The Supertrend indicator is a trend following overlay on your trading chart, much like a moving average, that shows you the current trend direction. The indicator works well in a trending market but can give false signals when a market is trading in a range. For this, combined with a candle, it can save against some of those sidemarkets periods.
But overall its best to be used on trending markets such as stocks and crypto.
Caution : since it has no risk management inside, I recommend to be careful with it .
If you have any questions, please let me know !
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.
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