Supertrend (MTF) & Parabolic SAR

The Supertrend (MTF) & Parabolic SAR indicator is a trend-following tool designed to synchronize multi-timeframe trend signals with Parabolic SAR momentum to identify high-probability breakout and trend-continuation opportunities.

Usage

The indicator displays four horizontal ribbon layers at the bottom of the chart, each representing a specific component of the strategy. The primary goal is to seek confluence across all layers:

• Lifetime (Top Layer): This is the master signal. When the line is green, all three underlying conditions (1Hr Supertrend, 4Hr Supertrend, and PSAR) are bullish. When red, all three are bearish.
• Confluence Trading: A "Buy" bias is established when the Lifetime ribbon turns green. Conversely, a "Sell" bias occurs when the Lifetime ribbon turns red. If the Lifetime ribbon matches the chart foreground color (neutral), it indicates a lack of confluence, suggesting traders should wait or re-evaluate.
• Exit Strategy: Traders can use the individual component layers for exits. For example, if the 1Hr Supertrend or PSAR changes color while the 4Hr trend remains intact, it may signal a potential trend exhaustion or a retracement where the trade should be re-evaluated using price action.

Details

This tool utilizes request.security to fetch trend data from the 1-hour and 4-hour timeframes regardless of the current chart resolution. By combining the 4-hour Supertrend (long-term trend) with the 1-hour Supertrend (medium-term trend) and the Parabolic SAR (immediate momentum/stop-and-reverse), the script filters out "noise" and focuses on moments where multiple market cycles align.

The Supertrend calculation includes an optional setting to toggle between the standard TradingView ATR calculation and a Simple Moving Average (SMA) based True Range calculation, allowing for further customization of trend sensitivity.

Settings

Supertrend 1Hr / 4Hr

• Period: The lookback period used for the ATR calculation (Default: 7).
• Multiplier: The value used to multiply the ATR to determine the distance of the trend line from price (Default: 3).

Supertrend Settings

• Change ATR Calculation Method?: When enabled, the script uses the standard ta.atr() function. When disabled, it uses an SMA of the True Range.

Parabolic SAR

• SAR Start: The initial acceleration factor (Default: 0.02).
• SAR Increment: The step value added to the acceleration factor each time a new extreme is reached (Default: 0.02).
• SAR Max Value: The maximum limit for the acceleration factor (Default: 0.2).

FAQ

How do I interpret the "Lifetime" signal? The Lifetime ribbon turns green only when the 1Hr Supertrend, 4Hr Supertrend, and Parabolic SAR are all bullish simultaneously. It turns red when all three are bearish.

Can I use this on any timeframe? Yes, the script uses Multi-Timeframe (MTF) logic to fetch 1Hr and 4Hr data, so the signals will remain consistent whether you are viewing the 5-minute or 15-minute chart.

How can I access the Supertrend (MTF) & Parabolic SAR? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.