AnkeAlgo||Supertrend

Overview This is a comprehensive trend-following system that combines Multi-Timeframe (MTF) Supertrends with Price Action Market Structure. It is designed to help traders identify trend resonance across Big, Mid, and Small cycles while keeping track of key daily support/resistance levels.

Key Features

3-Cycle Resonance System:

Big Cycle: Acts as the major trend filter. Visualized with a solid background label (Green/Red) containing a Triangle and Plus sign.

Mid Cycle: Intermediate trend confirmation. Visualized with standard labels positioned strictly below/above the line to avoid clutter.

Small Cycle: For precise entry timing. Note: This script uses a contrarian logic for the small cycle to catch pullbacks within the main trend.

Daily Market Structure:

Automatically analyzes the daily timeframe to identify Market Structure Shifts.

Labels HH (Higher High), HL (Higher Low), LH (Lower High), and LL (Lower Low) on the chart.

Displays a summary of the current daily structure (e.g., "★ Bullish Structure").

Key Intraday Levels:

PDH / PDL: Automatically plots Previous Day High and Previous Day Low lines with dashed styles for immediate support/resistance reference.

Day Separator: A custom time-based separator (default 08:00) to mark the start of a new trading session.

Comprehensive Alerts:

Supports alerts for every single timeframe change (Big/Mid/Small turn bullish/bearish).

Includes specific "Resonance Strategy" alerts for signal entries.

How to Use

Trend Following: Look for trade setups when the Big Cycle and Mid Cycle align in color.

Entry: Wait for the Small Cycle to provide a signal in the direction of the Big Trend.

Structure Bias: Use the Daily Structure labels to confirm the macro bias before taking trades