Dear friend,
💥💥Learn Advanced Supertrend Setup and Indicator Settings in 15 Mins! 💥💥Hidden treasure of Pro Traders and very profitable technique. This can be applied. Look for Supertrend down, wait for stochastic to go past 80 (overbought) and price to make action as if it is going to cross down again. So there are two ideas on how to get started trend trading or scalping forex with Supertrend. Of course, you’ll need to do some training in order to use the Supertrend Indicator effectively. Forex Education SuperTrendFx. As the name suggests, the Supertrend indicator, like moving averages and MACD, is an indicator for trend tracking. Supertrend indicator is determined by price, and its values determine the current trend. It is easy to use and gives an accurate idea of the current trend. This tool can be used on futures, Forex, and stocks.
I hope you're sitting down.
Because this is a fascinating story about the rise of fame of the most amazing (in my opinion) trend indicator of all time.
And how today will go down in history as the date this astonishing indicator gets 3X better. With increased accuracy, increased usefulness, and more...
Supertrend Indicator Calculation
You see...
The indicator I'm talking about is called Super Trend. And you know why tens of thousands of traders - from forex to stocks to futures - consider it the #1 trend indicator of all time?
Because it kicks ass. Yes, it really does: Super Trend lets you ride the trend to the very end for easy, easy profits. Thanks to its ingenious algorithm that literally forces you NOT to exit prematurely.
But...
I believe we can make Super Trend even better. You see, the traditional Super Trend indicator uses the standard Moving Average as its backbone.
And while the standard Moving Average is useful, it's also LAGGING (and even severely lagging under certain market conditions).
That's why we set out to completely overhaul the Super Trend indicator.
Our goals: Increased accuracy, increased versatility, and most importantly, LESS LAG.
Now, 3 months later, I'm super excited to announce: WE DID IT.
Introducing our brand-new, amazing:
Versatile Super Trend indicator
This indicator is incredible. Check this out:
+ The Versatile Super Trend indicator lets you define a CUSTOM Moving Average to use in its core engine. You can choose from 10 different types of Moving Average.
Supertrend Indicator Download
Simple Moving Average (SMA),
Exponential Moving Average (EMA),
Smoothed Moving Average (SMMA),
Linear Weighted Moving Average (LWMA),
Exponential Moving Average (DEMA)
Triple Exponential Moving Average (TEMA),
Kaufman's Adaptive Moving Average (KAMA),
Jurik's Moving Average (JMA)
Hull Moving Average (HMA)
Least Squares Moving Average (LSMA)
Tillson Moving Average (T3)
Just WOW, isn't it?
+ The Versatile Super Trend indicator gives you an alert immediately when it detects a new trend:
Pop-up notification in your MT4.
PUSH notification.
Email notification.
Now, let's see the Versatile Super Trend indicator in action (using different types of Moving Average):
Supertrend Indicator Tos
Versatile Super Trend (with Tillson Moving Average)
You may have seen the Supertrend Indicator appearing in Forex charts. It’s a great Forex indicator and you can actually make some money with it alongside a solid risk management plan. Using the Supertrend Indicator will give you a real advantage over your competition. You’ll be able to spot major trends starting and it will help guide you into making big money trades. Suptertrend is one of the best indicators of large-scale trends you’ll ever see. A lot of people are using the indicator and they are seeing some pretty good results. So, there are certainly people making a living just by utilizing the trend direction you see with Supertrend.
Here are 2 tips to getting you started with Supertrend right away.
Trading the Trends
You can see easily on the charts an overall direction of the price by using Supertrend. When it crosses over then price has shifted more to the buy or sell side overall. At this point you can begin to follow a trend for trading.
Trend trading is by far one of the most popular ways to trade. As opposed to picking bottoms and tops, you are looking to piggy back momentum with the current direction. Follow the patterns that most trend trading experts do. Higher highs and higher lows or lower highs and lower lows.
Once Supertrend crosses into a new direction then be on the lookout for a new low or high forming. At this point you can decide whether there is sufficient momentum in the price to warrant going long or short with the new trend. Of course you need to use stop loss in case the analysis has not been correct, but keep these small and you should begin to win overall.
Scalping Supertrend with Stochastic
Another great thing about the Supertrend Indicator is that it’s extremely easy to read and shows you what direction the overall bias is on the chart. You don’t need to be an expert trader to be able to follow what it’s telling you and understand what is going on in the market.
With this in mind you can scalp forex using a stochastic and Supertrend. The idea is that when the stochastic hits what is said to be an oversold or overbought level, which is opposite to the direction Supertrend is saying to trade, then you can look to go long or short when stochastic crosses up or down. A good stochastic setting for this is 8,3,3.
When Supertrend is saying direction of trend is up, wait for stochastic to cross down below 20 (which is said to be oversold) then look for price to head higher and possible stochastic crossing up. Use the low as a point to place you stop loss under, and never get greedy – take profits.
The reverse of this is exactly the same for selling short. Look for Supertrend down, wait for stochastic to go past 80 (overbought) and price to make action as if it is going to cross down again.
So there are two ideas on how to get started trend trading or scalping forex with Supertrend.
Of course, you’ll need to do some training in order to use the Supertrend Indicator effectively. When you have a basic understanding of the indicator, you will be able to make more accurate decisions. With the increased accuracy, you will be able to make some great trades and even make some big profits. This is the best way to make sure you can use the indicator correctly.