Supertrend with SL and TP Levels

4일 전

The supertrend indicator isn't just for pinpointing entry and exit points. It can also be used to set up stop losses. For example, if you are in a long position, you can place a stop-loss order at or below the supertrend line. Similarly, if you are in a short position, you might set a stop-loss order at or above the line.

Moreover, the difference between the supertrend line and the asset price can help determine the size of the trading position. The indicator can be applied to more than just individual stocks, currencies, or commodities. It can also identify price trends across entire sectors and asset classes. In other words, traders and investors can use the indicator for asset allocation.

The supertrend indicator is known for its simplicity and works best when prices are going in a clear direction, upward or downward. Like other technical analysis tools, it's more effective when used with indicators.