How to create a Strategy with Supertrend Indicator filteredv by Multi Timeframes
1 replies
birdy70
9 years ago #113484
Hello Marc,
is it possible to create a strategy with a Supertrend Indicator, where the indicator is filtered with two Timeframes?
For Example: GO LONG, if Supertrend is in 5 Minutes Chart (I see it in my big Chart Window) below the Market Price and if the Supertrend is below the Market Price in 15 and/or 30 Minutes Timeframe.
The Example, you see attached, was created with the Trading Station from FXCM, where I have a Supertrend Indicator Heat Map, that shows, if the Indicator is below the Market Price in 15/30 Minutes Timeframe too, the colour is green for LONG Signals or red for SHORT Signals.
And how to create a GO LONG Trading Rule with the Advanced ADX Indicator, for example:
first Candle: ADX is above 25 Level,
second Candle: ADX is higher then the first Candle
third Candle: ADX is higher then the second Candle
then GO LONG at the fourth Candle
Thanks for your Feedback, hope it will work.
Best Regards
Björn
birdy70
9 years ago #129402
Here is the attached File!
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