1. What Is Supertrend?
Supertrend is an ATR-based trend-following indicator. Green indicates an uptrend; red indicates a downtrend.
2. Settings
- Period: 10 (default)
- Multiplier: 3 (default)
- Conservative: Increase the multiplier (4–5).
- Aggressive: Decrease the multiplier (1.5–2).
3. Trading Strategy
📊 A Simple Strategy
Turns green: Buy (enter a long position).
Turns red: Sell (enter a short position).
More effective when the trend is strong. Frequent false signals occur in sideways markets.