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Multi-ATR SuperTrend Signals with Elliott Wave-Inspired Confirmation

Article Strategy library · Author: ChaoZhang
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Summary

This strategy combines four SuperTrend calculations with different ATR lengths and multipliers. It takes a directional signal only when all four trend states agree, aiming to confirm broader direction across faster and slower settings. The description also proposes Elliott Wave-inspired pattern recognition as an additional way to validate signals.

The source provides configurable long, short, or two-way trading and closes positions when any SuperTrend changes direction. It includes a one-week BTC/USDT futures backtest configuration, but reports no performance results. The code does not implement an Elliott Wave pattern check despite the description, and the entry logic may submit repeated entries while all indicators remain aligned. Parameters need testing across instruments and market regimes; indicator agreement cannot eliminate false signals.

Key ideas

  • Four SuperTrend calculations use distinct ATR settings to represent different trend horizons.
  • A long or short signal requires all four trend states to agree.
  • The source closes positions when any of the four trend states flips.
  • The described Elliott Wave confirmation is not implemented in the provided strategy code.
  • The published BTC/USDT futures backtest settings contain no reported performance results.

Tags

FuturesCryptoTrend followingTechnical indicatorsBacktesting

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