Supertrend is a rather simple indicator. The Buy and Sell signal develops as soon as the indicator flips over the closing price. When the Supertrend closes below the Price, a Buy signal is generated, and when the Supertrend closes above the Price, a Sell signal is generated.
Supertrend is a trending indicator, and like all trending indicators, it works well in trending markets (in uptrends and downtrends). There’s nothing certain in Technical Analysis so is Supertrend also; as it does give misleading signals in sideways trends. However, it does give lesser false signals than a lot of other indicators and therefore if you are a day trader who wants to use indicators as part of your trading tactics, you definitely want to use Supertrend in your trading arsenal.
1.0.1 (July 4, 2020) - Fixed: conflicts during importing the assembly 1.0.0 (June 12, 2020) - Released
You must log in and be a buyer of this item to submit a review.