OPEN-SOURCE SCRIPT
Multi-Timeframe Supertrend Strategy
Indicator Name: Multi-Timeframe Supertrend Strategy
Description:
The Multi-Timeframe Supertrend Strategy is a powerful indicator designed to combine the insights of the Supertrend indicator across multiple timeframes to provide highly reliable trading signals. This strategy caters to traders who want to leverage the confluence of trend signals from different timeframes, enabling precise entry and exit points in various market conditions.
Key Features:
Multi-Timeframe Analysis:
Integrates Supertrend signals from the 15-minute, 5-minute, and 2-minute timeframes, offering a robust framework for identifying the prevailing trend with higher accuracy.
Buy and Sell Conditions:
Buy Signal: Triggered when the price is above the Supertrend lines in all three timeframes, indicating strong bullish momentum.
Sell Signal: Activated when the price drops below the 5-minute Supertrend, ensuring timely exits during trend reversals or pullbacks.
Trading Session Filter:
Includes a customizable trading session filter to limit signals to active trading hours (e.g., 9:30 AM to 3:30 PM), avoiding noise and signals outside preferred trading times.
End-of-Day Exit:
Automatically closes open positions at the end of the trading session, providing clarity and preventing overnight exposure.
Visualization:
Displays the Supertrend lines for each timeframe directly on the chart, color-coded to indicate bullish or bearish trends.
Plots buy and sell signals as clearly labeled markers for easy reference.
Alerts:
Supports customizable alerts for buy and sell signals, ensuring you never miss a trading opportunity.
Use Cases:
Ideal for intraday traders looking to align with short-term trends while maintaining a comprehensive multi-timeframe perspective.
Suitable for swing traders who want to time entries and exits based on strong confluence of trend signals.
Customization Options:
Adjustable parameters for the Supertrend indicator, including ATR Period and Multiplier, to tailor the sensitivity to your preferred trading style.
Configurable trading session times and timezones to suit your specific market or time preferences.
Description:
The Multi-Timeframe Supertrend Strategy is a powerful indicator designed to combine the insights of the Supertrend indicator across multiple timeframes to provide highly reliable trading signals. This strategy caters to traders who want to leverage the confluence of trend signals from different timeframes, enabling precise entry and exit points in various market conditions.
Key Features:
Multi-Timeframe Analysis:
Integrates Supertrend signals from the 15-minute, 5-minute, and 2-minute timeframes, offering a robust framework for identifying the prevailing trend with higher accuracy.
Buy and Sell Conditions:
Buy Signal: Triggered when the price is above the Supertrend lines in all three timeframes, indicating strong bullish momentum.
Sell Signal: Activated when the price drops below the 5-minute Supertrend, ensuring timely exits during trend reversals or pullbacks.
Trading Session Filter:
Includes a customizable trading session filter to limit signals to active trading hours (e.g., 9:30 AM to 3:30 PM), avoiding noise and signals outside preferred trading times.
End-of-Day Exit:
Automatically closes open positions at the end of the trading session, providing clarity and preventing overnight exposure.
Visualization:
Displays the Supertrend lines for each timeframe directly on the chart, color-coded to indicate bullish or bearish trends.
Plots buy and sell signals as clearly labeled markers for easy reference.
Alerts:
Supports customizable alerts for buy and sell signals, ensuring you never miss a trading opportunity.
Use Cases:
Ideal for intraday traders looking to align with short-term trends while maintaining a comprehensive multi-timeframe perspective.
Suitable for swing traders who want to time entries and exits based on strong confluence of trend signals.
Customization Options:
Adjustable parameters for the Supertrend indicator, including ATR Period and Multiplier, to tailor the sensitivity to your preferred trading style.
Configurable trading session times and timezones to suit your specific market or time preferences.
Skrip open-source
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