Trend indicator Supertrend Plus with indication of points for entering the market
Trend indicator Supertrend Plus - is a combined technical tool that shows not only the current market trend, but also possible entry signals within this trend.
The Supertrend Plus indicator line shows the current market trend, and the numbered points show places for placing pending orders or entering at market price.
According to the authors of the Supertrend Plus indicator, the numbered points appearing on the indicator line indicate the market entry points:
- Points 1,3 and 4 are points of order opening at the current price.
- Point 2 - installation site pending order on the breakout of the level located above (below) the specified candle.
According to the experts of fortrader.org, one should not rely solely on the indicator signals, however, the Supertrend Plus indicator can become one of the main elements of trend trading strategies when filtering its signals with filters.
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