MTF Bollinger Bands, SuperTrend, TEMA Wave and ATR Stop Loss

24 paź 2018

This script is a combination of useful overlay indicators that can be used for day trading or swing trading. You can use it for long term positions as well, but some tweaking may be required. I also added the multi time frame possibility for the majority of settings. This indicator gives you a lot of opportunities and trade setups. Default settings are made for day trading, using intraday time frames.

This script can display the following:

• 4 independent Bollinger Bands (MTF)
  
• 4 independent SuperTrends (MTF)
  
• 6 independent TEMAs (MTF)
  
• ATR Stop loss for longs / shorts
  

Default settings display 3 Bollinger Bands, 2 TEMAs(I have found these two TEMAs particullarly useful, see screenshots below) and a signle SuperTrend.

Do not forget to always use a proper stop loss and risk management.

Here you can see the script in action in different markets:

BTC - BitMex - Setup before the drop from 7400 USD


BTC - BitMex - Setup before the drop from 8400 USD


BTC - BitMex - Setup before the pump to 7800 USD


BTC - BitMex - Setup before the pump to 6800 USD