Supertrend + RSI + Stochastic

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SuperTrend + RSI + Stochastic Entry System
A professional-grade trend-following indicator that combines SuperTrend direction detection with RSI and Stochastic confirmation filters to identify high-probability entry points.
What It Does
This indicator filters SuperTrend signals through multiple confirmation layers to reduce false signals and improve trade quality. Instead of taking every SuperTrend flip, it only signals when momentum indicators confirm the move.
How It Works
Entry Logic:
LONG: SuperTrend flips bullish + RSI above 40 + Stochastic above 30
SHORT: SuperTrend flips bearish + RSI below 60 + Stochastic below 70
The system uses "in-zone" confirmation rather than requiring exact crossovers, allowing for more practical real-time trading.
Key Features
1. RSI Bands (Visual Price Levels)
Converts RSI levels into actual price bands on your chart
Green band = RSI 40 level (long zone)
Red band = RSI 60 level (short zone)
Gray midline = neutral zone (RSI ~50)
2. Background Shading
Subtle green tint = All conditions aligned for long entry
Subtle red tint = All conditions aligned for short entry
Helps you anticipate signals before they trigger
3. Enhanced Signal Labels
Shows exact RSI and Stochastic values at signal trigger
Displays as: "Buy RSI:42 K:35"
Lets you assess signal strength
4. Flexible Filters
Toggle long/short signals independently
Enable/disable RSI filter
Enable/disable Stochastic filter
Show/hide RSI bands
Show/hide setup background shading
Settings
SuperTrend Parameters:
ATR Period (default: 10)
ATR Multiplier (default: 3.0)
Source (default: HL2)
RSI Filter:
RSI Length (default: 14)
Long Level (default: 40)
Short Level (default: 60)
Stochastic Filter:
Stochastic Length (default: 14)
Smoothing (default: 3)
Long Level (default: 30)
Short Level (default: 70)
Best Use Cases
Trending markets with clear directional bias
Medium to longer timeframes (10min+)
Works particularly well for long-only strategies in bullish markets
Ideal for swing trading and position trading
How to Trade
Wait for background to shade (setup building)
When signal appears, check RSI/Stochastic values on label
Stronger values = higher confidence trades
Exit on opposite signal or use your own risk management
Notes
All filters are optional and can be toggled off
Can be used as long-only or short-only by disabling one direction
Combines trend-following with momentum confirmation for higher win rates
Based on proven technical analysis principles

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Notas de prensa

Major Features Added:
1. RSI Two-Level Filter
Added RSI confirmation for entry signals
Long entries require RSI > 40 (default)
Short entries require RSI < 60 (default)
"In-zone" logic: checks if RSI is in favorable range when SuperTrend flips
Toggleable on/off
2. Stochastic Pullback Filter
Added Stochastic momentum confirmation
Long entries require Stochastic > 30 (default)
Short entries require Stochastic < 70 (default)
Helps catch entries at pullbacks within trends
Toggleable on/off
3. RSI Bands Visualization
Converts RSI levels into actual price bands on chart
Green band = RSI 40 level (long zone)
Red band = RSI 60 level (short zone)
Gray midline = RSI neutral zone (~50)
Shows visually where price needs to be for RSI confirmation
Based on LazyBear's RSI Bands formula
4. Setup Background Shading
Subtle background coloring shows when conditions align
Light green tint = Long setup ready (trend + RSI + Stochastic aligned)
Light red tint = Short setup ready (trend + RSI + Stochastic aligned)
Helps anticipate signals before they trigger
95% transparent for minimal chart clutter
5. Enhanced Signal Labels
Buy/Sell labels now show exact indicator values
Displays RSI value at entry
Displays Stochastic K value at entry
Format: "Buy\nRSI:42\nK:35"
Helps assess signal strength
6. Directional Toggle Controls
Added "Show Long Signals" checkbox
Added "Show Short Signals" checkbox
Can disable longs, shorts, or trade both
Useful for testing long-only vs short-only performance