Dual-Timeframe Supertrend Entries Confirmed by RSI

Summary

This trend-following strategy combines Supertrend direction from 5-minute and 60-minute timeframes with RSI confirmation. It proposes long entries when both Supertrends are bullish and RSI exceeds 60, and short entries when both are bearish and RSI is below 40. Positions are intended to close when the faster Supertrend reverses, with the slower timeframe acting as a directional gate. The document also describes intraday and positional modes, session limits, and optional point-based or percentage-based targets, stops, and trailing stops.

The rationale is that agreement across timeframes and RSI confirmation may reduce false signals, while configurable exits provide risk controls. However, no measured results are supplied, and the source code does not implement the advertised session restriction or distinguish the two system modes in its entry logic. Its target and stop orders are repeatedly tied to current close prices, so their behavior may not match fixed levels from entry. The document identifies choppy-market overtrading, slippage, delayed reversals, and position sizing as concerns; testing implementation details is essential.

Key ideas

• Long entries require bullish Supertrend direction on both timeframes and RSI above 60; shorts use bearish direction and RSI below 40.
• The faster Supertrend reversal is intended to close positions, while the slower one filters trade direction.
• Optional exits include point-based or percentage-based targets, stops, and trailing stops.
• The source does not implement the described session and mode restrictions, and its exit levels depend on current close.
• No performance evidence is provided, and choppy markets, slippage, and delayed signals remain risks.

Tags

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