SuperTrend MTF Pro [Cometreon]

27 mar

The SuperTrend MTF Pro [Cometreon] takes the classic SuperTrend to a whole new level of customization and accuracy. Unlike the standard version, this indicator allows you to select different moving averages, apply it to various chart types, and fine-tune every key parameter.
If you're looking for an advanced, non-repainting, and highly configurable SuperTrend, this is the right choice for you.

🔷 New Features and Improvements
🟩 Multi-MA SuperTrend
Now you can customize the SuperTrend calculation by choosing from 15 different moving averages:

1. SMA (Simple Moving Average)
   
2. EMA (Exponential Moving Average)
   
3. WMA (Weighted Moving Average)
   
4. RMA (Smoothed Moving Average)
   
5. HMA (Hull Moving Average)
   
6. JMA (Jurik Moving Average)
   
7. DEMA (Double Exponential Moving Average)
   
8. TEMA (Triple Exponential Moving Average)
   
9. LSMA (Least Squares Moving Average)
   
10. VWMA (Volume-Weighted Moving Average)
    
11. SMMA (Smoothed Moving Average)
    
12. KAMA (Kaufman’s Adaptive Moving Average)
    
13. ALMA (Arnaud Legoux Moving Average)
    
14. FRAMA (Fractal Adaptive Moving Average)
    
15. VIDYA (Variable Index Dynamic Average)
    

🟩 Multiple Chart Types
You're no longer limited to candlestick charts! Now you can use SuperTrend with different chart formats, including:

1. Heikin Ashi
   
2. Renko
   
3. Kagi
   
4. Line Break
   
5. Point & Figure
   

🟩 Customizable Timeframe
Now you can adjust the SuperTrend timeframe without repainting issues, avoiding signal distortions.

🔷 Technical Details and Customizable Inputs
SuperTrend offers multiple customization options to fit any trading strategy:
1️⃣ ATR Period – Defines the ATR length, affecting the indicator’s sensitivity.
2️⃣ Source – Selects the price value used for calculations (Close, HL2, Open, etc.).
3️⃣ ATR Mult – Multiplies the ATR to determine band distance. Higher values reduce false signals, lower values make it more reactive.
4️⃣ Change ATR Calculation Method – When enabled, uses the default ATR method; when disabled, allows selecting another Moving Average with "Use Different Type".
5️⃣ Source Break – Defines the price source for trend changes (Close for more stability, High/Low for more reactivity).
6️⃣ Use Different Type – Allows selecting an alternative Moving Average for ATR calculation if "Change ATR Calculation Method" is disabled.
7️⃣ SuperTrend Type – Advanced options for specific MAs (JMA, ALMA, FRAMA, VIDYA), with dedicated parameters like Phase, Sigma, and Offset for optimized responsiveness.


8️⃣ Ticker Settings – Customize parameters for special chart types such as Renko, Heikin Ashi, Kagi, Line Break, and Point & Figure, adjusting reversal, number of lines, and ATR length.
9️⃣ Timeframe – Enables using SuperTrend on a higher timeframe.
🔟 Wait for Timeframe Closes -
✅ Enabled – Prevents multiple signals, useful for precise alerts.
❌ Disabled – Displays SuperTrend smoothly without interruptions.

🔷 How to Use SuperTrend MTF Pro [Cometreon]
🔍 Identifying Trends
SuperTrend follows the ongoing trend and provides clear visual signals:
When the price is above the line, the trend is bullish.
When the price is below the line, the trend is bearish.

📈 Interpreting Signals
Line color and position change → Possible trend reversal
Bounce off the line → Potential trend continuation
Strong breakout of the line → Possible reversal

🛠 Integration with Other Tools
RSI or MACD to filter false signals
Moving Averages to confirm trend direction
Support and Resistance to improve entry points


☄️ If you find this indicator useful, leave a Boost to support its development!
Every feedback helps to continuously improve the tool, offering an even more effective trading experience. Share your thoughts in the comments! 🚀🔥

4 giorni fa

Note di rilascio

📈 SuperTrend MTF Pro – Update Version 1.1

🔹 New Features and Adjustments

1️⃣ New Bounce Signal
A new signal system has been added that detects when the price crosses above or below the SuperTrend Trend Up/Down line, but then closes back on the opposite side. This can help highlight potential false breakouts or pullback entries.

To improve signal quality, you can enable the "Confirm Candle" filter:

• In an Up Trend, only bullish candles will trigger the signal.
  
• In a Down Trend, only bearish candles will be considered.
  

📌 Example: In the image below, even though the price crosses the trend line, the red candle is ignored because it doesn’t match the trend direction (Confirm Candle is enabled).


🔧 Inputs added for this feature:

1. Enable/Disable the cross signal
   
2. Select the signal color
   
3. Toggle Confirm Candle (on/off)
   

🔔 Alerts for this condition are now available directly from the indicator’s Alerts panel, so you can be notified when this setup occurs.

2️⃣ Minor Improvement – Ticker Change Handling
We’ve adjusted how the indicator reacts to symbol changes, improving the stability when switching between tickers. It’s a small fix, but helps maintain smoother behavior overall.

This update introduces a subtle but useful addition to the signal system and a small stability improvement, helping you tailor the indicator even more to your trading style.

☄️ Try it out and feel free to share any feedback or suggestions as we continue refining the Cometreon suite!