SuperTrend Original MT5

SuperTrend Original MT5

How to use SuperTrend?

• When the price crosses above the supertrend line it signals a buy signal and when the price crosses below the supertrend line it signals a sell signal.
• The supertrend indicator which acts as a dynamic level of support or resistance and helps traders make informed decisions about entry and exit points. 
• When prices are above supertrend line, the market is considered to be trending up, signaling a buying prospect. Conversely, when prices are below the supertrend line, the market is trending downward, indicating a sell opportunity.
• 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.