Supertrend is a trend following indicators. It works well in trending market.
A buy signal is generated when the Supertrend closes below the price and the color changes to green. On the other hand, a sell signal is made when the Supertrend closes above the price and the color of Supertrend turns red.
Para mas maliwanag ganito. Nagchachange ng kulay ang supertrend. Dalawang kulay lang yan. Green at red.
Red sell or don’t enter if wala ka pa. Green buy or don’t sell if meron ka na.
Everytime magchange ng color merong arrow so yung pag appear ng arrow yun yung indication either buy or sell. Pag may green arrow it means buy at pag may red it means sell. Subukan ninyong e plot at makikita ninyo ang green line at red line tsaka green arrow at red arrow. In short siya na mismo nagsasabi if buy or sell.
My personal setting is 14 (14 days) at 2.1 sa multiplier. Yung default kasi neto is 10 days at 3 sa multiplier.
Ang dapat tandaan sa pag gamit neto ay ganito. Di ito nagpepredict ng direction or pupuntahan ng stock. Ang trabaho nito ay papasukin ka once yung direction eh na establish na. I used PSE tools na chart dati. May Supertrend na indicator sila.(Now arbitrage has Supertrend Indicator )
Sa uptrend po ito gamitin na stock. If nais mo gamitin sa day trade my personal setting is 7(7 days) at 2.1 as multiplier. Ang timeframe ko either 15 minutes or 5 minutes.
To dig further sa idea ng SuperTrend kindly visit Traders Lounge’s Facebook Group and look for Supertrend sa weekly lesson.
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