OPEN-SOURCE SCRIPT
Protrading Multi Supertrend Signal
The ProTrading Multi SuperTrend Signal is an advanced trend-following indicator that enhances traditional SuperTrend analysis by integrating multiple SuperTrend calculations into a single powerful tool. Designed for traders seeking high-probability trend confirmations, this indicator provides clear buy and sell signals based on multiple timeframe and parameter settings, ensuring a well-rounded approach to market trends.
Key Features:
Multi SuperTrend Strategy:
Utilizes multiple SuperTrend calculations with different settings to improve trend confirmation and reduce false signals.
Helps traders identify strong, sustainable trends with higher accuracy.
Clear Buy & Sell Signals:
Generates precise entry and exit signals when multiple SuperTrend conditions align.
Buy/Sell arrows and color-coded trend signals for easy visualization.
Multi-Timeframe (MTF) Analysis:
Allows traders to use SuperTrend signals from higher timeframes for added confirmation.
Ideal for aligning short-term trades with higher timeframe trends.
Dynamic Trend Coloring:
Green Trend: Strong bullish momentum.
Red Trend: Strong bearish momentum.
Neutral Zones: Sideways market conditions, reducing false trades.
Volatility-Based Filtering:
Integrates ATR (Average True Range) to filter out choppy markets and low-volatility conditions.
Helps avoid entering trades in uncertain market phases.
Customizable Settings:
Flexible SuperTrend parameters to adjust sensitivity based on trading style.
Custom risk management settings for stop-loss and take-profit levels.
Real-Time Alerts:
Get notified instantly when a confirmed Buy or Sell signal is generated.
Supports TradingView alerts for automated trade monitoring.
Key Features:
Multi SuperTrend Strategy:
Utilizes multiple SuperTrend calculations with different settings to improve trend confirmation and reduce false signals.
Helps traders identify strong, sustainable trends with higher accuracy.
Clear Buy & Sell Signals:
Generates precise entry and exit signals when multiple SuperTrend conditions align.
Buy/Sell arrows and color-coded trend signals for easy visualization.
Multi-Timeframe (MTF) Analysis:
Allows traders to use SuperTrend signals from higher timeframes for added confirmation.
Ideal for aligning short-term trades with higher timeframe trends.
Dynamic Trend Coloring:
Green Trend: Strong bullish momentum.
Red Trend: Strong bearish momentum.
Neutral Zones: Sideways market conditions, reducing false trades.
Volatility-Based Filtering:
Integrates ATR (Average True Range) to filter out choppy markets and low-volatility conditions.
Helps avoid entering trades in uncertain market phases.
Customizable Settings:
Flexible SuperTrend parameters to adjust sensitivity based on trading style.
Custom risk management settings for stop-loss and take-profit levels.
Real-Time Alerts:
Get notified instantly when a confirmed Buy or Sell signal is generated.
Supports TradingView alerts for automated trade monitoring.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.