byquan GP maxmin+SPtrend

GP MaxMin SRSI + SSPtrend
Description

GP MaxMin SRSI + SSPtrend is a composite technical indicator designed to combine momentum context analysis with trend confirmation.

The script integrates:

A multi-source, multi-timeframe Stochastic RSI context layer

A standard Supertrend-based trend switch

A time-based signal validation window to reduce isolated or out-of-context signals

This indicator is intended for market observation and educational analysis, not as a standalone trading system.

Conceptual Overview

The core idea behind this indicator is simple:

Strong trend reversals or continuations are more meaningful when they occur after the market reaches extreme momentum conditions across multiple timeframes.

Instead of triggering signals immediately at overbought or oversold levels, this script:

Detects momentum extremes first

Waits for a structural trend confirmation

Allows signals only within a limited context window

Indicator Structure
1. Multi-Source Stochastic RSI Context

The script computes Stochastic RSI values based on four price sources:

Open

High

Low

Close

From these values, the script extracts:

The minimum momentum reading (deepest oversold condition)

The maximum momentum reading (strongest overbought condition)

This approach aims to reflect momentum dispersion, rather than relying on a single price input.

2. Multi-Timeframe Aggregation

Momentum values are evaluated across multiple higher timeframes (configurable by the user).

The aggregated values are normalized into a unified 0–100 scale, producing:

A composite oversold context

A composite overbought context

These conditions define market context only, not entry signals.

3. Trend Confirmation Using Supertrend

A conventional Supertrend calculation is used to detect trend state changes:

Trend transitions define potential directional shifts

Supertrend acts as the only trigger mechanism

No signal is generated solely from momentum values.

4. Context Validation Window

Once an overbought or oversold context is detected:

A configurable bar-based window is opened

Supertrend signals occurring within this window are considered valid

Signals outside the window are ignored

This design helps avoid delayed or unrelated confirmations.

Signal Logic Summary

BUY context
Oversold momentum detected → Supertrend turns bullish within the allowed window

SELL context
Overbought momentum detected → Supertrend turns bearish within the allowed window

Only signals satisfying both context and confirmation are displayed.

Intended Use

This indicator is designed to be used as:

A confirmation or filtering tool

A context layer alongside other analysis methods

A visual aid for studying market structure and momentum behavior

It is not intended to:

Predict future price movements

Replace risk management

Provide trading advice or signals with guaranteed outcomes

Important Notes

This script does not repaint

All calculations are rule-based and deterministic

Results may vary across symbols and timeframes

Users are encouraged to evaluate the logic independently

Past behavior does not imply future performance.

Attribution & Transparency

This script is a custom integration and modification of commonly used technical concepts such as:

Stochastic RSI

Supertrend

Multi-timeframe analysis

While the underlying ideas are widely known, the combination, parameterization, and signal-filtering logic reflect a personal implementation approach.

Disclaimer

This script is provided for educational and analytical purposes only.
It does not constitute financial advice, investment recommendations, or solicitation to trade.