Supertrend Multi Time Frame - Auto HTF calculationThere is already SuperTrend indicator and thanks to its developer.
This script draws supertrend for current and higher time frame, it automatically calculates higher time frame and you don't need to adjust it when you change the period.
it also change the color of bars according to current and HTF supertrend, so you can see the trend by looking at bars color.
Bar color is lime if trend is up and red if trend is down. but if you see white bars then there is movement opposite the main trend.
if you like it please comment.
HTF
HTF High/LowThis simple script draws the previous higher timeframe candle high/low to your chart.
You can also make the script paint the zone between the low/open and the high/close.
Higher Timeframe EMAThis script plots a higher timeframe EMA to your chart.
You can specify the timeframe and the length of the EMA in the settings.
This chart demonstrates the 5-minute 50EMA (black) combined with the 1-hour 50EMA (colored) on the 1 minute timeframe.
MoD Soleman Double RSI + HTF HLuses HTF trend and provides specific input on lower timeframe using a combo of RSI and HHLL criteria. tested on M5/H1 timeframes
red/green background highlights retracement zone before HTF trend should continue.
blue bar is entry point. Look for 1:1 RR before closing off 75% and riding the wave up/down :-)
Works best with trending markets but should be also work with sideways markets.
