TradeChartist MTF Supertrend Pro

22. Juni 2020

™TradeChartist MTF SuperTrend Pro is the Multi Time-Frame version (using timeframe multiplier) of classic Volatility Stop or SuperTrend (Stop and Reverse indicator using multiple of Average True Range of lookback period trailing behind the price acting as both trend reversal signifier and StopLoss trigger at the same time ).

What does ™TradeChartist MTF SuperTrend Pro include?

• Multi Time-Frame option using Time-Frame Multiplier to plot Higher Time Frame SuperTrend plot on Lower Time-Frame chart.

• Auto-fibs - 2 types (1. Retracement from last significant high/low to previous significant low/high, 2. Retracement from Current High/Low to previous significant Low/High).

• Trend identifying color bars.

• Trend identifying Background colour.

• Option to detect bars where Profit Taking is recommended using $ sign.

How to create Alerts for ™TradeChartist MTF SuperTrend Pro Long and Short Entries?

Alerts can be created for Long or Short entries using Once Per Bar as BUY and SELL labels appear with entries only on confirmation after bar close.

Does the indicator include Stop Loss and Take Profit plots?

This script doesn't have Stop Loss and Take Profit plots, but it can be connected to TradeChartist Plug and Trade as Non-Oscillatory signal to generate Automatic Targets, user set StopLoss and Take Profit plots and to create all types of alerts too.

Does this indicator repaint?

No. This script doesn't repaint as it confirms its signals only after close above/below SuperTrend plot and also uses security function to call higher time-frame values in the right way to avoid repainting. This can be verified using Bar Replay to check if the plots and fills stay in the same bar in real time as the Bar Replay.


===================================================================================================================

Tip 1: Using 1.618 as Timeframe Multiplier results in lucrative trades on most timeframes with ATR multiplier 1.618, 2.618 or 3.618. (Best Practice: Test with various values first on asset using Paper Trades before trading with real money)

Tip 2: Using bars, candles with no borders or Hollow Candles results in clear trend spotting with Bar color option enabled in settings.

===================================================================================================================

• Chart below shows Performance of MTF SuperTrend Pro connected to Plug and Trade using Default settings.

===================================================================================================================

This is not a free to use indicator. Get in touch with me (PM me directly if you would like trial access to test the indicator)

Premium Scripts - Trial access and Information

• Trial access offered on all Premium scripts.

• PM me directly to request trial access to the scripts or for more information.

===================================================================================================================

18. Sept. 2020

Versionshinweise

Code Optimised