Modified Existing SuperTrend Indicator with tight stoploss. Tested on Options Buying or Options selling.
- It uses, ema, vwap and momentum to improve its accuracy. - When super trend line goes above and in green color - It gives signal for buying - When super trend line goes below and in red color - It gives signal for selling
Important Logic to use this indicator
# SuperTrend Line acts as strong stoploss. # It has three colors - Green, Red , yellow
# GreenShadow - Possible BuyZone - When SuperTrend and EMA is in above direction # RedShadow - Possible Sell Zone - When SuperTrend and EMA is in down direction # YellowShadow - Possible Side Zone - When SuperTrend and big ema are not alligned. # GreenSuperTrendLine - Buy stoploss # RedSuperTrendLine - Sell stoploss
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