3x SuperTrend Strategy V1

The 3x SuperTrend Strategy (Mel0nTek) V1 tool is a momentum-based trading system designed to optimize entries by combining three SuperTrend indicators with a long-term trend filter and oscillators. It aims to capture high-probability reversals during established trends, particularly on lower timeframes like 1 to 15 minutes.

Usage

The strategy identifies trading opportunities by aligning trend direction across multiple time horizons. A 200-period Exponential Moving Average (EMA) acts as the primary trend filter, ensuring trades are only taken in the direction of the broader market.

Entry Conditions:

• Long: Price must be above the 200 EMA. At least two of the three SuperTrend lines must be bullish (below the price). The Stochastic RSI must be in the oversold zone (below 20) and perform a bullish cross.
• Short: Price must be below the 200 EMA. At least two of the three SuperTrend lines must be bearish (above the price). The Stochastic RSI must be in the overbought zone (above 80) and perform a bearish cross.

Exit Logic: The strategy uses the SuperTrend lines themselves for risk management. For a long trade, the stop loss is placed at the second farthest SuperTrend line from the entry price. The profit target is then calculated based on a fixed risk-to-reward ratio (defaulting to 1.5x).

Details

This implementation utilizes three distinct SuperTrend instances—Slow, Medium, and Fast—each with varying lengths and ATR multipliers. By requiring a majority (2 out of 3) to align, the script filters out minor price fluctuations that often trigger false signals in a single SuperTrend setup.

The integration of the Stochastic RSI is critical for timing. While the EMA and SuperTrends identify the "where" (direction), the Stochastic RSI identifies the "when" (momentum exhaustion and reversal), helping traders avoid entering a move too late.

Settings

• Backtest Parameters: Define the start date and strategy direction (Long, Short, or Both).
• P/L Ratio: Sets the take-profit target relative to the stop loss distance.
• EMA Length: Adjusts the period for the trend filter (default 200).
• Stoch RSI Settings: Includes K, D, RSI Length, and Stochastic Length to fine-tune reversal sensitivity.
• SuperTrend Settings: Independent Length and Multiplier inputs for the Slow, Medium, and Fast SuperTrend components.
• Alternate ATR Calculation: Toggle between a standard ATR or a smoothed SMA-based TR calculation.
• Visual Toggles: Options to show or hide P/L targets and Buy/Sell arrow labels on the chart.

FAQ

How do I access 3x SuperTrend Strategy (Mel0nTek) V1? You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Which markets work best with this strategy? While applicable to many assets, it is specifically optimized for high-volatility markets like Crypto and Forex on the 1-minute to 15-minute timeframes.

Can I change the risk-to-reward ratio? Yes, the "P/L Ratio" setting in the inputs panel allows you to adjust the profit target multiplier relative to your calculated stop loss.