MTF Supertrend by Rakesh Sharma

📊 MULTI-TIMEFRAME SUPERTREND INDICATOR

Get clear buy and sell signals from the powerful Supertrend indicator across three critical timeframes - all on one chart!

🎯 WHAT IT DOES:
This indicator analyzes the Supertrend across Monthly, Weekly, and Daily timeframes simultaneously, giving you a complete picture of market trends from short-term to long-term perspectives.

✨ KEY FEATURES:

- 📍 Visual Signal Labels: Clear buy/sell labels appear directly on your chart when Supertrend changes direction
- Daily signals (D-BUY/D-SELL) - Small green/red labels
- Weekly signals (W-BUY/W-SELL) - Medium blue/orange labels
- Monthly signals (M-BUY/M-SELL) - Large lime/maroon labels

- 📋 Live Summary Table: Real-time dashboard showing:
- Current trend direction for each timeframe (Bullish ▲ or Bearish ▼)
- Supertrend price levels
- Color-coded for quick reading

- 🎨 Visual Trend Confirmation:
- Supertrend line plotted on current timeframe
- Background color indicating current trend

- ⚙️ Fully Customizable:
- Adjustable ATR Period (default: 10)
- Adjustable Factor (default: 3.0)
- Toggle any timeframe on/off
- Show/hide summary table

🚀 HOW TO USE:

1. **Best Trades**: Look for alignment across multiple timeframes
- All 3 timeframes bullish = Strong buy opportunity
- All 3 timeframes bearish = Strong sell opportunity

2. **Signal Strength**:
- Monthly signals = Strongest, least frequent (major trend changes)
- Weekly signals = Medium strength, moderate frequency
- Daily signals = Most frequent, good for entries/exits

3. **Risk Management**:
- Use Supertrend levels as stop-loss points
- Higher timeframe trends act as confirmation for lower timeframe trades

4. **Settings Optimization**:
- Lower ATR period (7-8) = More sensitive, more signals
- Higher ATR period (12-14) = Less sensitive, fewer false signals
- Lower Factor (2.0-2.5) = Tighter stops, more signals
- Higher Factor (3.5-4.0) = Wider stops, fewer signals

💡 TRADING STRATEGY EXAMPLES:

**Conservative Approach:**
- Only take trades when all 3 timeframes align
- Use monthly trend as overall direction filter
- Enter on daily signals in direction of weekly/monthly trend

**Aggressive Approach:**
- Trade daily signals independently
- Use weekly/monthly as confirmation
- Quick entries and exits

**Swing Trading:**
- Focus on weekly signals
- Use monthly for trend direction
- Use daily for precise entry timing

⚠️ IMPORTANT NOTES:

- This is a trend-following indicator - works best in trending markets
- May generate whipsaws in choppy/sideways markets
- Always use proper risk management and position sizing
- Combine with volume analysis and support/resistance for best results
- Past performance does not guarantee future results

📈 BEST MARKETS:
Works on all markets: Stocks, Forex, Crypto, Commodities, Indices

⏰ BEST TIMEFRAMES:
Can be applied to any chart timeframe, but works best on:
- 1H to 4H charts for intraday trading
- Daily charts for swing trading
- Weekly charts for position trading

🔧 DEFAULT SETTINGS:
- ATR Period: 10
- Factor: 3.0
- All timeframes enabled
- Summary table visible

Feel free to adjust settings based on your trading style and the asset's volatility!

📚 ABOUT SUPERTREND:
Supertrend is a trend-following indicator that uses ATR (Average True Range) to plot dynamic support and resistance levels. It helps identify the current trend direction and potential reversal points.

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💬 Questions or suggestions? Leave a comment below!
⭐ If you find this indicator helpful, please give it a boost!

Happy Trading! 🎯