Supertrend wipsaws can be reduced

#1
Dear all,

Many of us here use super trend for trading. I found a way to avoid lot of false super trend signals using Alligator & Fractals. Now the system is as follows.
To trade it put following on chart,
1] Supertrend with default
2] Alligator
3] Fractals

Buy Signals:

When super trend goes to buy, do not immediately buy. Instead, wait for a fractal to be formed completely outside the body of an alligator. Once price crosses the fractal buy with ST as SL. Please check the image attached.
buy.png


Sell Signal,

When super trend goes to Sell, do not immediately buy. Instead, wait for a fractal to be formed completely outside the body of an alligator. Once price crosses the fractal sell with ST as SL. Please check the image attached.
shortsignal.png


This way lot of false signals can be avoided. Can someone please create back testable afl code for the same.

Thanks in advance.

Kind Regards,
Sumit
 

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#10
Hi Sumit,

Can u provide a screenshot of your recent trade indicating your entry, stop loss and timeframe for better understanding of your concept???
 

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