How does the Supertrend indicator on TradingView help identify trends in the cryptocurrency market?

1 answers

• Dec 17, 2021 · 3 years ago
  The Supertrend indicator on TradingView is a widely used tool by traders in the cryptocurrency market to identify trends. It calculates the average true range (ATR) and multiples it by a factor to determine the distance of the indicator line from the price. When the indicator line is above the price, it suggests a downtrend, and when it is below the price, it suggests an uptrend. Traders can use this information to identify potential entry and exit points and make profitable trades. The Supertrend indicator is available on various trading platforms, including TradingView, and can be easily added to charts for analysis. It is important for traders to understand how to interpret the indicator and use it in conjunction with other technical analysis tools for more accurate trend identification.
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