OPEN-SOURCE SCRIPT
Sawaes Strategy

Here’s a **clear TradingView-style description** you can use directly in the indicator’s **Description** field or when sharing it publicly.
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## 📈 Sawaes Strategy – Buy & Sell Signal (SuperTrend-Based)
### 🔹 Overview
**Sawaes Strategy** is a trend-following indicator based on a **custom SuperTrend calculation** using **ATR (Average True Range)**.
It is designed to identify **trend direction**, **dynamic support/resistance**, and provide **clear buy and sell signals** when price confirms a trend change.
The indicator plots a colored trailing line on the chart and generates visual arrows for entries, making it suitable for **intraday, swing, and positional trading**.
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### 🔹 How It Works
1. **ATR Volatility Measurement**
* Uses ATR to measure market volatility.
* The ATR value is multiplied by a user-defined **Factor** to adapt to different markets and timeframes.
2. **Dynamic Trend Lines**
* A **SuperTrend trailing stop line** is calculated above or below price.
* The line moves only in the direction of the current trend, preventing whipsaws.
3. **Trend Direction**
* 🟢 **Green line** → Uptrend (Bullish)
* 🔴 **Red line** → Downtrend (Bearish)
4. **Trend Switching**
* Trend flips when price decisively crosses the trailing stop line.
* Entry arrows appear only on confirmed trend changes.
---
### 🔹 Buy & Sell Signals
#### 🟢 Buy Signal
* Price crosses **above** the SuperTrend line
* Price closes **above** the trailing stop
* Trend changes from **bearish to bullish**
* Displayed as:
* Green **triangle up**
* Green **arrow up** on trend reversal
#### 🔴 Sell Signal
* Price crosses **below** the SuperTrend line
* Price closes **below** the trailing stop
* Trend changes from **bullish to bearish**
* Displayed as:
* Red **triangle down**
* Red **arrow down** on trend reversal
---
### 🔹 Inputs
* **Factor**
Controls sensitivity.
* Higher value → fewer signals, stronger trends
* Lower value → more signals, faster reactions
* **ATR Period**
Defines how volatility is calculated.
---
### 🔹 Best Use Cases
✔ Trending markets
✔ Index, Forex, Crypto, Stocks
✔ Works on all timeframes
✔ Can be combined with:
* Volume confirmation
* RSI / MACD
* Support & Resistance
---
### 🔹 Risk Management Tips
* Use the SuperTrend line as a **dynamic stop-loss**
* Trail stops along the colored trend line
* Avoid choppy or sideways markets
* Confirm higher-timeframe trend for better accuracy
---
### 🔹 Alerts
The indicator includes:
* 📢 Buy alert
* 📢 Sell alert
These can be used for automation or mobile notifications.
---
If you want, I can:
* Rewrite this as a **short public TradingView description**
* Add **disclaimer text**
* Convert it into a **strategy with backtesting**
* Optimize parameters for **crypto / forex / indices**
Just tell me 👍
---
## 📈 Sawaes Strategy – Buy & Sell Signal (SuperTrend-Based)
### 🔹 Overview
**Sawaes Strategy** is a trend-following indicator based on a **custom SuperTrend calculation** using **ATR (Average True Range)**.
It is designed to identify **trend direction**, **dynamic support/resistance**, and provide **clear buy and sell signals** when price confirms a trend change.
The indicator plots a colored trailing line on the chart and generates visual arrows for entries, making it suitable for **intraday, swing, and positional trading**.
---
### 🔹 How It Works
1. **ATR Volatility Measurement**
* Uses ATR to measure market volatility.
* The ATR value is multiplied by a user-defined **Factor** to adapt to different markets and timeframes.
2. **Dynamic Trend Lines**
* A **SuperTrend trailing stop line** is calculated above or below price.
* The line moves only in the direction of the current trend, preventing whipsaws.
3. **Trend Direction**
* 🟢 **Green line** → Uptrend (Bullish)
* 🔴 **Red line** → Downtrend (Bearish)
4. **Trend Switching**
* Trend flips when price decisively crosses the trailing stop line.
* Entry arrows appear only on confirmed trend changes.
---
### 🔹 Buy & Sell Signals
#### 🟢 Buy Signal
* Price crosses **above** the SuperTrend line
* Price closes **above** the trailing stop
* Trend changes from **bearish to bullish**
* Displayed as:
* Green **triangle up**
* Green **arrow up** on trend reversal
#### 🔴 Sell Signal
* Price crosses **below** the SuperTrend line
* Price closes **below** the trailing stop
* Trend changes from **bullish to bearish**
* Displayed as:
* Red **triangle down**
* Red **arrow down** on trend reversal
---
### 🔹 Inputs
* **Factor**
Controls sensitivity.
* Higher value → fewer signals, stronger trends
* Lower value → more signals, faster reactions
* **ATR Period**
Defines how volatility is calculated.
---
### 🔹 Best Use Cases
✔ Trending markets
✔ Index, Forex, Crypto, Stocks
✔ Works on all timeframes
✔ Can be combined with:
* Volume confirmation
* RSI / MACD
* Support & Resistance
---
### 🔹 Risk Management Tips
* Use the SuperTrend line as a **dynamic stop-loss**
* Trail stops along the colored trend line
* Avoid choppy or sideways markets
* Confirm higher-timeframe trend for better accuracy
---
### 🔹 Alerts
The indicator includes:
* 📢 Buy alert
* 📢 Sell alert
These can be used for automation or mobile notifications.
---
If you want, I can:
* Rewrite this as a **short public TradingView description**
* Add **disclaimer text**
* Convert it into a **strategy with backtesting**
* Optimize parameters for **crypto / forex / indices**
Just tell me 👍
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう!無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。
オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう!無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。