Using this script with some changes
I try to build the RSI SUPERTREND model with MTF function
I think its need more work to refine it but as idea its nice
New version of SuperTrend MultiTimeframe with alert.
It is like old version but use V3 of PineScript (no repainting if you want to change it and transform in strategy).
Enjoy!
So this model is little different from moneymaker model in the following :
The buy system based on super trend , the sell system =S is based on the volume model of money maker
in the example we set 7% take profit for both long or short . you can set it even higher since btc very volatile now
in cases where it did not reach the target its made min of 3% each...
A derivation of the famous SuperTrend indicator.
My motivation for such indicator was to use more recursion in the original SuperTrend code, this work was made quite fast but feel free to modify it, as always my work is more for inspirational use than anything else so i hope it will inspire you to get more involved with the SuperTrend code or to start coding...
In this model we have fib Donchian channel with super trend alerts (B=buy) S =sell
and trailing volume system up trend alert and down trend alert
so have fun
I took the script from here so credit to the author
made some slight modification and add fib to make the buy point more stable
have fun
p.s
it can be improve further with addition of some extra, I did not check if it repaint as it not my code
all the code is made here
I just change liitle the buy and sell point and add reverse fisher for reducing bad signals. the script can be made better if I add more stuff but for the time being seems ok
have fun
Modified Hoffman A/D:
1. uses standard supertrend to determine up/down direction (previous version used ema crossover)
2. uses improved A/D candlestick patterns
I'm optimistic about this one
Plots four VMA's (Variable/Volatility Moving Average) in multiple static resolutions (1h, 2h, 4h, 8h), ideal for support/resistance/stops on predictably trending symbols like BTCUSD.
Example:
This strategy is showing what would be if you just follow supertrand indicator. As we know, supertrand doesn't appear immediately and we need to wait the next bar for decision about entering. So you can see what will happen if you take position after supertrend finally formed. This indicator is extremely dangerous without another tools and can give very serious...
This set up created to understand support and resistance as per ATR (Average True Range)
Existing setup of supertrend modified to Channel set up
It is created for study purpose , Buying or selling not suggested as per this
Thank you
