Supertrend Volume Strategy (Python)

Supertrend Volume augments the Supertrend indicator with volume confirmation. Rising volume during a Supertrend flip strengthens the likelihood of a new impulse move. The strategy enters with the trend on a Supertrend signal only when accompanied by above-average volume. Stops track the Supertrend line, exiting when price closes on the other side.

• Entry Criteria: indicator signal

• Long/Short: Both

• Exit Criteria: stop-loss or opposite signal

• Stops: Yes, percent based

• Default Values:

• CandleType = 15 minute

• StopLoss = 2% [*]Filters:

• Category: Trend following

• Direction: Both

• Indicators: Supertrend, Volume

• Stops: Yes

• Complexity: Intermediate

• Timeframe: Intraday

• Seasonality: No

• Neural networks: No

• Divergence: No

• Risk level: Medium