Supertrend Indicator Strategy

Have you ever faced this dilemma, you've screened a nice stock but you don't know when to buy or you've been holding on to the stock for a while but you can't figure out when to sell. Then you definitely need to use this technical analysis tool called Supertrend.

With Supertrend you can identify trends and possibly buy and sell signals. This indicator works best when the markets are either moving up or down and it can be used on various time frames, from short-term intraday trading to long-term investing.

This is how you can use Supertrend indicator on any of the stocks in your watch list. Basically, it plots a line on the price chart which acts as a dynamic level of support or resistance. This can help you identify entry and exit points. When the price is above this line the market is considered to be trending upwards signal ling a buying opportunity.

Conversely when the price is below the line the market is trending downwards, indicating a sell opportunity. A change in the Supertrend line from below to above the asset price or vice versa might signal a trend reversal. This opportunity could be used to take long or short positions.

To use this indicator, follow these steps:

1. Go to my watch list, under the watch list tab choose your desired stock or index.
2. Here you can see the chart of this stock on the right. Then click on “fx” to add the indicator.

Type Supertrend and click on it and that's all.