Hi all, Through this @stream4u lecture now I trying my self to read the chart and possible to take my position regarding the technical analysis. For getting perfection I need to practice more.

In today lecture I learn about Super Trend Indicator and it's importance in Intraday trading.

Question Number 1:-

What Is A SuperTrend Indicator

In Intraday trading we took our position in 15,30 minutes period. So we exit on that day alone also. At this time we need to exact position for entry and Exit. In this situationSuper Trend Indicator helps a lot.

Super trend indicator gives good direction so possible to get a profitable trade.

Simply super trend name itself indicates that this indicator follows trend 100%.

Knowing the trend is most important in taking any position in trading, if we go against the trend dam sure we lose. No doubt about it.

Super Trend Indicator is looking at a line, if this line above the price assets means soon it dumps, if this line bellow the price assets means soon go the upper direction. Based on this we need to take our position.

Simply super trend line is bellow assets price we can take the position, if it above the assets immediately need to exit from the trade.

This indicator very helps full for intraday traders. Based on this they can possible to do profitable trade very easily. For this, we don't need that's many Technical skills too, on having basic knowledge we can do profitable trade.

In general, we use this indicator in 15,30 minutes time frame for short time trading.

Question Number 2:-

Show how to set SuperTrend on Chart and what are its settings need to configure.

Super Trend Indicator not available in all exchanges but Polonix this Indicator available. That's why Polonix is one of my favourite exchange.

In Trading View we can access the most useful and powerful indicators too. But in mobile, I get a lot of difficulty with access here. So I use Exchanges providing Indicators most.

For setting Super Trend Indicator I just sing in my Polonix Exchange.

Then after I go Indicator.

Here I select Super Trend on searching.

Now we get like this.

We can change the settings of that super trend link also. For this check click setting in the super trend indicator. It is visible like this.

Like that We set Super Trend Indicator To Price Chart

By default, we had a length of 10, Factor at 3.Those are default settings for this Super Trend Indicator.

Hear Length Means Period, and Factor means Multiplier.

Question Number 3:-

How SuperTrend Shows Buy-Sell Indications?

Super Trend always follows the trend, so it gets the perfect buy and sells signal. But some times it's also not work in a highly volatile market.

So before go trading those keep those in Mind also, it does not give 100% accuracy but help us to the trend of that coin.

For Example here, I taking BTC/USDT, a 30minutes price chart, then applying a super trend Indicator.

I place Buy and Sell orders based on Super Trend Indicator

On checking it's BUY and SELL arrows we clearly understand that around the 55k range it gives buy order, then 56 range it gives sell indicator. Using this we can do Intraday trading perfectly.

Question Number 4:-

When We can place a Buy Trade with the help of SuperTrend Indicator.

If the super trend line below that price chart we can take our position, when it jumps to the above price chart we need to close our trade immediately. In 15, 30 minutes time frame. So before enter to took position just wait until that candle close. Based on the candle we can take our position easily. Here we need patience for getting the perfect trade.

For example, Here I taking Reef/USDT 30MINUTS price chart.

My Buy orders Based on Super Trend Indicator

Based on super trend indicator support we took our potion and possible for perfect exit also.

Question Number 5:-

When we can place exit/square off, sell order with the help of SuperTrend Indicator?

For perfect trade, we must find it's support and resistance level then only possible. Otherwise, our trade becomes a loss.

For Example, here I taking XRP/USDT 15 Minutes time frame.

On seeing the chart I cont understand without a super trend indicator. So now I get confused about finding resistance and support levels.

After applying the Super trend indicator now I get a clear indication for support and resistance levels of the present trade. Based on this I can trade easily and get good returns too.

Using Super Trend Indicator Possible to Fond Support and Resistance levels

Question Number 6:-

How false indications look in SuperTrend Indicator?

On using Super Trend Indicator we do not get 100% accuracy because some times if the price falling also it shows a buy indication, this is a major issue here.

Some times buy signal converts the sell indicator, at the same time Sell indicator convert to the Buy Signal, without having a time gap. In this situation, we get confused about taking the position.

For example, here I taking OCEAN/ USDT 30 minutes chart. Here first it hives buy signal around 1.56$ but sell signal give 1.55$, here we loss little bit.

Here It give wrong Direction

Question Number 7:-

According to your view what Stoploss you will suggest?

In any trade, we must keep our stop loss for avoiding bigger loss.

By using Super Trend Indicator we can find it's support level, based on this we can keep our stop loss there.

For Example, here I taking the DASH/USDT 30 MINUTES chart.

I place stop loss on Taking Super Trend Indicator Help

On keeping before support level here I can reduce my more loss and also save my time too. In intraday, we do the trading for short time purposes so we must apply to stop loss at its resistance level.

Conclusion

In today lecture I learn the Importance of the Super Trend indicator. And also understand this indication not give 100% accuracy results dome time. But by applying this indicator we can easily identify support and resistance levels of coin price. Very useful for getting profitable trade.

Hope I finish all my homework tasks successfully, if any wrong I made pls verify me.

Still, I having one question in my mind. Can I know how to selects coins for Intratrading needs?

Thanks for reading My post.