Trading with Supertrend+RSI Hariss 369

It is very simple yet powerful indicator for all types of assets and all time frame trading. One can use it for intraday as well as positional trading. Trading in higher time frame like 15m/1h may give better result. Before using this indicator for trading, go through previous reactions for buy and sell and see the comfortability of yours. The most important part is self conviction before taking trade.

The indicator is made simply with Supertrend and RSI. The indicator gives buy signal when price closes above supertrend and RSI turns bullish and gives sell signal when prices closes below supertrend and RSI turns bearish. One can change the RSI period according his/her trading style.

On long trade, place SL just below the last swing low/below the low of last candle and target is 1.5/2 times of stop loss. On short trade, place SL just above the last swing high or above the high of previous candle. One can also trail it with supertrend. However, booking 50% profit at 1:1 or 1:5 level is recommended.