A Multi-Indicator Strategy Using Cycle Bands, Supertrend and AlphaTrend

Summary

This strategy script combines price bands derived from short and medium cycles with Supertrend, AlphaTrend, and a Gaussian or multi-timeframe indicator framework. In the supplied trading logic, entries are driven by price crossing above a long entry line or below a short entry line, with those lines offset from the medium-cycle bands. The script can take both long and short positions and allows repeated entries as direction changes.

Trade exits are based on Supertrend-derived levels, while an optional hard stop trails from the highest or lowest price reached since entry. The code includes configurable ATR periods and multipliers, Renko-sized stop offsets, entry and exit distances, and other parameters; many Gaussian and multi-timeframe settings appear unused in the active entry logic. Despite the broad collection of indicators, the document provides no backtest results or evidence that the parameter choices work across markets. The code also contains a short-exit comparison and labels that may warrant careful inspection before relying on its behavior.

Key ideas

• Long and short entries occur when price crosses offsets from the medium-cycle bands.
• The cycle bands use smoothed price estimates with ATR-based widths.
• Supertrend levels provide the script's principal trade exit conditions.
• An optional hard stop trails from the best price reached since entry.
• Many configurable Gaussian and multi-timeframe inputs are not used by the visible entry rules, and no performance evidence is provided.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.