Double Supertrend employs two ATR‑based moving averages with different periods
and multipliers. The first line sets the trade direction, while the second can
act as a target or trailing exit. This combination allows flexible trend
following with defined profit and risk parameters.
When price moves above both lines and the strategy is set to trade long, a
position is opened. For short trades the conditions are mirrored. Exits depend on
the selected take‑profit type or a percentage stop loss.
Data: Price candles.
Entry Criteria: Price crosses supertrend lines in the allowed Direction.
Exit Criteria: Opposite line break, take‑profit (TPType/TPPercent) or stop‑loss (SLPercent).
Stops: Percentage stop based on SLPercent.
Default Values:
ATRPeriod1 = 10
Factor1 = 3.0
ATRPeriod2 = 20
Factor2 = 5.0
Direction = "Long"
TPType = "Supertrend"
TPPercent = 1.5
SLPercent = 10.0
[*]Filters:
Category: Trend following
Direction: Configurable
Indicators: ATR‑based Supertrend
Complexity: Advanced
Risk level: Medium