![]() ![]() It works well in a trending market in addition to volume-based indicators, but might give false signals when the market moves sideways, experts said. Like other indicators, Chavan said this indicator also needs to be used in conjunction with other tools such as the 'Primary Trend', 'RSI' and 'Parabolic SAR' in order to get filtered signals. In a ‘buy’ signal, any dip towards the indicator can also be used as a buying opportunity and vice versa," said Chavan. “A ‘Supertrend’ also acts as a strong support or resistance and it also provides a trailing stop loss for the existing trade. Like any other indicator, ‘Supertrend’ works best when used with other indicators such as MACD, Parabolic SAR, RSI, etc. ![]() ![]() A ‘Supertrend’ indicator can be used on equities, futures or forex, and also on daily, weekly and hourly charts as well, but generally, it fails in a sideways-moving market. ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |