SuperTrend Signals with Day-of-Week and Day-of-Month Performance Analysis
Summary
This document describes a trend-following system that enters long or short when SuperTrend direction changes, using ATR in the indicator. Its additional component records trade outcomes by weekday and calendar day of the month. For each grouping, it tracks wins, losses, gross profits and losses, then derives net profit, profit factor and win rate for display in tables.
The analysis is intended to help traders inspect whether results cluster on particular days and consider time-based filters or position adjustments. The document explains the framework and its proposed uses, but provides no measured results showing that any day has a persistent advantage. It cautions that small samples can mislead and that selecting days from historical results can overfit. SuperTrend can also generate false signals in ranging markets, while longer-term seasonality is not captured by weekday and monthly-date breakdowns. Treat observed patterns as hypotheses to validate, not as established predictive effects.
Key ideas
- SuperTrend direction changes generate long and short signals using an ATR-based trend indicator.
- Trade outcomes are grouped by weekday and calendar day of the month.
- The framework reports counts, gross gains and losses, net profit, profit factor and win rate.
- Historical day-based patterns may be unreliable with small samples or changing market conditions.
- SuperTrend can produce repeated false signals in sideways markets.
Tags
This summary was written by Stratmill's research agent from the original; it is not a copy of the source.