How accurate is Supertrend indicator
It is ineffective in a choppy or flat market. It is considered by many as a lagging indicator. Supertrend indicator uses only two parameters in its analysis, ATR and multiplier. Hence, it may not be sufficient for a trader to use it to predict the market direction under several conditions with precision .
What is the success rate of Supertrend indicator
So after testing the supertrend indicator 100 times, I found that the win rate of the supertrend strategy is approximately 46 percent. Since I used the 1.5 to 1 reward risk ratio with other trading strategies in my previous backtesting videos, I have used the same 1.5 to 1 ratio with this strategy as well.
Is Supertrend strategy profitable
Traders often consider the triple supertrend strategy as the most profitable one.
What indicators work well with Supertrend
For more efficient signals, super-trend is used in combination with other indicators like moving averages and MACD (moving average convergence divergence).
Is Supertrend leading or lagging
A super trend indicator is a lagging indicator, just like Moving Averages or Bollinger Bands, as it appears after the occurrence of a certain price movement.
What is the best timeframe to use Supertrend
The lowest time frame you can use is the 15-minute chart. You can also use this indicator on multiple timeframes where you can place it on a longer time frame and then go down to a shorter time frame and use it for entry and exit signals.
What is the 1 minute Supertrend strategy
1-Minute Supertrend 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.
What timeframe does Supertrend use
The Supertrend indicator has no specific time frame. It can be applied intraday, daily, or weekly charts. But in order to allow the Supertrend indicator to be accurate and do its job well, it is essential to choose a time frame in which the financial instrument is in a trend for long periods.
