Super Trend Bars-an indicator for determining the trend. He tries to find the trends that are most likely to continue. A set of indicators and a set of algorithms are used.
The trend probability changes color when a trend is detected. Red indicates a downtrend. The light green color indicates an uptrend. The Super Trend Bar changes color when a trend is detected.
- This indicator is an independent trend indicator.
- It can work without additional indicators.
- When the first light green column appears, open a purchase transaction.
- The first red column will serve as the stop loss level.
- Use the move of the stop loss level along with the take profit level.
- Move the stop loss level as far as possible.
- Because he’s looking for big trends.
- The same is true for sales transactions.
- TrendBars_period – the period of the indicator. The default value is 14.