Trading Logic
Go long if Hourly HRSI is trending upwards and Supertrend turns to buy mode on 5min charts
Exit long if Supertrend turns to sell mode (i.e Trailing Stop hits on closing basis) on 5min charts
Exit long if Supertrend turns to sell mode (i.e Trailing Stop hits on closing basis) on 5min charts
Go Short if Hourly HRSI is trending downwards and Supertrend turns to short mode on 5min charts
Exit Short if Supertrend turns to sell mode (i.e Training Stop hits on closing basis) on 5min charts
Exit Short if Supertrend turns to sell mode (i.e Training Stop hits on closing basis) on 5min charts
Its mostly widely used trading system in India.
** Currently the Multitimeframe Dashboard works only with 5min charts, in 5min charts it shows dashboard for 5min, 15min and hourly.
Supported Version
Amibroker 5.5 and above.
Amibroker 5.5 and above.
How to Install the Supertrend Multitimeframe Dashboard Indicator
- Download and follow setup instructions for Supertrend AFL code with Sound and Popup Alerts
- Download Supertrend Multitimframe Dashboard Amibroker AFL code
- Unzip supertrend multitimeframe dashboard afl code to local folder
- Copy the AFL code to c:/program files/amibroker/formulas/basic charts folder
- Open Amibroker and Open a New Blank Chart
- Goto Charts->Basic Charts and apply/drag-and-drop the Supertrend AFL code into the blank chart and now double click over the Supertrend multitimeframe dashboard from Charts->Basic Charts
- Bingo you are done. Now you will be able to see the Supertrend indicator with Buy and Sell signals.
** I am not the creator of above formulae.