Here is the first prototype from Marketcalls which demonstrates multi-timeframe based trading system which compares two timeframes (5min and hourly in this case) and takes a trade decision based on both the timeframes. To demonstrate with simple example we used supertrend on 5min timeframe and Hull RSI on the hourly timeframe to filter unwanted trading signals.
After lot many people requested us to compare the performance of various supertrend systems we are geared to sit with the people to test the performance of supertrend rigorously for index futures market and getting the nitty-gritty of supertrend systems. Do’s and Dont’s with Supertrend.
Lin Supertrend is new and responsive version of Supertrend goes live for NSE Future stocks and index futures. Lin Supertrend uses linear regression to bring responsiveness in the system which in turn further controls the drawdown and increases the performance drastically.
In the new version of Supertrend thought of removing ATR factor to make the trading strategy independent of volatility factor. It is a simple long/short strategy fits for trading lower timeframes (5min, 10min, 15min) and strategy requires carry-forwarding the open position.
Compared to Supertrend 3.0 with the new version two interesting features has been added. One is a simple EMA filter rule is added to Buy and Short Conditions and changes in the dashboard (included target levels in Supertrend Dashboard for discrete traders). And performance of Trading system is really interesting when comes to backtesting with Nifty and Bank Nifty Futures. Recorded Webinar of Supertrend and Filters posted down below.
In this Webinar you will be learning basics of Supertrend, studying the performance of Supertrend, And how adding filters affects the supertrend performance. Session focuses more on system trading concepts, Performance Metrics with respect to Supertrend and the role of 200 day Moving Average as a filter in Supertrend Trading System.
Supertrend is a trend following indicator, which has around 40-45% hit ratio in five minute time frame. This means out of hundred trades (long + short) taken on basis of supertrend, approximately 45% will hit the target and in 55% the stoploss will be taken out. Even with this hit ratio supertrend is a clear winner because of using trend following.
Dow Theory is one of the most important trend following theories ever. As market evolved, the concepts of Technical analysis became more elaborated and complex, most essential foundation was forgotten in the Market literature.Even with much complexity nothing beats the Dow Theory on odds and logic. It’s around for over 100 years and still important as it is, even today
Supertrend V3.0 is the upgraded version of Supertrend Indicator. The trading logic remains the same however lot of bugs got removed and few features added in the current version. Multiple Consecutive Sound and Popup alert issue got resolved. Now you will be getting only one sound and popup alert whenever there is a buy or sell signal occurrence.
how to create a strategy where when the supertrend turns to buy mode and the reference high is marked at the time of supertrend turning to buy mode. But still the actual buy will come only if the high is taken out on the upper side. Similarly when the supertrend turns to sell mode and the reference low is marked at the time of supertrend turning to sell mode. But still the actual buy will come only if the low is taken out on the lower side.
Supertrend Intraday Trading strategy will start trade the Supertrend only between 9:15a.m and 3:00:p.m and close any open position by 3:25p.m. The following code defines the time based rules.
This time comingup with Multitimeframe dashboard an addon dashboard for Supertrend indicator with sound and popup alerts. Here are instructions to setup your amibroker with multitimeframe dashboard . Installation steps are listed below.