What is a Super Trend Indicator?
Super Trend is a popular indicator used in technical analysis to determine trend direction and generate buy-sell signals. It shows the direction of the trend (up or down) based on price movements and guides traders to take or exit positions in the market. It is used in various markets such as stocks, forex, cryptocurrencies.
Basic Logic: Super Trend draws a line above or below the price. If the line is below the price, it indicates an uptrend (buy signal), and if it is above the price, it indicates a downtrend (sell signal).