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Supertrend

Supertrend + Hashribbons Showing a Long Term Trend for BTCIn this Video we discuss all the criteria I'm looking at right now for a bitcoin long position. This includes: - Hash ribbons smashing all time highs again after looking fairly weak a few days ago. - Supertrend AI Indicator looking like it's giving a decent trending signal after the last few months of sideways action and traps. - VWATR Bands expecting a retest/reclaim of the line after losing it(And why). - And general structure looking a lot better for bitcoin. Thanks and have a great day :)
by Hamilton_Gilpin
How to Use the Supertrend Indicator to Day Trade CryptoOne of the first pieces of advice given to new traders is to “trade with the trend.” That’s where a simple yet effective indicator known as Supertrend comes in. This tool can help you identify and get in early on emerging trends. Therefore, it has found significant popularity amongst crypto day traders. In this article, we’ll take a closer look at the Supertrend indicator, discussing its signals, the best Supertrend settings, and four strategies you can get started with right away. What Is the Supertrend Indicator? The Supertrend indicator is a technical analysis tool designed to help traders identify and follow market trends. It’s a lagging indicator that can be used to develop comprehensive trend-following strategies, assisting traders in spotting reversals and the start of new trends. Supertrend incorporates a volatility metric called average true range (ATR) into its calculations and is plotted with a single line overlaid on the chart. This line represents the trend direction. When price is above the Supertrend line, the line will turn green to signal bullishness. Conversely, when price is below the Supertrend line, the line will turn red, so the market is considered bearish. The indicator’s signals are simple and effective in trending markets but can be incorrect in ranging markets, meaning it’s best to seek extra confirmation before considering entries. Supertrend Indicator: Formula and Calculation The Supertrend indicator is calculated using two key components: ATR and a multiplier. The ATR measures the overall price range of an asset, offering an indication of its volatility. The multiplier allows traders to change the sensitivity of the indicator. The formula for the Supertrend indicator is as follows: Upper Supertrend Line (Red) = (High + Low) / 2 + (Multiplier x ATR) Lower Supertrend Line (Green) = (High + Low) / 2 - (Multiplier x ATR) The default settings for ATR and the multiplier are typically 10 periods and 3, respectively. A shorter ATR will give more weight to recent price action, while a longer ATR will smooth out values. However, changing this value won’t have as much bearing on the indicator as the multiplier. By moving the multiplier up or down, traders can adjust the Supertrend’s sensitivity. A lower multiplier increases the number of overall signals and false signals while allowing for a tighter stop loss. A higher multiplier will generate fewer entries and false signals, often at the cost of a wider stop. Identifying Trade Signals The Supertrend indicator offers fairly simple buy and sell signals, determined by observing the relationship between the price and the line. Buy signals occur when price crosses above the Supertrend line. In this scenario, the Supertrend line often acts as a dynamic support level, which could be an ideal entry point for a long position. The bullish trend is considered intact as long as the price stays above the Supertrend line. Sell signals are generated when price falls below the Supertrend line. Similarly, the Supertrend line acts as a dynamic resistance level, which may be a suitable entry point for a short position. Traders can maintain their short positions if the price remains below the Supertrend line. How to Use the Supertrend Indicator for Crypto Trading The indicator can be applied to various timeframes, from intraday charts to daily and weekly charts. However, shorter timeframes, such as the 5-minute or 15-minute charts, are more common for day trading, as they offer more frequent trading opportunities. What Are the Best Supertrend Settings for Crypto Trading? But what Supertrend settings are optimal for crypto trading? In truth, there is no one-size-fits-all setting. Generally speaking, the theory says it’s best to keep the ATR value somewhere between 10 and 20 since this will provide a good mix of sensitivity to recent price action and smoothing. As for the multiplier, the standard factor of 3 is suitable. Some traders may prefer to adjust it to 4, 5, or 6, to account for crypto volatility, although this may lead to a reduced risk/reward ratio. Ultimately, the best settings will depend on market conditions and the crypto asset you’re trading, so it’s wise to experiment to find your optimal configuration. Supertrend Indicator Settings for Crypto Intraday Trading For intraday trading focusing on short-term price movements, you could consider adjusting the Supertrend settings to increase sensitivity to price fluctuations. One possible configuration is to use a multiplier of 2 and an ATR period of 10. This setup can help identify more trade signals and adapt to rapid market changes, allowing traders to enter and exit within a few minutes or hours. Supertrend: Best Settings for Crypto Swing Trading Given that swing trading typically involves holding positions for several days or weeks, swing traders may prefer to adjust the settings slightly higher. This will offer a clearer reading of the broader trend. The ATR can be set anywhere between 10 and 20, while a multiplier of 5 will reduce the number of false signals. Trend-following swing traders may also benefit from setting a bias using the Supertrend on the 4-hour or daily charts and then using the hourly chart to enter trades. It’s not uncommon for an asset to range on the hourly chart and whipsaw above and below the Supertrend while remaining bullish or bearish on the higher timeframes. This can help to avoid confusion when the market ranges. How to Create an Effective Supertrend Indicator Strategy for Crypto Trading Now that we have an idea of what the Supertrend indicator is, how it works, and the best settings to use, we can begin to formulate some strategies. If you want to test them for yourself, you can try our free TickTrader platform at FXOpen. There, you’ll find the Supertrend indicator and dozens of other technical tools waiting for you to use. 1-Minute Supertrend Scalping Strategy Using the 10-period ATR and 2-factor multiplier mentioned, we can create a 1-minute Supertrend crypto scalping strategy. Entry: When the line turns green/red, we can enter with a long/short market order as the candle closes. Stop Loss: Above or below the nearest swing high/low, depending on the direction of the trade. Take Profit: You can close the trade when Supertrend switches to another colour. As seen in the example, this provides traders with some decent scalping opportunities to enter early with relatively tight stop-loss levels. Double Supertrend Strategy This strategy uses two Supertrends with different settings to reduce the number of false signals. It aligns the more sensitive Supertrend’s signals with a less reactive version while still allowing for relatively tight entries. Requirements: A fast Supertrend with lower settings (blue and orange) – default 10-period ATR and 3-factor multiplier is suitable. A slow Supertrend with higher settings (green and red), like 20 and 7. Entry: The fast Supertrend will typically precede the slow Supertrend, so observe the fast signals and wait for the slow lines to confirm the direction (both should show either bullish or bearish). Traders can enter with a market order once confirmed or wait for a retrace to the slow Supertrend and enter with a limit order. Stop Loss: Above or below a nearby swing high/low depending on the trend direction. Take Profit: You can close the trade when the slow Supertrend signals a change in direction. In the example shown, we can see that while the faster Supertrend switches back and forth between bullish and bearish, our strategy stays aligned with the stronger overall trend, allowing us to capture the bulk of the move until it reverses. 3 Supertrend Strategy This strategy seeks extra confirmation using three Supertrends and an exponential moving average (EMA). The EMA helps us classify the trend in another way (above = bullish, below = bearish). Simply put, we wait until all three align before considering an entry. Requirements: Three Supertrends with varying settings. We’ve used 10 and 2, 20 and 4, and 30 and 6. You’ll also need a 200-period EMA. Entry: Wait until all three Supertrends are green and price is above the 200 EMA for a long entry, and vice versa, to enter with a market order. Stop Loss: Above or below a nearby swing point. Take Profit: You may close the trade when all three turn red if bullish or green if bearish. While this strategy won’t offer many entries throughout the day, it can help traders jump on trends with strong confirmation. Relative Strength Index (RSI) Supertrend Strategy While the relative strength index (RSI) is best known for its ability to spot overbought and oversold conditions, it can also help us confirm trends. The midpoint (50) is regarded as the defining boundary, with action above indicating bullishness and below demonstrating bearishness. Here, we’ve also increased the Supertrend multiplier to 5 to get a clearer picture of the trend. Requirements: The default RSI with 14 periods and the Supertrend with a length of 10 and multiplier of 5. Entry: When Supertrend gives a bullish or bearish signal, confirm that RSI is above or below 50, depending on the direction. If both line up, traders may enter with a market order. Stop Loss: Above or below a nearby swing point. Take Profit: You can close the trade when the Supertrend switches or if RSI is reading above 70 or below 30, indicating extreme overbought or oversold conditions. The added benefit of using RSI means that traders can anticipate trend reversals when the indicator reads overbought or oversold or when divergences appear, allowing for some predictability as to when the Supertrend might switch. Stochastic Supertrend Strategy The stochastic indicator is similar in principle to RSI, helping traders spot overbought and oversold conditions. However, it frequently flashes these signals, offering us a way to confirm Supertrend signals and entries. Requirements: The default stochastic indicator, with settings 14, 1, and 3. Set the Supertrend to a multiplier of 5. Entry: After the Supertrend signals a certain direction, wait for the first time Stochastic reaches below 20 if bullish or above 80 if bearish to enter with a market order. Avoid trading if it’s not the first time. Stop Loss: Above or below a nearby swing high or low. Take Profit: You may close the trade when Supertrend changes colours. The Stochastic indicator allows traders to identify areas where the market is likely to reverse and, when combined with Supertrend, can assist us in finding optimal entries with strong confirmation. The Bottom Line In summary, the Supertrend indicator is a versatile tool that can help traders capitalise on new trends with fairly simple entry and exit signals. While it can produce false signals, particularly in ranging markets, the strategies described should help you filter out some of these losing trades. Moreover, these strategies aren’t exclusive to crypto; you can apply and adjust them to any market you see fit, including forex, commodities, and stocks. If you’re thinking of implementing these strategies, you can open an FXOpen account. You’ll be able to access over 600 markets in the highly customisable TickTrader platform alongside low-cost trading and tight spreads. Just complete the signup process to get started. Good luck! *At FXOpen UK and FXOpen AU, Cryptocurrency CFDs are only available for trading by those clients categorised as Professional clients under FCA Rules and Professional clients under ASIC Rules, respectively. They are not available for trading by Retail clients. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
BITSTAMP:BTCUSDEducation
by FXOpen
7
EUR/USD: Potential Short Trading OpportunityEUR/USD Daily EUR/USD tested the 200-Day Moving Average at 1.0802 on Wednesday. Our team expect the pair to remain under pressure, because: - The SuperTrend Indicator shows strong downtrend - The price is below the psychological zone 1.0900 and the resistance level 1.0930 SUGGESTED TRADE: SELL EUR/USD - If the price close under the 200-Day Moving Average and under the psychological zone 1.0800 - SELL EUR/USD ENTRY - around 1.0780 after daily candle close under the 200-Day Moving Average and 1.0800 SL - 1.0940 TP1 - 1.0645 TP2 - 1.0533 Client Sentiment: Retail trader data shows 61% of traders are net-long. We typically take a contrarian view to crowd client sentiment, and the fact traders are net-long suggests EUR/USD prices may continue to fall. Traders are further net-long than the last week, and the combination of current sentiment and recent changes gives us a stronger EUR/USD-bearish contrarian trading bias. Please, Support Our Work with Like & Comment! Thank You!
Short
by ForexWithTsanev
Visualizing Stochastic energy for perfect entriesThe stochastic RSI has always been a problem tool for me because of its clunky look erratic lines and the way it seems l....r each other and sometimes it doesn't. I've always felt like the stochastic RSI had these energy waves built into it that we weren't able to see because if there's an uptrend of the stochastic then there has to be an equal or greater downtrend of energy pushing it in the other direction but what if there isn't more than that energy and what if this is a perfect balance between the two energies. This would imply that either that there's a divergence of the energy related to how price is closing or there is a pause in the energy because they're balanced between the two and of course that means your price will pause and run flat as well. In this video I talk about the proper way to use this new indicator and the way you used to use the stochastic RSI. Using the information as video and the images that I plot out on the screen you'll be able to see when you should do you should enter trades long or short and why you need to know where your support and resistance lines are as well as whether you're breaking above or below your moving averages. Let this video be a first class tutorial on perfect trades using a stochastic RSI but like all other indicators you cannot use it by itself make sure that you have confluence on your price chart. PS as always welcome to the coffee shop.
Education
by CoffeeshopCrypto
13
STXUSDT HIT HIS FIRST TAKE PROFIT "Based on my analysis, I believe STAX (STX) has strong potential for SHORT term growth. I recommend considering SHORT position with a buy entry point at . My target for taking profits is at . Please note that investing in cryptocurrency involves risks and it's important to do your own research and make informed decisions. #Ethereum #Crypto #Investment" Remember to always provide a disclaimer that investing in cryptocurrency carries risks, and it's crucial for individuals to conduct their own research and make informed decisions based on their own risk tolerance and financial situation. Additionally, please make sure to comply with any applicable laws and regulations related to financial advice or investment recommendations in your region.
Short
by brayanboudaa03
my scripsi have made or altered the showing scrips. TDI on top with minor and major shark fin alerts EMA cross and altered mid line cross alert. mid has two verry modified scrips First is Two BB 200 and 30 EMA or SMA with alerts and channels and KC channel pull backs crosses and exits for varying uses and William's vix fix highlights and 5 ema's engulfing candle with rsi filter and super trend some are not show or turned off but are available Second is SMC intraday and swing trading liquidly zone FVG MTF Daily weekly and monthly high and lows and support and resistance and trend lines breaks and alerts Bottom is stochastic momentum lots of level alerts and cross alerts and high lights if you want any of this pack just IM and ask i can also extract any part and make a isolated script version for you also have a MTF KJD and PSAR Oscillator
by phelpscorey85
$STORJ - A Supertrend Entry$STORJ showed a nice upward trend on supertrend indicator. I am not a fan of indicators but this one has been giving a clear entry and exit levels I tried it on different assets. Also you can see the liquidity sweep of orders block right at the levels of supertrend before price took an upward movement. All in all $STORJ is giving a bullish signal for next few days as can be seen on Weekly TF. I have taken Entry @0.52, and I will exit half at Median limit if everything goes well and rest at Upper limit.
Long
by Dkhantastic
2
T - Price Targets & Stop Loss📈 What’s up investors! 📉 Welcome back to another one of 💡“Mike’s Ideas”.💡 I post as I find signals… these signals are based on the personal rules I have built and follow in order to make up what I call the “SST Strategy”. Follow for more ideas in the future!! I have 4 levels marked and colour coded on the Chart. These levels are: ⚪ White = Entry Point 🔴 Red = Stop Loss 🟢 Green = 1.2:1 Risk Reward Ratio 🟡 Yellow = 1.5:1 Risk Reward Ratio 🔵 Blue = 2:1 Risk Reward Ratio 👀 So what are we looking at today…!!! 🚨( T ) AT&T Inc.🚨 Provides telecommunications, media, and technology services worldwide. Its Communications segment offers wireless voice and data communications services; and sells handsets, wireless data cards, wireless computing devices, and carrying cases and hands-free devices through its own company-owned stores, agents, and third-party retail stores. It also provides data, voice, security, cloud solutions, outsourcing, and managed and professional services, as well as customer premises equipment for multinational corporations, small and mid-sized businesses, governmental, and wholesale customers. In addition, this segment offers broadband fiber and legacy telephony voice communication services to residential customers. It markets its communications services and products under the AT&T, Cricket, AT&T PREPAID, and AT&T Fiber brand names. The company's Latin America segment provides wireless services in Mexico; and video services in Latin America. This segment markets its services and products under the AT&T and Unefon brand names. The company was formerly known as SBC Communications Inc. and changed its name to AT&T Inc. in 2005. AT&T Inc. was incorporated in 1983 and is headquartered in Dallas, Texas.
NYSE:TLong
by sststrategy
RSI Supertrend Moving average in Heiken Ashi Algo OscillatorDownload this Oscillator Free: My Tradingview Profile: www.tradingview.com Welcome to the coffee shop everyone this is your host and baristo Eric, You know what we do around here so pull up a seat at the table and get ready for your caffeine overdose . I am happy to say that as of today we are at the final stage of development basically on The Heiken Ashi Algo Oscillator. It has proven to be a very powerful tool, very popular,, and very easy to use. up until now I have basically been showing you what all the parts do and what they mean because I figure you can't necessarily use a tool unless you know what it's settings are for. NOTE ABOUT SUBTITLES: I really believe that this new update will be a scalper's wet dream when it comes to being able to sit there and stare at your chart watching the oscillator and waiting for a break in the trend so that you can stay in your trade or you can exit your trade. That being said this being the final development that needed to be done with this oscillator, any videos that you see related to the algo from me are going to be strategy videos. So let's get into the final change that I have just made and uploaded to Tradingview. The final change as of right now is that the RSI Moving Average is now a colored line. It appears red when your average on your RSI is trending down (lower values) , and green when it is trending up (higher values). It also takes into consideration the momentum of the trend so it will not effectively change colors until the previous momentum is lost and volume has changed enough to the opposing side. For example you could have heiken Ashi candles traveling flat on your RSI but you're RSI moving average is still red. It will not change to green until the momentum starts moving the opposite way. So not only will you know that the previous momentum is lost but you will also know when it changes direction. As you know in the previous update to the RSI and the RSI moving average have a trend Cloud that appears behind it which switches from red to Green evenly. However there is a third black color that appears from time to time in that Trend cloud. This black color means a loss of momentum. Trend Cloud Meaning: Trend Cloud (Black) = No Momentum and Volume Trend Cloud (Green) = Bullish Momentum and Volume Trend Cloud (Red) = Bearish Momentum and Volume Price will run flat if: If the Trend cloud is Back, while the RSI Moving Average is green, you have lost momentum to the upside. If the Trend cloud is Black, while the RSI Moving Average is Red, you have lost momentum to the down side Trend is changing direction If: Trend cloud was one color but slowly blended to opposite color without changing into a back color. Now with the RSI, moving average being able to switch between colors you can tell when the new trend has started or the old trend has restarted because, just because there was a loss in momentum of the previous Trend doesn't mean it's just going to switch the other way and it doesn't mean that it's going to continue the same way however the moving average will tell you what it's doing along with the trend cloud. If you were previously in an uptrend and then you get a black cloud Showing behind your candles you know that you have a loss in momentum. If you look at your moving average, you will see that it will switch to the opposing color however if it then switches back to the original color then all you had was a pause in your Trend and is going to continue the same way it was going before. Iif the moving average has switched colors when the trend Cloud went to Black and the moving average stays that second color you know that your trend has changed Direction. The RSI Formula explained: Trading Like the Banks Do: Trading Trendlines: Using Support and Resistance Alerts to draw trendlines Range Trading with the Heiken Ashi Algo Setting Alerts on the Heiken Ashi Algo Oscillator
Education
by CoffeeshopCrypto
5
Just freedom do matter right now, but EURUSD is consolidating! I apologize to all who were expecting just a financial analysis. EURUSD may consolidate between two zones, LONG positions is suggested over the red zone and SHORT ones under the green zone. Taking advantage of ranging markets is possible in LTF. Internet is not reliable in Iran, I'm not sure if I even post in near future again. Also, I can't be in office and checking markets while my compatriots are being killed on streets! If your news sources telling you this is a protest against "morality police", they are right but they are not telling you all the story. This is even more than a revolution, This is a war for women rights, basic human rights, freedom and democracy. one another point. 3 years ago, IRGC and other criminals in uniform killed at least 1500 Iranian who were just defending their basic rights with bare hands. Every day the world forgets more than yesterday what goes us through our peaceful protests. This is a war against a dangerous dictator who support terrorism. World recognized neither ISIS nor the Taliban but the IR president who have ordered execution of thousands in his 20s, did give a speech in UN! He is not our president. DO some thing for IRAN.
by AliSignals
6
Is the Pound Dollar flipping bullish?Could we be nearing a bottoming range for the GBPUSD chart? We've been downtrending for a year and 2 months however we can see that the RSI is failing to put in new lows, this could be suggesting that we are well overdue for some bullish price action or at least a relief rally. Let's keep an eye on this chart and see when our Supertrend flips green as its historically been a great indicator for detecting shifts in mid to long-term trends.
G
by BlackBull_Markets
BTC/USD 1hr. Backtest Strategy (1yr). 342% return (308trades)New idea to filter out false trades. Everybody knows the supertrend ATR. However combining the VIDYA value with the trend timing of Nadaraya Watson estimator, it takes the supertrend to the next level. Overall with proper settings, it makes fewer trades with a greater average win per trade and a super high Risk to Reward. I have yet to try and trade this system manually BUT will elaborate further in the future. On the lower time frames, the supertrend is known to signal quite alot of trades. Too many for some traders. This backtest is with a flat 1.0 lots per trade over the last year. Max drawdown was 4.1% with the average trade of 1.91%! Very simple but effective. . More to discuss soon.
OANDA:BTCUSD
by Neev3009