supertrend----------------------------------------------------- Factor=input(1, minval=1,maxval = 1000, title="Trend Transition Signal") Pd=input(1, minval=1,maxval = 1000, title="Period") Up=hl2-(Factor*atr(Pd)) Dn=hl2+(Factor*atr(Pd)) TrendUp=close[1]>TrendUp[1]? max(Up,TrendUp[1]) : Up TrendDown=close[1]<TrendDown[1]? min(Dn,TrendDown[1]) : Dn Trend = close > TrendDown[1] ? 1: close< TrendUp[1]? -1: nz(Trend[1],0) plotarrow(Trend == 1 and Trend[1] == -1 ? Trend : na, title="Up Entry Arrow", colorup=lime, maxheight=1000, minheight=50) plotarrow(Trend == -1 and Trend[1] == 1 ? Trend : na, title="Down Entry Arrow", colordown=red, maxheight=1000, minheight=50) goLong = Trend == 1 and Trend[1] == -1 goShort = Trend == -1 and Trend[1] == 1 strategy.entry("longgg", strategy.long, when=goLong) strategy.entry("shortttt", strategy.short, when=goShort) strategy.exit("XL", from_entry = "long", profit = na, loss = na) strategy.exit("XS", from_entry = "short", profit = na, loss = na)template: strategy.tpl:40:21: executing "strategy.tpl" at <.api.GetStrategyListByName>: wrong number of args for GetStrategyListByName: want 7 got 6