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Contra Supertrend MTF System by SNIPERMONKEY
Contra Supertrend MTF System
A dual-timeframe Supertrend indicator built for a contrarian (mean-reversion) entry model: it looks for the lower timeframe to reverse against the prevailing direction of a higher timeframe, then rides the trade using the lower timeframe alone for the exit.
Core Logic
Most multi-timeframe Supertrend setups look for both timeframes to agree before entering. This one does the opposite on purpose — it enters when they disagree:
Long entry — the higher (confirmation) timeframe Supertrend is still in a downtrend, and the lower (entry) timeframe Supertrend flips into an uptrend. The lower-TF flip is read as an early reversal signal against the higher-TF trend.
Short entry — the mirror case: higher timeframe still in an uptrend, lower timeframe flips into a downtrend.
Exit — once in a trade, only the entry (lower) timeframe governs the exit. The position closes on the next opposite flip of the entry-timeframe Supertrend, regardless of what the higher timeframe is doing by then. A configurable force-exit time also flattens any open position at end of session.
If both timeframes are already aligned in the same direction, no signal fires — the indicator waits for a genuine contra setup rather than trading with the trend.
Signals
Exactly four, plotted on the chart and available as alerts:
BUY — contra long entry
SELL — contra short entry
BUY EXIT — long position closed
SELL EXIT — short position closed
Key Features
Fully independent timeframe settings — separate timeframe, ATR length and factor for the entry (lower) and confirmation (higher) Supertrend, so any combination (1m/5m, 3m/15m, 5m/1H, etc.) can be configured without touching the chart's own timeframe.
Non-repainting MTF data — both Supertrend calculations are pulled through request.security with barmerge.gaps_off and barmerge.lookahead_off, and all signals are gated on barstate.isconfirmed, so nothing fires early or repaints after the fact.
Session entry window — configurable start/end time restricts new entries to a defined trading window.
Forced flat time — a separate configurable time forces any open position closed, independent of the Supertrend signal.
Carry-forward on session open — if the contra condition (opposite-direction Supertrends) is already true the moment the entry window opens, a signal fires immediately rather than waiting for a fresh flip.
Inputs
Entry Timeframe group: timeframe, ATR length, factor
Confirmation Timeframe group: timeframe, ATR length, factor, toggle to show/hide its plot
Session Settings: entry window start/end (hour/minute), forced exit time (hour/minute)
How to Use
Add to any chart — the chart's own timeframe doesn't need to match either Supertrend setting, since both are fetched independently. Set your entry (lower) and confirmation (higher) timeframes, tune ATR length/factor per side, and set your session window to match your trading hours. Use the four alert conditions to automate notifications.
Disclaimer
This is a technical analysis tool, not financial advice. Backtest and forward-test thoroughly on your instrument and timeframe combination before using in live trading. Past behavior of any indicator does not guarantee future results. Trade at your own risk.
A dual-timeframe Supertrend indicator built for a contrarian (mean-reversion) entry model: it looks for the lower timeframe to reverse against the prevailing direction of a higher timeframe, then rides the trade using the lower timeframe alone for the exit.
Core Logic
Most multi-timeframe Supertrend setups look for both timeframes to agree before entering. This one does the opposite on purpose — it enters when they disagree:
Long entry — the higher (confirmation) timeframe Supertrend is still in a downtrend, and the lower (entry) timeframe Supertrend flips into an uptrend. The lower-TF flip is read as an early reversal signal against the higher-TF trend.
Short entry — the mirror case: higher timeframe still in an uptrend, lower timeframe flips into a downtrend.
Exit — once in a trade, only the entry (lower) timeframe governs the exit. The position closes on the next opposite flip of the entry-timeframe Supertrend, regardless of what the higher timeframe is doing by then. A configurable force-exit time also flattens any open position at end of session.
If both timeframes are already aligned in the same direction, no signal fires — the indicator waits for a genuine contra setup rather than trading with the trend.
Signals
Exactly four, plotted on the chart and available as alerts:
BUY — contra long entry
SELL — contra short entry
BUY EXIT — long position closed
SELL EXIT — short position closed
Key Features
Fully independent timeframe settings — separate timeframe, ATR length and factor for the entry (lower) and confirmation (higher) Supertrend, so any combination (1m/5m, 3m/15m, 5m/1H, etc.) can be configured without touching the chart's own timeframe.
Non-repainting MTF data — both Supertrend calculations are pulled through request.security with barmerge.gaps_off and barmerge.lookahead_off, and all signals are gated on barstate.isconfirmed, so nothing fires early or repaints after the fact.
Session entry window — configurable start/end time restricts new entries to a defined trading window.
Forced flat time — a separate configurable time forces any open position closed, independent of the Supertrend signal.
Carry-forward on session open — if the contra condition (opposite-direction Supertrends) is already true the moment the entry window opens, a signal fires immediately rather than waiting for a fresh flip.
Inputs
Entry Timeframe group: timeframe, ATR length, factor
Confirmation Timeframe group: timeframe, ATR length, factor, toggle to show/hide its plot
Session Settings: entry window start/end (hour/minute), forced exit time (hour/minute)
How to Use
Add to any chart — the chart's own timeframe doesn't need to match either Supertrend setting, since both are fetched independently. Set your entry (lower) and confirmation (higher) timeframes, tune ATR length/factor per side, and set your session window to match your trading hours. Use the four alert conditions to automate notifications.
Disclaimer
This is a technical analysis tool, not financial advice. Backtest and forward-test thoroughly on your instrument and timeframe combination before using in live trading. Past behavior of any indicator does not guarantee future results. Trade at your own risk.
Информация о релизе
Just the Chart update
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.
Отказ от ответственности
Информация и публикации не предназначены для предоставления и не являются финансовыми, инвестиционными, торговыми или другими видами советов или рекомендаций, предоставленных или одобренных TradingView. Подробнее читайте в Условиях использования.