SuperTrend + Stochastic Oscillator / Owl of Profit

SuperTrend + Stochastic Oscillator Strategy

This strategy combines SuperTrend and Stochastic Oscillator to identify trend-based entry and exit points with momentum confirmation.

Features:
SuperTrend Indicator:

Uses ATR (Average True Range) to determine trend direction.
ATR Period: 10 (default).
Multiplier: 3.0 (default).
Identifies bullish (green) and bearish (red) trends.
Stochastic Oscillator:

Measures momentum and identifies overbought or oversold conditions.
%K Period: 14 (default).
%D Period: 3 (default).
Smooth %K: 3 (default).
Entry and Exit Logic:
Long Condition:

SuperTrend indicates a bullish trend.
Stochastic %K crosses above %D.
Stochastic %K is below 20 (oversold level).
Short Condition:

SuperTrend indicates a bearish trend.
Stochastic %K crosses below %D.
Stochastic %K is above 80 (overbought level).
Exit Logic:

Exit conditions can be added using stop-loss, take-profit, or custom rules.
Visualization:
SuperTrend:

Plotted directly on the price chart with green and red lines indicating bullish and bearish trends.
Background fill highlights the trend direction.
Stochastic Oscillator:

Plotted on a separate pane with overbought (80) and oversold (20) levels highlighted.
%K is blue, and %D is orange for easy identification.
Buy and Sell Signals:

Clearly marked with "Long" and "Short" labels for easy visualization.
This strategy is ideal for traders looking to combine trend-following and momentum-based indicators for more reliable entry and exit points.

Visit my website for more tools and strategies: bybitindicators.com

Happy trading!