Pinescript Adaptive Supertrend Indicator (Open Source)

u/Clean-Series-104 · Reddit — r/algotrading · May 16, 2026 at 01:27 · ⬆ 16 pts · 💬 5 comments  | View on Reddit ↗
AI Summary

Summary

  • The post introduces an open-source adaptive SuperTrend indicator for TradingView that uses momentum filtering, volume confirmation, and a self-optimizing engine to adjust parameters based on recent trade performance.
  • The author claims the indicator runs parallel signal and background simulation systems, with a regime grid memory and state snapshots for persistence, but notes it is still in beta and not finished.
  • Quality assessment: Speculative / noise. The description is technical but lacks backtest results, performance metrics, or any specific market application. It is a tool showcase, not a researched investment thesis.
Score 16
Comments 5
Upvote % 90%
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