Hello everyone! My name is Harry from Indonesia. This is my first article, hope it can gives a little value for everyone. Every trader wants to be a consistently profitable trader. In order to achieve that, we try to improve our trading system to fit our personality, risk profile and also increase our winning chance. Maybe this Super Trend indicator can be alternative tool to profitable trade.
SUPER TREND FORMULA
After googling around, searching for Super Trend calculation, I found that Super Trend indicator using 4 variables : High, Low, ATR, and coefficient. The basic formula is :
Basic Upper band : (High + Low) / 2 + ATR x Coefficient
Basic Lower band : (High + Low) / 2 – ATR x Coefficient
TRADING RULE
Using Super Trend indicator is simple. You can clearly take position by seeing this chart. You can use it on any time frame. Example below using 1H chart.
BUY
Open Buy when price cross and close above the upper band
Close Buy when price cross and close below the lower band
SELL
Open Sell when price cross and close below the lower band
Close Sell when price cross and close above the upper band
THERE IS GOOD TIME, THERE IS BAD TIME
There is no perfect system or indicator. …
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