This is a guide of the trading strategy. For a guide on how to read the graphs on the analysis page, click here.
The SuperTrend indicator is an indicator that shows the current trend of the price. It is based on the Average True Range (ATR) indicator. The SuperTrend indicator works well in a trending market. When the price is above the SuperTrend indicator, it signals an uptrend. Similarly, when the price is below the SuperTrend indicator, it signals a downtrend. You can read more about it here.
In our strategy, the ATR moving average window is 10 periods. The ATR multiplier is 2.
The Data Trader Super Trend strategy generates a BUY signal when the closing price is above the SuperTrend indicator. Exit when the closing price is below the indicator. It generates a SELL signal when the closing price is below the SuperTrend indicator. Exit when the closing price is above the indicator.
