Supertrend is a nice indicator. Have you tasted it with other indicators such as EMA and slow stochastic.
Supertrend indicator is more successful in a volatile market. What has been your experience now.
It is very simple. The 5 mint candle should break the supertrend indicator support and using 20 EMA and stochastic overbought level near 60-80 helps remove some noise from it. It gives few very accurate signals.
Supertrend indicator is not available everywhere. I use traderscockpit...
I am analysing a signal.
Trade set up :
1. Supertrend 5 Mint tick
2. 20 EMA
3. Slow stochastics
Sell when 5 Minute bar convincingly breaks the supertrend support and 20 EMA. Slow stochastic should be close to oberbaught.
There was a fine trade today in Nifty today...
It's great to hear from all of you. I am posting a technical chart of nifty. Combining supertrend indicator with moving average crossover can give great results. Just see the picture of Infosys limited.
I have used following system:
12 days and 20 days moving crossover and...
Looking for Doji symbol can give many times powerful trend reversal signals. The presence of doji after a sustained uptrend and downtrend can often mark the indecision of participant traders. But it is better if it is on the upper or lower bollinger band.
It will avoid false signals...
Will Mahindra and Mahindra Go Downward: General Trading chat
I have tried a trading system on traderscockpit. It is as follows:
1. Broken down the support of Supertrend Indicator
2. Should be at the upper Bollinger band.
3. Below the 20 days moving crossover.
My interest area is trend reversal and candlesticks. I am also a great admirer of fundamental analysis which everybody should study.
Here I want to discuss Doji which can be a powerful indicator trend reversal as well. :lol:
In most of the cases Doji has correctly marked the change of...
Dear fiends, ed to stay active on this forum as you guys are really smarter and we can add little knowledge from everybody.
I was ardent fan of fundamental analysis and things like support.resistance, pivot and candlestick was quite disdaining word for me. I passed my CFA-Level- 2 FROM usa and...