Sometime back we introduced Lin-Supertrend Live charts for 5min and 10min timeframe. Lin Supertrend is the responsive version of Supertrend V4.0 and the price component in the ATR channel is smoothed with linear regression to make the channel responsive to price movements thereby having tighter trailing stops and responsive change in signals as well.
Buy – if suptrend shows a buy signal and candle above 200 EMA (Green Arrow)
Exit Buy – if supertrend shows a exit signal (Yellow Star)
Short – if suptrend shows a sell signal and candle below 200 EMA (Red Arrow)
Exit Short – if supertrend shows a exit signal (Yellow Star)
Intial Backtester Settings
|Position Size||300 shares per trade|
|Trading Comissions||Rs250/- per leg|
|Backtesting Period||1st Aug 2010 - 27th May 2016|
|Rollover Charges Calculated||No|
Recommended Amibroker Version
5.8version or above.
Recorded Webinar on Comparison of Supertrend Performance is available to all TradeZilla Participants
Lin Supertrend Equity Curve – 5min timeframe
Lin Supertrend Equity Curve – 10min timeframe
Lin Supertrend Amibroker AFL Code