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FIND TRENDS IN MARKETS EAZY WITH THIS INDICATOR

3.50 star(s) 2 Votes
Thanks for the share. Supertrend indicator is a very simple indicator. The Buy and Sell signal changes as soon as the indicator flips over the closing price. When the Supertrend closes below the Price, a Buy signal is generated, and when the Supertrend closes above the Price, a Sell signal is generated.

Although, Supertrend is a trending indicator, and like all trending indicators it works well in trending markets (i.e. in uptrends and downtrends). There’s nothing perfect in Technical Analysis and so is Supertrend also; as it does give false signals in sideways trends. However, it does give lesser false signals than a lot of other indicators and hence if you are an intraday trader who wants to use this indicator as part of your trading strategy, you definitely want to use Supertrend in your trading arsenal and most importantly, you must use alongside other indicators as filters to avoid sideways entries. clapping handsclapping handsclapping hands
 
does anyone have any sort of results they can share with us for this indicator? I am interested in the workings of it
 
Thanks for the share. Supertrend indicator is a very simple indicator. The Buy and Sell signal changes as soon as the indicator flips over the closing price. When the Supertrend closes below the Price, a Buy signal is generated, and when the Supertrend closes above the Price, a Sell signal is generated.

Although, Supertrend is a trending indicator, and like all trending indicators it works well in trending markets (i.e. in uptrends and downtrends). There’s nothing perfect in Technical Analysis and so is Supertrend also; as it does give false signals in sideways trends. However, it does give lesser false signals than a lot of other indicators and hence if you are an intraday trader who wants to use this indicator as part of your trading strategy, you definitely want to use Supertrend in your trading arsenal and most importantly, you must use alongside other indicators as filters to avoid sideways entries. clapping handsclapping handsclapping hands
Thank you for an honest feedback
 
Thanks for the share. Supertrend indicator is a very simple indicator. The Buy and Sell signal changes as soon as the indicator flips over the closing price.
 
There is image of the supertrend indicator as requested
 

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Super trend is not a complete system,it works like moving avarage,it needs other indicators to use together with it.
 

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