Which Supertrend Indicator is the best?

The best Supertrend Indicator is the one that aligns with your goals and trading styles. For instance, if you plan to day trade, a 10-2 Supertrend Indicator, with 10 as the period and 2 as the multiplier, makes sense. The best Supertrend Indicator for scalping is the 5-1.2 one, with five being the period and 1.2 being the multiplier.

Is Supertrend a good indicator?

The Supertrend is a reliable indicator, especially if you are into crypto trading. It works well as it takes volatility into consideration and even combines the same with trend identification. This indicator also helps you size your positions by locating flexible stop-loss levels. However, like any other technical analysis tool, you should pair it with other indicators.

What is Supertrend 7 3?

>The Supertrend 7 3 is a specific indicator setting where 7 stands for the period associated with the calculation and 3 stands for the multiplier. As the period is shorter and the multiplier is on the higher side, it is safe to infer that this is a setting meant for adaptive trading where the price sensitivity is on the lower side. The idea is to use it for short-term trades.

What is the success rate of Supertrend?

The success rate of the Supertrend Indicator is subjective and dependent on the timeframes, market conditions, and trading skills. While it is hard to quantify the success rate, it takes trends and volatility into account, making it one of the best tools for technical analysis. The overall breadth of the market can also impact the success of the Supertrend Indicator.

What is the 1-minute Supertrend strategy?

The 1-minute Supertrend strategy is the one seasoned traders use for scalping. The idea here is to use the indicator on a 1-minute chart. The preferred setting, in this case, is 5 period and 1.2 multiplier — a setting that focuses on a very short-term trading horizon and is highly sensitive to short price spurts.

Is SuperTrend leading or lagging?

Based on how it is calculated, Supertrend is a lagging indicator. It takes the closing prices of the candles over a given timeframe, which is also defined by the period and the ATR length. As it follows historical price moves, it is more of a trend identifier and doesn’t directly predict prices. For a comprehensive market analysis, you might want to pair it with other technical indicators.

What is the double SuperTrend strategy?

The double SuperTrend strategy is all about using two Supertrend indicators with different settings. The idea is to track each indicator for bullish and bearish signs. If both the Supertrend lines are green, it might be a good time to enter a buying position. The same holds even for exiting price action and initiating short trades.