Supertrend Direct Entry Set, Timed Under Rules [DESTUR]

The Supertrend Direct Entry Set, Timed Under Rules [Destur] indicator is a multi-layered trend-following tool that combines four distinct Supertrend calculations with RSI divergence and VWAP analysis to provide high-precision entry and exit signals. This script aims to help traders identify bullish and bearish market phases across various timeframes and asset classes by visualizing dynamic support and resistance zones.

Usage

The Usage section describes how the script can be used to navigate market trends:

• Trend Identification: The script uses green background zones and "Buy" labels to indicate a confirmed uptrend. Conversely, red zones and "Sell" labels indicate bearish momentum.
• Layered Confirmation: With four internal Supertrend layers (ST1 to ST4), traders can look for confluence. When multiple layers align in color, the trend strength is considered higher.
• Divergence Alerts: The indicator automatically plots triangle shapes when an RSI bearish divergence is detected during an uptrend, signaling a potential trend reversal or exhaustion.
• VWAP Integration: A dynamic VWAP line is plotted on the chart, changing color based on the primary trend (ST1). Trading above the VWAP in a green zone suggests strong bullish momentum.
• Scalping & Swing Trading: Due to its rule-based logic, the tool can be applied to 1-minute charts for scalping or weekly charts for macro position trading.

Details

The script executes a multi-step calculation process to ensure signal reliability:

• Multi-Supertrend Logic: It calculates four separate Supertrend values using varying ATR lengths and factors (e.g., ATR 12 Factor 3, ATR 10 Factor 1). This creates a "ribbon" effect that visualizes the depth of the trend.
• RSI Divergence Logic: It monitors the Relative Strength Index (RSI) relative to price peaks. If the price is near 50-bar highs but the RSI shows lower momentum while overbought (>= 70), a bearish divergence signal is triggered.
• Dynamic Visuals: The script utilizes plot.style_linebr and fill functions to create a clean UI that highlights the gap between the price and various trend boundaries without cluttering the candlestick view.

Settings

ST1 to ST4 Settings

• ST ATR (1-4): Adjusts the period for the Average True Range calculation for each of the four layers. Higher values result in smoother, slower signals.
• ST Factor (1-4): Adjusts the multiplier for the ATR. A higher factor increases the distance between the price and the Supertrend line, reducing sensitivity to volatility.

FAQ

How do I access Supertrend Direct Entry Set, Timed Under Rules [Destur]?

You can get access on the LuxAlgo Library for charting platforms like TradingView, MetaTrader (MT4/MT5), and NinjaTrader for free.

Does this indicator repaint?

No, the script uses standard ta.supertrend and price action logic that calculates on bar close, ensuring that signals remain fixed once the candle is completed.

Can I use this for automated trading?

Yes, the script includes multiple alertcondition calls for Buy signals, Sell signals, RSI Divergences, and VWAP crossovers, which can be connected to external execution bots.