Which time frame is best for Supertrend?

Which time frame is best for Supertrend?

Best Timeframe to Use in Supertrend Indicator The lowest timeframe you should use is the 15-minute chart.

Is Supertrend good for intraday?

In Intraday trading, just plot 5 or 10-minute chart and initiate your position as per signal with strict Stop Loss. However, Supertrend is good enough for day trading and I suggest you use other technical indicators also along with Supertrend.

How do I use the Supertrend indicator for intraday trading?

How to Use Supertrend Indicator?

  1. Open the chart of a particular stock you want to trade.
  2. Fix the time interval of 10 minutes for the intraday trading.
  3. Insert the supertrend as your indicator.
  4. Now start tracking when the signals are in your favor.
  5. You can also follow the arrows for the signals to buy and sell the stocks.
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How do you prevent Supertrend false signal?

To summarize, using smaller parameters may have an advantage over using the default Supertrend parameters of 10,3 as it can give you more timely entries and exits, and using RSI(7) followed by Supertrend(5,1.5) gives us one way of eliminating the extra false signals that come as a result of lowering the Supertrend …

Which super trend is best for intraday?

Super Trend Indicator Setting The default values used while constructing a superindicator are………..for average true range(ATR) The best suitable value for Intraday trading would be 14 days and 2.1, 2.2 for its multiplier.

How good is Supertrend?

Like any other indicator, ‘Supertrend’ works best when used with other indicators such as MACD, Parabolic SAR, RSI, etc. “A ‘Supertrend’ also acts as a strong support or resistance and it also provides a trailing stop loss for the existing trade.

What is the best intraday strategy?

Best Intraday Trading Strategies

  • Momentum Trading Strategy.
  • Reversal Trading Strategy.
  • Breakout Trading Strategy.
  • Gap and Go Trading Strategy.
  • Moving average crossover strategy.
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How do you study Supertrend?

A super-trend indicator is plotted on either above or below the closing price to signal a buy or sell. The indicator changes colour, based on whether or not you should be buying. If the super-trend indicator moves below the closing price, the indicator turns green, and it signals an entry point or points to buy.

How do you study SuperTrend?

What are the supertrend indicator settings for intraday?

Supertrend Indicator Settings For Intraday. Supertrend is constructed with two parameters, the first parameter is the period and the second parameter is the multiplier. Period refers to the ATR number of days. The default value is 7, which means to say that the ATR value will be calculated for the last 7 days.

How to use multiple supertrends at a time?

You can use a single supertrend or multiple SuperTrend at a time. Here, to make the concept clear, we have listed some screenshot below: In order to change the settings, you have to go to the studies section, then click on the Supertrend indicator, you will get a small window like this.

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How do I use Super trend indicator in NIFTY live chart?

To use S.T. , you can follow these steps: Open the chart of a particular stock you want to trade. [ Nifty Live Chart with Super Trend] Set the time interval of 10 minutes for intraday trading. For that you can use any good charting software. Insert Supertrend as your Indicator.In addition, keep setting as 10 & 3.

How accurate is the Super trend indicator?

There’s no technical indicator which can be 100\% accurate and so is Super Trend also. It also generates false signals in the sideways market, though it gives lesser false signals as compared to other indicators. So you can combine Super Trend with other indicators to get better trading signals.