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TTK Pine Code

This document describes a SuperTrend trading strategy that uses two timeframes. It defines SuperTrend calculations for a main and shorter timeframe. Signals are generated when the shorter timeframe crosses into a new direction and aligns with the main timeframe, going long when the shorter timeframe turns up as the main is up, and vice versa when it turns down. Take profit and stop loss levels are also included.

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2K views1 page

TTK Pine Code

This document describes a SuperTrend trading strategy that uses two timeframes. It defines SuperTrend calculations for a main and shorter timeframe. Signals are generated when the shorter timeframe crosses into a new direction and aligns with the main timeframe, going long when the shorter timeframe turns up as the main is up, and vice versa when it turns down. Take profit and stop loss levels are also included.

Uploaded by

prashantbobde
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as TXT, PDF, TXT or read online on Scribd
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//@version=2

//supertrend strategy multitimeframe analysis...

strategy("TTK TOOL", overlay=true, default_qty_value=100)


res = input(title="Main SuperTrend Time Frame", type=resolution, defval="720")
Factor=input(2, minval=1,maxval = 100)
Pd=input(10, minval=1,maxval = 100)

tp = input(500,title="Take Profit")
sl = input(400,title="Stop Loss")

Up=hl2-(Factor*atr(Pd))
Dn=hl2+(Factor*atr(Pd))
MUp=security(tickerid,res,hl2-(Factor*atr(Pd)))
MDn=security(tickerid,res,hl2+(Factor*atr(Pd)))

Mclose=security(tickerid,res,close)

TrendUp=close[1]>TrendUp[1]? max(Up,TrendUp[1]) : Up
TrendDown=close[1]<TrendDown[1]? min(Dn,TrendDown[1]) : Dn

MTrendUp=Mclose[1]>MTrendUp[1]? max(MUp,MTrendUp[1]) : MUp


MTrendDown=Mclose[1]<MTrendDown[1]? min(MDn,MTrendDown[1]) : MDn

Trend = close > TrendDown[1] ? 1: close< TrendUp[1]? -1: nz(Trend[1],1)


Tsl = Trend==1? TrendUp: TrendDown

MTrend = Mclose > MTrendDown[1] ? 1: Mclose< MTrendUp[1]? -1: nz(MTrend[1],1)


MTsl = MTrend==1? MTrendUp: MTrendDown

linecolor = Trend == 1 ? green: red


plot(Tsl, color = linecolor , style = line , linewidth = 4,title = "SuperTrend")

Mlinecolor = MTrend == 1 ? black : red


plot(MTsl, color = Mlinecolor , style = line , linewidth = 4,title = "Main
SuperTrend")

plotshape(cross(close,Tsl) and close>Tsl , "Up Arrow",


shape.triangleup,location.belowbar,black,0,0)
plotshape(cross(Tsl,close) and close<Tsl , "Down Arrow", shape.triangledown ,
location.abovebar, black,0,0)
up = Trend == 1 and Trend[1] == -1 and MTrend == 1
down = Trend == -1 and Trend[1] == 1 and MTrend == -1

golong = Trend == 1 and Trend[1] == -1 and MTrend == 1


goshort = Trend == -1 and Trend[1] == 1 and MTrend == -1

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