Supertrend MTF - multi time frame — Indicator by michelebazzoni

trendanalysis supertrend trend trendfollowing

This script allows to see the Supetrend of an higher timeframe (in the example above H4 vs Daily)
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It is useful as:

- Higher timeframe trend detector (eg. price below higher timeframe Supertrend -> bullish trend )
- Filter, in combinations with other techniques (eg. price below higher timeframe Supertrend -> only short)
- Signal with the current Supetrend: (eg. when higher timeframe Supetrend and actual timeframe one are both in selling position then take sell trade)

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Any feedback is welcome.

Protected script

This script is published closed-source but you may use it freely. You can favorite it to use it on a chart. You cannot view or modify its source code.

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