What is supertrend indicator?
What exactly is a supertrend indicator? It is a trend-following indicator. It is drawn in stock price charts for investors and shows strongly observable trends in red when prices have fallen and green when prices have increased. This indicator is simply dependent on two factors: period and multiplier. Traders typically employ ten periods - the average true range number of days (ATR - yet another indicator that provides market volatility value by decompressing the price range of a security for a given time) - and three multipliers (A multiplier is a value by which ATR would be multiplied). ATR is important in this indicator since it is utilised to produce a value from which the degree of price volatility can be tracked. If all of this seems too complicated, don't worry; systems and screeners can now handle the arithmetic for you in seconds; simply select the alternatives on your pc and set up your trade plan! Olivier Seban created the Supertrend Indicator to f