BlackPika Supertrend S1
Hello Reader!
This study script is based on the SuperTrend. There are some extra things added to make it able to use more efficiently. They are listed below:
1. Pullback signals: These signals indicate a pull back after a trend reversal and are the most optimum places where you can add to your existing position. They also come with Alerts !
2. Trailing Stop Loss and Take Profit: These further help to reduce the draw-down and can help you to trail profits with more granularity thus securing gains.
How to use ?
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Personally I use it on major pairs on cryptocurrencies like BTCUSD . Usually after the trend flips, there will be pullbacks, You can enter a part of the position when trend reversal is confirmed. Then add more when you get a pullback. To make life simpler, alerts are added for pullback signals as well. These can help acheive good entry price. Entering at pullback signals limits your losses to a great extent, as the trend will flip on the bar close if it goes against you.
You can trade manually or you can automate. All the signals have been provided with Alerts. some signals have been grouped, to reduce the number of the alerts if you wish to.
I wish you all the luck and please comment and Like if you have any doubts.
How to gain access ?
-------------------------
1. You can dm me in trading view
This study script is based on the SuperTrend. There are some extra things added to make it able to use more efficiently. They are listed below:
1. Pullback signals: These signals indicate a pull back after a trend reversal and are the most optimum places where you can add to your existing position. They also come with Alerts !
2. Trailing Stop Loss and Take Profit: These further help to reduce the draw-down and can help you to trail profits with more granularity thus securing gains.
How to use ?
----------------
Personally I use it on major pairs on cryptocurrencies like BTCUSD . Usually after the trend flips, there will be pullbacks, You can enter a part of the position when trend reversal is confirmed. Then add more when you get a pullback. To make life simpler, alerts are added for pullback signals as well. These can help acheive good entry price. Entering at pullback signals limits your losses to a great extent, as the trend will flip on the bar close if it goes against you.
You can trade manually or you can automate. All the signals have been provided with Alerts. some signals have been grouped, to reduce the number of the alerts if you wish to.
I wish you all the luck and please comment and Like if you have any doubts.
How to gain access ?
-------------------------
1. You can dm me in trading view