Supertrend Channel + Trend Signals

This indicator is designed to capture high-probability entries by combining a dynamic volatility-based channel with sensitive momentum oscillators. The supertrend is based on this indicator: Supertrend Channels by [LuxAlgo]

Here is a simple breakdown of how it works:

1. The Supertrend Channel (The Filter)
The core of the indicator is a channel that tracks market volatility. Unlike standard fixed bands, this channel shifts and colors based on the prevailing trend:

Bullish Trend (Green): The midline is rising, indicating upward momentum.

Bearish Trend (Red): The midline is falling, indicating downward momentum.

Custom Timeframes: You can set the channel to a higher timeframe (like 30m or Daily) while trading on a smaller timeframe to ensure you are trading with the "Big Picture" trend.

2. Signal #1: The Momentum "Snap"
The "Signal #1" markers (Triangles) appear when two momentum tools align perfectly:

RSI (3-period): Captures very fast, short-term oversold/overbought conditions.

Stochastic RSI: Confirms that momentum is actually turning back in your favor.

Trend Filter: By default, the script only shows Buy signals in a Green trend and Sell signals in a Red trend to avoid "fighting the tape."

3. Dynamic ATR Volatility
The script features an intelligent ATR (Average True Range) logic that automatically adjusts its multiplier based on how the current volatility compares to the historical average. This helps the indicator stay wide during high-volatility spikes and tighten up during quiet periods.

4. Key Features
Multi-Timeframe Capability: Use the channel from any timeframe to filter your current chart.

You can use the top and bottom of the channels as potential take profit and stop losses based on the trend.

Toggleable Logic: Use the "Ignore Trend Filter" setting if you want to see every RSI/Stoch signal, regardless of whether the channel is green or red.

Ready for Alerts: Built-in alert conditions for both Buy and Sell signals so you never miss a confirmed momentum shift.

*I've have found that the 30 minute timeframe works best for almost all assets.