Best Supertrend Strategy & Indicator (2024)

Super trend is a simple yet powerful trading strategy that can be used on any timeframe and in any market. The basic idea behind the super trend strategy is to buy or sell when the price crosses above or below a moving average.

Supertrend Indicator : How to use for Intraday trading?

The moving average can be set to any length, but the most common setting is 21 periods. The super trend strategy can be used as a standalone system or it can be combined with other technical indicators to create a more robust trading system. For example, many traders use the super trend strategy in combination with support and resistance levels.

Best Supertrend Indicator

Best Supertrend Strategy: A Complete Trader’s Guide

To trade the super trend strategy, you will need to set up a chart with the following indicators:
Moving Average: Set to 21 periods

Bollinger Bands: Set to 2 standard deviations

Once you have your chart set up, you will want to look for instances where the price crosses above or below the moving average. If the price crosses above Better Volume the moving average, you will want to buy. If the price crosses below the moving average, you will want to sell.

You can exit your position when the price crosses How to Use the Supertrend Indicator to Day Trade Crypto back across the moving average. Stop losses can be placed below support levels or above resistance levels.

Best Supertrend Settings for 1 minute chart

This strategy can be used in any time frame, but is most commonly used on the 1-hour chart. The Supertrend Strategy works by combining both price and volume data to generate buy and sell signals.

supertrend indicator best settings

To trade using the Supertrend Strategy, first identify the overall trend using a longer time frame chart, such as the 4-hour or daily chart. Once the overall trend has been established, switch to a 1-hour chart and apply the Supertrend indicator. The indicator will generate a buy signal when the asset is in an uptrend, and a sell signal when the asset is in a downtrend.

How to Trade Using the Supertrend Strategy?

The Supertrend Strategy is a simple yet effective trend following strategy that can be used to trade a variety of markets.

The basic premise of the strategy is to buy when the price is above the Supertrend line and sell when it is below. There are a few variations Central Pivot Range of the Supertrend Strategy, but the most common one uses a moving average as the base line.

The moving average can be set to any length, but 10 periods is the most common setting. Once you have your moving average set, you will need to calculate the ATR (Average True Range). The ATR will give you the volatility of the market and will help you set your stop loss levels.

3 Major Supertrend trading strategies

There are many different ways to trade the Supertrend indicator, but here we will discuss three of the most popular and effective strategies.

How to Trade Using the Supertrend Strategy

The first strategy is to use the Supertrend as a trend following tool. This means that you would only enter trades in the direction of the overall trend, as indicated by the Crude Oil indicator. This can be a very effective way to trade, as it can allow you to capture some big moves in the market.

Double Supertrend Indicator strategy

The second strategy is to use the Supertrend as a mean reverting tool. This means that you would look for trades in the opposite direction of the indicator, betting that prices will eventually revert back towards the mean. This can be a very effective strategy in markets that are range-bound or choppy.

The third strategy is to use the Supertrend as a breakout tool. This means that you would look for breakout signals when prices move outside of the indicator’s range. This can be an effective way to trade if you are able to identify strong breakouts with good momentum behind them.

3 supertrend strategies are here:

  • Pin bar and supertrend indicator strategy
  • Trendline and supertrend trading strategy
  • Triangle patterns and supertrend strategy

Importance of Supertrend indicator in a Trading Strategy

The Supertrend indicator is a very useful tool for traders because it can help them to identify trends and make better trading decisions. The indicator is also helpful in identifying trend reversals.

Some of the benefits of using the Supertrend indicator are:

  1. It is easy to use and understand.
  2. It can be used in all timeframes.
  3. It is not affected by market noise or false signals.
  4. It can be used in any market conditions – ranging, trending, or choppy markets.
  5. It can be used with other technical indicators to confirm signals.

Supertrend Chart settings for swing trading

Supertrend Trading strategy 3

The Supertrend Trading Strategy 3 is a simple trend following strategy that is based on the well-known Supertrend indicator.

The basic idea behind this strategy is to buy when the Supertrend indicator is pointing upwards and to sell when it is pointing downwards. Furthermore, the strategy also includes a stop-loss and take-profit level which are placed at 1 ATR below/above the entry price respectively.

This strategy can be used on any time frame from 15 minutes upwards and works best in trending markets. In order to find trending markets, you can use a longer time frame such as 4 hours or even daily.

Supertrend Chart settings for swing trading

When applying this strategy, make sure to use risk management techniques such as placing stop losses and taking profits at pre-determined levels in order to minimize your losses and maximize your profits.

The bottom line Supertrend can be used as a standalone indicator or as part of a larger trading system. The bottom line is that the Supertrend indicator that can help traders make better decisions about when to enter and exit trades.

Double Supertrend Indicator strategy

What is the best timeframe to use Supertrend?

The best Supertrend strategy is one that takes into account all of the available information and carefully evaluates the risks and rewards before entering a trade. By using this approach, traders can maximize their returns while minimizing RSI their risk exposure.

Although it may take time to master this technique, once you understand how it works, you can begin to use it with confidence and potentially achieve positive results in the stock market.

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