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Super Trend Indicator- Finds Buying And Selling Opportunities In Market

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By Author: Money Classic Research
Total Articles: 35
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All the intraday traders implement some or the other technical indicator in order to analyze the market technically. There are large numbers of technical indicators that can be implemented in the intraday market but one of the best technical indicators is super trend indicator, which can give help you in generating accurate buy or sell signals in a trending market.

The super trend indicator is similar to moving average technical indicators as it is trend following indicator. This indicator is plotted on prices of stock and their position shows the current trend of the stock market. Thus with the help of this share market tips can be produced.

No matter, whether you are a novice trader or an experienced trader, you can easily implement the super trend technical indicator. Large numbers of technical analysts implement this indicator as it generates the accurate reading of an ongoing trend. The super trend indicator is made up of two parameters i.e. period and multiplier. At the time of making super trend indicator, the default value used is 10 for average true range/trading period. The value of the multiplier is ...
... taken to be 3.

While implementing super trend indicator, average true range plays a significant role. ATR is used in the indicator in order to calculate the value. Average True Range indicator is used as it determines the degree of price volatility.The period and multiplier are two very important data points that a chartist need to enter while using super trend indicator. The buy and sell signals can be spotted only when the indicator is being plotted either on top of closing price or below the closing price.

The technical analysts confirm the buy signals when the super trend indicator closes above the price of underlying assets. Similarly, when the indicator closes below the closing price of the stock the sell signal is determined.

As and when the indicator slips below the closing price, the super trend is placed on top on the price chart. Thus the buy signal is generated and eventually the color of indicator changes to green. This also shows that the trend is getting shifted from descending mode to ascending mode. Opposite to this, when the super trend indicator went up and closes above the price, it indicates a sell signal. The color of the indicator changes to red in this case.

The technical analysts of Money Classic research are well trained and qualified thus they are capable of implementing the super trend technical indicator wisely. With the help of this technical indicator, they generate accurate stock market tips, which are passed on to their clients on regular basis.

More about SUPER TREND INDICATOR visits. www.moneyclassicresearch.org

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