Super Trend - Traders Best Friend
Super Trend is a popular technical analysis indicator used in financial markets, particularly in trading stocks, commodities, and currencies. It helps traders identify the direction of the current trend and potential entry and exit points for trades.
Most Commonly Used Setting (10.3)
Super Trend Strategy:
Confirm that the Super Trend indicator is below/above the current price, indicating a bullish trend/bearish trend
Mark the high (Bullish) - Wait for the candle to close above the alert candle and trade accordingly
Mark the high (bearish) - Wait for the candle to close below the alert candle and trade accordingly
Illustrations on the chart attached
