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[SUPERTREND]

Hello traders, today I will explain you about one of the best indicators (Supertrend) which is used by many of the traders to know whether the market will be bullish or bearish.

Q) What is Supertrend?

Ans) Supertrend indicator work with the candle during the trading hours and will give you exactly or precisely the trend in the candle either bullish or bearish. And it also gives the buy or sell signal by changing its colour.

with time and predict what will be move in the market either bullish or bearish.

Q) What setting to be change in Supertrend so that it is easier to read?

Ans) No changes in setting are needed. If you want to change the colour of Supertrend line then you can choose your favourite colour by clicking on style at the top of the box.

According to Trading View

Q) How to read Supertrend lines?

Ans) Supertrend indicator has two colour 1st is green to indicate market is bullish and be ready to buy CALL. And 2nd is red to indicate market is bearish and be ready to buy PUT. And when the market is bullish the Supertrend indicator become green colour and is below the candle. When the market is bearish the Supertrend indicator become red colour and is above the candle.

Q) During which time frame should we use Supertrend?

Ans) For day trading (in nifty and bank nifty) or intraday use 5 minutes and 15 minutes. For swing trading use 1 day. Avoid using this indicator in 1 minute’s time frame because it is not so accurate.

Q) When to wait even if the Supertrend given the signal to buy or to sell the stock?

Ans) When Supertrend trend has given a green signal or red signal. Don’t jump immediately in the market. Use price action and draw 2 horizontal line one touching the uppermost candle and one touching lowermost candle before you enter into the market. See that if the Supertrend is green the candle has to break and cross the uppermost horizontal line. If the candle unable to that it can go into consolidation or can be reversed. Same as when the Supertrend is red the candle has to break and cross the lowermost horizontal line. If the candle unable to that it can go into consolidation or can be reversed.

Please wait for confirmation that is the next candle after the candle which has just cross the lowermost or uppermost line should come above the uppermost line or below the lowermost line. Then only enter into the market.

Q) Sometimes there is a false Indication in Supertrend so how to make it more accurate?

Ans) But sometimes there is a false movement in Supertrend so do not only use it as the only indicator for the stock price. I suggest you to use the indicator Pivot Points and EMA 20 with EMA 50 with Supertrend. By using this it will save you from false indication of Supertrend.

I WILL ALSO POST THE BLOGS ON PIVOT POINTS AND OTHER INDICATORS

DISCLAMIER:

It is only for educational purpose which I have studied and test in the market. Any decision you take during the market is your own responsibility.

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