Can I use supertrend indicator to back-test on Zerodha Pi ?
This a question that gets repeated very often on the online forums.
With the latest release of Zerodha Pi on 22-JULY-2016 the Supertrend Indicator is now available to use as a charting tool on Pi charts.
However, the Back-testing and Scanner engine on Pi works on a programming language, Tradescript.
All the popular technical indicator functions comes predefined in the tradescript language source code.
For some reason the supertrend indicator has not been included as a function in the original source code of tradescript.
Due to this technical limitation, the supertrend indicator conditions cannot be used as a function for back-testing or scanning on Pi.
Back-testing and Scanning on Pi with supertrend conditions will not be possible.