SuperTrend Entries Filtered by ADX and Four-Hour Trend
Summary
This open-source strategy is designed for a one-hour chart and combines SuperTrend direction changes with an ADX strength filter and an optional four-hour SuperTrend alignment check. It enters long or short when the one-hour SuperTrend flips direction, provided ADX meets its configured floor and the higher-timeframe trend agrees. The documented defaults set a 14-period ADX threshold of 20 and use SuperTrend parameters of ATR length 10 and multiplier 3 on both timeframes.
The strategy also provides percentage-based stop-loss and take-profit exits, fixed contract sizing, chart labels for accepted and filtered signals, a filter-status table, and an alert condition intended for exchange webhooks. The source specifies commission assumptions, but the document supplies no strategy report, measured returns, or comparisons to a baseline. Its logic and example parameters therefore describe a testable setup rather than evidence of profitability. The timeframe, market context, order execution, and behavior of higher-timeframe values should be evaluated for the intended instrument before live use.
Key ideas
- Entries occur when the chart-timeframe SuperTrend changes direction.
- An ADX threshold can screen out signals when measured trend strength is low.
- A four-hour SuperTrend filter can require alignment with the broader trend.
- Optional percentage stops and targets define exits from entry prices.
- The document presents strategy logic and settings but no performance evidence.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.