Triple SuperTrend + RSI + Fib BB

Triple SuperTrend + RSI + Fibonacci Bollinger Bands Strategy
📊 Overview
This advanced trading strategy combines the power of three SuperTrend indicators with RSI confirmation and Fibonacci Bollinger Bands to generate high-probability trade signals. The strategy is designed to capture strong trending moves while filtering out false signals through multi-indicator confluence.
🔧 Core Components
Three SuperTrend Indicators
The strategy uses three SuperTrend indicators with progressively longer periods and multipliers:

SuperTrend 1: 10-period ATR, 1.0 multiplier (fastest, most sensitive)
SuperTrend 2: 11-period ATR, 2.0 multiplier (medium sensitivity)
SuperTrend 3: 12-period ATR, 3.0 multiplier (slowest, most stable)

This layered approach ensures that all three timeframe perspectives align before generating a signal, significantly reducing false entries.
RSI Confirmation (7-period)
The Relative Strength Index acts as a momentum filter:

Long signals require RSI > 50 (bullish momentum)
Short signals require RSI < 50 (bearish momentum)

This prevents entries during weak or divergent price action.
Fibonacci Bollinger Bands (200, 2.618)
Uses a 200-period Simple Moving Average with 2.618 standard deviation bands (Fibonacci ratio). These bands serve dual purposes:

Visual representation of price extremes
Automatic exit trigger when price reaches overextended levels

📈 Entry Logic
LONG Entry (BUY Signal)
A LONG position is opened when ALL of the following conditions are met simultaneously:

All three SuperTrend indicators turn green (bullish)
RSI(7) is above 50
This is the first bar where all conditions align (no repainting)

SHORT Entry (SELL Signal)
A SHORT position is opened when ALL of the following conditions are met simultaneously:

All three SuperTrend indicators turn red (bearish)
RSI(7) is below 50
This is the first bar where all conditions align (no repainting)

🚪 Exit Logic
Positions are automatically closed when ANY of these conditions occur:

SuperTrend Color Change: Any one of the three SuperTrend indicators changes direction
Fibonacci BB Touch: Price reaches or exceeds the upper or lower Fibonacci Bollinger Band (2.618 standard deviations)

This dual-exit approach protects profits by:

Exiting quickly when trend momentum shifts (SuperTrend change)
Taking profits at statistical price extremes (Fib BB touch)

🎨 Visual Features
Signal Arrows

Green Up Arrow (BUY): Appears below the bar when long entry conditions are met
Red Down Arrow (SELL): Appears above the bar when short entry conditions are met
Yellow Down Arrow (EXIT): Appears above the bar when exit conditions are met

Background Coloring

Light Green Tint: All three SuperTrends are bullish (uptrend environment)
Light Red Tint: All three SuperTrends are bearish (downtrend environment)

SuperTrend Lines
Three colored lines plotted with varying opacity:

Solid line (ST1): Most responsive to price changes
Semi-transparent (ST2): Medium-term trend
Most transparent (ST3): Long-term trend structure

Dashboard
Real-time information panel showing:

Individual SuperTrend status (UP/DOWN)
Current RSI value and color-coded status
Current position (LONG/SHORT/FLAT)
Net Profit/Loss

⚙️ Customizable Parameters
SuperTrend Settings

ATR periods for each SuperTrend (default: 10, 11, 12)
Multipliers for each SuperTrend (default: 1.0, 2.0, 3.0)

RSI Settings

RSI length (default: 7)
RSI source (default: close)

Fibonacci Bollinger Bands

BB length (default: 200)
BB multiplier (default: 2.618)

Strategy Options

Enable/disable long trades
Enable/disable short trades
Initial capital
Position sizing
Commission settings

💡 Strategy Philosophy
This strategy is built on the principle of confluence trading - waiting for multiple independent indicators to align before taking a position. By requiring three SuperTrend indicators AND RSI confirmation, the strategy filters out the majority of low-probability setups.
The multi-timeframe SuperTrend approach ensures that short-term, medium-term, and longer-term trends are all in agreement, which typically occurs during strong, sustainable price moves.
The exit strategy is equally important, using both trend-following logic (SuperTrend changes) and mean-reversion logic (Fibonacci BB touches) to adapt to different market conditions.
📊 Best Use Cases

Trending Markets: Works best in markets with clear directional bias
Higher Timeframes: Designed for 15-minute to daily charts
Volatile Assets: SuperTrend indicators excel in assets with clear trends
Swing Trading: Hold times typically range from hours to days

⚠️ Important Notes

No Repainting: All signals are confirmed and will not change on historical bars
One Signal Per Setup: The strategy prevents duplicate signals on consecutive bars
Exit Protection: Always exits before potentially taking an opposite position
Visual Clarity: All three SuperTrend lines are visible simultaneously for transparency

🎯 Recommended Settings
While default parameters are optimized for general use, consider:

Crypto/Volatile Markets: May benefit from slightly higher multipliers
Forex: Default settings work well for major pairs
Stocks: Consider longer BB periods (250-300) for daily charts
Lower Timeframes: Reduce all periods proportionally for scalping

📝 Alerts
Built-in alert conditions for:

BUY signal triggered
SELL signal triggered
EXIT signal triggered

Set up notifications to never miss a trade opportunity!

Disclaimer: This strategy is for educational and informational purposes only. Past performance does not guarantee future results. Always backtest thoroughly and practice proper risk management before live trading.