Technical indicators can be very confusing and daunting for beginner traders. They don’t have to be, and in this video give you a basic understanding of them as useful technical indicators to help you make profit in the markets. Firstly, all the indicators we are going to show you or created from basic candlestick data. They all take their information from the basic price action.
4Super Trend
The super trend indicator is an excellent indicator of trend direction. It can be used as a
foundation of a trading system that is based on trend following. One of the most popular ways to use this indicator is to enter the market after a pullback.
For example, if the market is on a downtrend, indicated by red, wait for a green pullback and then re-enter the market once it turns red again. The same can apply in up trending markets. Here we can see how this indicator accurately tracks market trends. It can be refined through the settings to match the specific instrument.
