Let’s define simple rules for entry and exit for Multi-Time Frame
Long Entry: Take a position when Supertrend(14,3) on 5min candle Crosses Below Close provided Supertrend(14,3) on 15min candle is Lower Than Close (15)
Long Exit: Supertrend(14,3) Higher Than Close
Entry Short: Supertrend(14,3) on 5min candle Crosses Above Close provided Supertrend(14,3) on 15min candle is Higher Than Close (15)
Short Exit: Supertrend(14,3) Lower Than Close.
Below would be the parameters for ST(14,3) on the selected candle.
And below parameters for the higher time frame candle, 15min in our case.
Here is the screenshot of the entire strategy.
We ran this test strategy on Bank Nifty August Contract. Below is the result of intraday implementation.
Of course this can be modified further to best suit your trading style.