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Supertrend

SPY CHART TECHNICAL SPY is in low volume state along with short covering and ready to breakout based on CPI and PPI data as well as follow up interest rate hike talk. Due to low volume bullish, still on the up trend line but other technical indicators have started to cool off like MACD, RSI,SCHOLASTIC, AO. In few days May touch 421 or breakdown from this level. Sell starts from 409-407. First Stop at 393 before Sept then May slide to 370 further based future data and rate hike. I doubt that market will go up beyond 220 by this year due to most of the short covering probably done now and fresh sell short start soon that will bring down the market spy 350 end of the year.
AMEX:SPYShort
by TradeByTech
2
BHP - FUNCHARTS: Should we buy the dip?Note: Funcharts are interesting charts I have found that offer a potentially unique perspective on a stock. Sometimes I’ll throw something out there that you might find controversial or wrong headed. If that’s the case your 2 cents worth is most welcome. BHP has sure been belted, but should we catch a falling knife? - Let's take a basic look at BHP using a very short term strategy. It involves using a strategy called Supertrend Strategy with a 3 period ATR input and an ATR length of 1.5 times. - Firstly, I've flipped it upside down, so we get a buy signal when the trend changes to down and a sell signal when the trend changes to UP - Now, next step, Applying this strategy to BHP, take a look at the performance report for Long Trades and Short Trades using the Performance report TAB. Long Trades Buy the Dip , Short Trades Sell the Rally - Looking at Long Trades, 66% of the time it was profitable to Buy a short term dip on BHP and wait for the trend to change back to up, after which you exited the long position. The profit fact was 1.77. No stop was used in the analysis. - It was also marginally profitable to sell short term uptrends in BHP, meaning trend of less than 30 days didn't persist all that often. - What's the verdict? Buying short term weakness in BHP and selling short term strength has made money in the past. BHP is typically a very choppy stock. I hear what you're saying, you'd like to know if buying the current dip we are in will result in a profit? Based on this analysis BHP will usually stage some sort of rally in a downtrend and you would have make money 66% of the time historically. But looking at external analysis I'm not overly confident just yet. When I'd like to get in. Take a look at the blue histogram on the chart, if it goes below -10, I'd expect the odds to be pretty good for a rally of at least a few days, if not more. That means any further (significant) downside could be an opportunity for a countertrend mean reversion play. It'll be a day where there is blood on the streets for BHP.
ASX:BHPLong
by andrew.gibbs777
SSL HYBRID Advanced IndicatorIndicator symbols and usage. RED/BLUE diamonds- ADX Cross Grey Background - Low ADX Green/Red Circles- EMA 5/30 crossover purple Background- Bollinger Squeeze green line- EMA5 red line- EMA30 blue/pink triangles below bar- QQE indication with PSAR direction Buy Sell Signals are QQE + SSL Hybrid + WAE combination strategy. Take trades when Buy/Sell signals are supported by QQE MOD indicator with same direction and Color. Exit Trades when opposite signal of SSL Hybrid is met. Use higher T/F HMA for Reference and Trend Direction along with Supertrend
by traderharikrishna
12
Bitcoin Idea May (2022) Custom Heat_Mapping and Wolfe Wave - Heatmap reacts with chart- and shows- color of heatmap- within candles- I think theres a mtf and supertrend as well-- Looking for a long to go through over the next 5 days--alien spaceship--bullish trend - dump today was a huge bart pattern- -1500 dollars - rebound to where we started at the beginning of the day- hopefully we bounce back up to 32500 then 40 000 usd within the next few days- stay posted - track the chart- hit the like button and follow me if you like- always looking for new friends that trade.
COINBASE:BTCUSDLong
by mooncrest-holdings-ltd
Welspun- A good buying opportunityWelspun India is about to boom!! - The MACD line is above the Signal line - RSI is about to cross 60 - Supertread is in green - 5 DMA is cutting 26 DMA Most Indictors are showing good strength **Disclaimer: Do Your Own Research** **Our content is intended to be used and must be used for information and education purposes only. It is very important to do your own analysis before making any investment based on your own personal circumstances. You should take independent financial advice from a professional in connection with, or independently research and verify, any information that you find on our Website and wish to rely upon, whether for the purpose of making an investment decision or otherwise**
NSE:WELENTLong
by ashwinpari1997
Here is why I suggest you should use the SUPER TREND!I see the weekend is here. A new week is about to begin, and it's time to get organised, reflect on your progress so far, and learn something new to help you achieve your trading goals., and boost your profitability. Let's be honest, I am someone who normally likes to follow the trends. A lot of the trend following indicators I've encountered along the way in my professional and career growth haven't made sense to me. Moving averages, Average Directional Index, Moving Average Convergence-Divergence, Parabolic SAR etc. I always had a lot concerns with the indicators being able to swiftly follow the price movement, as well as identify a clear reversal of the underlying trend. However, I came through to find this SUPER 'super trend' indicator some while ago, and by testing this and adding it to my intraday trading strategy, I finally see that I could rely on one single indicator to help me identify the trend quickly and more efficiently (never 100% of course it is still not a holy grail!) but the results were good enough for me to write down this post to you guys. What is the Super trend indicator? 'Super trend,' as the name implies, is a trend-following indicator, similar to moving averages and MACD. It is plotted on prices, and the position of the prices reflects the current trend. When we build the Super trend indicator, the default settings are 10 for the ATR and 3 for the multiplier. The average true range (ATR) is important in 'Super trend' since it is used to determine the indicator's value and it indicates the degree of price volatility, which is one reason why this indicator beats Moving averages, which disregards price volatility. Super trend Indicator Formula The super trend indicator computation is illustrated below– Up = (high + low / 2 + multiplier x ATR) Down = (high + low) / 2 – multiplier x ATR Average True Range = / 14 The number 14 represents a period in this context. As a result, the ATR is computed by multiplying the previous ATR by 13. Add the most recent TR and divide it by the time. As a result, ATR is an essential component of the supertrend technical analysis indicator. How to Use Super trend Indicator to Identify Buy and Sell Signals? Super Trend, as a trending indicator, performs well in trending markets (both uptrends and downtrends). When the indicator flips over the closing price, it is easy to identify a buy-sell indication. When the Super Trend closes below the price and the colour turns to green, a buy signal is issued. A sell signal is generated when the Super Trend closes above the price and the colour of the Super Trend changes to red. There is no such thing as a 100 percent accurate technical indicator, and Super Trend is no exception. It also produces erroneous signals in sideways markets, however it produces fewer false signals than other indicators. As a result, you may use Super Trend in conjunction with other indicators to provide more accurate trade signals. Follow my daily analysis posts on my account to check out how to combine it with other momentum indicators as well as use it for multi-time frame analysis!
Education
by MohannadYakout
#Bitcoin We Finally Reversed on Heikin Ashi CandlesHi everyone, Thank you for considering reading my idea. People seems to be hyped up that we have a green heikin ashi candle after months of down trend. This is just to give you another perspective what could happen when Bitcoin breaks down the 50 week moving average (yellow line) and getting the first green heikin ashi candle. You should also see that we have a SELL signal in the Weekly SuperTrend. This happened 5 times before in every bear market (except the one where we crashed due to COVID) More TA like this in the related ideas below. Thank you for reading my idea. Like this idea and follow me for more analysis like this. NFA . TAYOR. DYOR. Cheers, Juvs
INDEX:BTCUSDShort
by Juvssss
5
SUPER/USDT 4HOUR UPDATE BY CRYPTOSANDERWelcome to this quick SUPER/USDT analysis. I have tried my best to bring the best possible outcome in this chart. Reason of trade:-SUPER/USDT tringle pattern conform and retest buy the green zone Entry:-CMP and BUY THE GREEN ZONE Target:- 30% to 40% Stop loss:- 0.6298 Remember:-This is not a piece of financial advice. All investment made by me is under my own risk and I am held responsible for my own profit and losses. So, do your own research before investing in this trade. Happy trading. Sorry for my English it is not my native language Do hit the like button if you like it and share your charts in the comments section. Thank you.
Long
by CryptoSanders9563