Short with Supertrend(7,3) and exit with Supertrend(7,2)

Streak - backtesting
1

Hi team,

I want to short sell Nifty ATM option when Supeertrend(7,3) gives sell signal and take exit from the position when Supertrend(7,2) gives buy signal.

Can this be done as the indicator settings are different?

Thanks in advance.

2

Hello @technical_trader

You can refer to the below image to learn how to create the strategy conditions:

You can also refer to the strategy link here: Streak | World's first algo trading platform without coding

The strategy will generate an entry alert on the current weekly Nifty 50 ATM CE option (short position) when the conditions are true on the Nifty 50 index i.e. when the Supertrnd(7,3) crosses above the current Close. Moreover, an exit will be generated when the Supertrend(7,2) crosses below the Close.

If you have any more queries you can ask here and I’ll be happy to help. Alternatively, you can also reach out to us at [email protected]