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Supertrend

StableF-Main and stableF-AdxPLot StableF-Main By E-nifty and StableF-ADx BY Enifty and Recommended timeframe for intrady is 3min or 5 min Other than trading view You can use stableF-main as supertrend and stablef-adx as adx and dmi with below settings stableF-main==>Use defalt settings i.e atr=23 and factor=2.7 or use atr 35 and factor 2.5 (for other than trading view supertrend) stableF-adx==> use setting adx 7 and Dmi 14 (for other than trading view Normal adx) BUY==> When StableF-main or Supertrend Provide BUY signal and below conditions must meet 1 => adx above 25 and IT shown with label as strong Trend 2 => +Dmi is above -Dmi 3 => and +Dmi is above 25 stoploss=StableF-main or Supertrend dotted line which is below the price target= 1:1 or Blue crosses Sell==> When StableF-main or Supertrend Provides Sell signal and below condition must meet 1 => adx above 25 and IT shown with label as Strong Trend 2 => -Dmi is above +Dmi 3 => and -Dmi is above 25 stoploss= StableF-main or Supertrend dotted line which is above the price Target= 1:1 or Blue crosses
NSE:NIFTYEducation
by E-Nifty
5
HOW TO TRADE NIFTY/BANKNIFTY USING SUPERTREND Identify the underlying trend of the market on a higher time frame. After identifying the underlying trend, you will have a bias . For example, In a Bullish market, always look for a long trade. Never short a Bullish market. Likewise, in a Bearish market, always look for a short trade. For opening a trade, use an hourly time frame . Other time frames work too, but if you are an amateur, the hourly time frame will provide less noisy signals. BUY on the signal(Blue arrow in this case). Use 8-EMA as trailing stop loss. Place Stop Loss just below the close of the previous candle . If the Previous candle is too small then, place the SL below the close of the Previous-to-Previous candle. SELL(Close Longs) if >50% body of the candle closes below the 8-EMA . You can also use a fixed Risk-Reward ratio if you do not want to use a trailing stop loss. The same principles can be followed to open SHORTS. Hence, I am not writing them again. This strategy can be applied to Banknifty or other equities/commodities etc. You can backtest this strategy and paper trade for some time. Always remember there is no holy grail in trading. It's a game of probability. Let me know your views in the comments. P.S: This is NOT investment advice. This chart is meant for learning purposes only. This is my personal journal. Invest your capital at your own risk.
NSE:NIFTY1!Education
by johntradingwick
3