Multi-Indicator RSI and SuperTrend Trend Confirmation System
Summary
This system combines RSI, a 50-period EMA, SuperTrend, Donchian channel slope, and volume to generate long and short signals. Entries require RSI to cross the midpoint, the Donchian channel to slope in the matching direction, price to be on the corresponding side of the long EMA, a matching SuperTrend direction, and volume above 1.5 times its 10-period average. Positions close when price crosses the 21-period EMA. The source also permits full-equity sizing and manual test triggers.
The document describes the indicators and rules and lists a one-hour SOL futures backtest period, but reports no measured performance. It warns that full-position exposure can cause large drawdowns, fixed indicator settings may not transfer across markets, and noisy conditions can cause consecutive losses. Despite describing SuperTrend as adaptive risk control, the source has no explicit stop-loss order; the EMA exit may also respond slowly. Backtesting, position limits, and explicit risk rules would be needed before live use.
Key ideas
- Entries require agreement among momentum, trend, price structure, SuperTrend, and volume conditions.
- Long and short entries use RSI midpoint crossings and matching Donchian slope and EMA positioning.
- Positions exit when price crosses the 21-period EMA, without an explicit stop-loss order in the source.
- The source sets position size to 100% of equity, increasing exposure to adverse moves.
- The published backtest settings identify a test period and market but provide no performance results.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.