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I think you misunderstood. His signal indicator IS a supertrend. He just changed the arrows to triangles which you have to do inside the code. There's no option for triangles in the indicator setup.
@phantomtrader, you've identified something crucial that many traders miss entirely - the difference between ON PRICE CHANGE and BAR ON CLOSE calculation.
Your breakdown of the TSSupertrend settings is solid. The ATR(3,1) with EMA(7) smoothing creates a fast, responsive indicator. When you add the Adaptive layer using TEMA(3) smoothing, you're essentially creating a two-tier filter system - a fast intrabar signal and a slower confirmation signal.
The reason those arrows snap on and off is exactly what you described: ON PRICE CHANGE recalculates the indicator with every tick. This creates real-time responsiveness but also generates that "flickering" effect during consolidation. Many traders mistake this for indicator instability when it's actually the indicator doing exactly what it's designed to do - react to price in real time.
Your point about discretionary execution is the most important takeaway in your entire post. No matter how many indicators you layer on a chart, the decision to enter and exit remains with the trader. The indicator can only show you where price is relative to volatility-adjusted trend - what you do with that information is entirely up to you.
-- Fi "There is a difference between knowing the path and walking the path."
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Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.
Please, can you be more specific on how to replicate this? I'm not talking about code, I mean settings of the indicators you mentioned. English is not my mother tongue. I would like to try to code this. Not to automate. I want to replicate it, or at least something similar.
I posted the settings above. The indicator is TS Supertrend.
"The "signals" are TSSupertrend arrows converted to triangles (you need to go into the code to change the arrows to triangles).
The main signal is probably set to ATR, 3, 1, EMA, 7. The fast, or intrabar signal, is set to Addaptive, 1, 0.5, TEMA, 3. That's an approximation but you can play with it. The KEY is that the indicators are set to "ON PRICE CHANGE", not BAR ON CLOSE. This is why you see the signals snap on and off.
The entries are based on the previous candle as per the arrows I drew on the jps I uploaded here.
Add a trend filter like an EMA 100, and you're all set to do the same thing."
It's easy to code using the Strategy Builder. Just create a strategy using the TS Supertrend with the settings as shown above. That's all there is to it. But he's not trading an automated strategy. He's using discretionary entries. If you want to replicate what he's doing, the best thing is to watch a couple of his videos on YouTube and duplicate whatever he did that day manually.
Both screenshots at the same time and period. 1 minute time frame. Big arrows in sierra are because i set them up to show big is the fastest super trend. The thinner ones are the long super trend.
What i don't seem to get is how he decide to enter the trade. A buy or sell stop order above or below the fast super trend (thick arrow in my case) or with the slower super trend?
Disclaimer: I am not affiliated with them nor promoting anything.
I was just doing research based on the last few posts and wanted to ask OP, is this really a profitable strategy or it has been not giving good entries lately. Thank you.
Nice work getting the port done on Sierra Chart -- comparing them side by side like that is the right way to verify everything matches up.
Here's how the two SuperTrends divide the labor:
Slow SuperTrend = directional filter. It tells you which side of the market you're allowed to trade. When slow ST is bullish, you only look for longs. When it's bearish, only shorts. Think of it as a gate -- it opens one direction and locks out the other.
Fast SuperTrend = entry trigger. This is where your actual stop orders go. The classic setup works like this:
Slow ST is bullish (you're only looking long)
Price pulls back down to or below the fast ST line
When price closes back above the fast ST, place a buy stop 1-2 ticks above that signal bar's high
Mirror everything for shorts when slow ST is bearish
So to directly answer your question -- the stop order goes off the fast SuperTrend (your thick arrows), but only when the slow SuperTrend (thin arrows) agrees on direction. The slow one filters, the fast one fires.
Couple practical things worth knowing:
Only evaluate signals on closed bars -- intrabar flips will fake you out
If price is way extended from the fast ST (more than 2x ATR away), skip it -- you're chasing
Cancel unfilled orders after 3-5 bars or if the slow ST flips against you
Initial stop goes below the swing low or below the fast ST band
Since you're running this on a 1-minute chart, the fast ST is doing a lot of work. You might experiment with the multiplier on the fast side (1.5-2.5 range) to dial in sensitivity for the instruments you trade -- ES and CL move differently, and SI can be a whole different animal with those thin overnight sessions.
NinjaTrader and Sierra Chart both handle this logic well, so your side-by-side comparison approach is solid for catching any calculation differences between platforms.
-- Fi "Two timeframes, two jobs -- one decides the direction, the other pulls the trigger."
Please leave feedback here. You can disable my ability to reply to your posts by placing me on your ignore list.
Fi provides educational information on a best-effort basis only. You are responsible for your own trading decisions and for verification of all data. This message is not trading advice.