A Super Trend is a trend following indicator similar to moving averages. It is plotted on price and the current trend can simply be determined by its placement vis-a-vis price. It is a very simple indicator and is constructed with the help of just two parameters- period and multiplier.
Super Trend calculation;
Formula:
Supertrend Upper Line (RED line) = (High + Low) / 2 + multiplier × ATR.
Supertrend Lower line (Green Line) = ( High + Low) / 2 - Multiplier × ATR.
How to Use Supertrend Indicator ?
To use this Supertrend, you need to follow these steps:
Open the chart of a particular stock you want to trade.
Fix the time interval of 10 minutes for the intraday trading. For that you can use any good charting software.
Insert the supertrend as your indicator. With this you can also set as 10 & 3 and it is possible to insert your own setting as well.
Now start tracking when the signals are in your favor.
You can also follow the arrows for the signals to buy and sell
Super Trend calculation;
Formula:
Supertrend Upper Line (RED line) = (High + Low) / 2 + multiplier × ATR.
Supertrend Lower line (Green Line) = ( High + Low) / 2 - Multiplier × ATR.
How to Use Supertrend Indicator ?
To use this Supertrend, you need to follow these steps:
Open the chart of a particular stock you want to trade.
Fix the time interval of 10 minutes for the intraday trading. For that you can use any good charting software.
Insert the supertrend as your indicator. With this you can also set as 10 & 3 and it is possible to insert your own setting as well.
Now start tracking when the signals are in your favor.
You can also follow the arrows for the signals to buy and sell
