How It Works
Simple SuperTrend
You may already know this powerful indicator. Based Average True Range, the SuperTrend will follow the current trend and act as a natural trailing stop before it reverses in the other direction. It is represented by the green and red line.
Double SuperTrend
You may also know that SuperTrend will sometimes give late signals, or reverse too often. That is why we came up with the Double SuperTrend strategy. The idea is to use a slow SuperTrend that will give the current trend direction, and a fast SuperTrend to give entry and exit points.
MTF ADX Filter
An optional feature to reduce signals in flat markets is the Multi-Time-Frame Average Directionnal Index. Any entry below a given threshold will be ignored.
Input Parameters
The slow and fast SuperTrend are easily configured for any market by two input parameters: "ATR multiplier" and "ATR Lookback".
How to use
Backtesting
Use the [BACKTEST] version with the Strategy Tester to test your strategy on historical data. Note that these are not 100% representative of future results.
Create Alerts
In the right menu, there is an Alerts tab. Click on the + button to create an alert. In the condition, select the indicator and choose your alert. Then in the option, select "Once Per Bar Close". Make sure the Expiration time is far enough in the future. Choose how you want to receive the alert : email, phone, or other notifications.
Link to Alert Setup Study Script
Link to Backtest Strategy Script
Private Discord Server: https://discord.gg/AwZVFDh
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Knowledge Base
When I create an alert, how do I choose between "Once per bar" and "Once per bar close" ?
A "Once per bar" alert will trigger on the first tick of the bar which alert condition is true. A "Once ber bar close" alert will only trigger at bar close if the alert condition is still true at bar close.
Use "Once per bar" for manual trading. The alert will trigger sooner but is not as strong as if we waited bar close. Profits and risks are increased.
Use "Once per bar close" for automated trading. Unlike "Once per bar", a "Once per bar close" alert of the same type (buy or sell) cannot trigger more than once in a row. Thus it is suited for a trading bot which send buy and sell orders to a broker. Also those alerts correspond to the backtest results given buy the backtest version given with each indicator.
Should I expect repainting issues with any of the Cyatophilum Indicators ?
I code my indicators in such a way that each candle is calculated from previous candles data only. I do not use the security function which I know is currently bugged and causes repainting issues. Alerts are hosted on TradingView servers.
Can I use the Cyatophilum Indicators on other markets than cryptocurrency ?
Yes, all of my indicators work on most of TradingView's markets. You can trade Forex, Indexes, stocks, futures and CFD. Do not hesitate to join me on my Discord Server and I will help you configure the indicators for your favorite asset.
Satisfaction guarantee
If you are not satisfied the Cyatophilum Indicators , email me at contact@blockchainfiesta.com within 14-days and you will be fully refunded.
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Disclaimer
All investing involves risk, do not invest more than you are willing to lose. Past results may not be indicative of future results. By purchasing this indicator, you are not garanteed to make profit.