Table of Contents
What is the most accurate indicator in trading?
Some of the most accurate of these indicators include:
- Moving Average Convergence Divergence (MACD)
- Relative Strength Index (RSI)
- Bollinger Bands.
- Stochastic Oscillator.
- On-Balance Volume.
- Ichimoku Cloud.
- Fibonacci Retracement Levels.
- 52-Week High.
Which timeframe is best for Supertrend?
We should neither trade on very low time frames or on very high time frames, 15 mins time frame seems to be the ideal. I calculated the ratio of actual returns/returns before charges, only 15 mins time frame is able to generate better ratio after all charges.
How do you use the SuperTrend indicator?
How to Use Supertrend Indicator?
- Open the chart of a particular stock you want to trade.
- Fix the time interval of 10 minutes for the intraday trading.
- Insert the supertrend as your indicator.
- Now start tracking when the signals are in your favor.
- You can also follow the arrows for the signals to buy and sell the stocks.
What is Supertrend formula?
Formula: Supertrend Upper Line (RED line) = (High + Low) / 2 + multiplier × ATR. Supertrend Lower line (Green Line) = ( High + Low) / 2 – Multiplier × ATR.
What is the supertrend indicator, and how is it used?
The Supertrend Indicator is simply one of the easiest trend trading system. Supertrend, as the name suggests, is a trend following indicator. Supertrend is a trending indicator. Supertrend is built using two parameters, and the commonly used one are 10 and 3.
What is Super trend indicator?
Super Trend. The Super Trend indicator, is a trending indicator that can be used to identify if the price is in an upward or downward trend. If the price is above the line then it acts as a point of support, and if below the line it acts as a point of resistance:
How is supertrend calculated?
Step 1: Calculate the Upper and Lower SuperTrend Basic Bands