I made a simple indicator for my friend to make it easy for him to find some trades.
Only take long positions when price is above 200 ema (white line) and supertrend is green, and only take short positions when price is below 200 ema (white line) and when supertrend is red.
A good place to enter or re enter is when the price touches the 21 ema (pink) or 50 ema (green), depending on how bullish or bearish you are. You can also use supertrend as a stop loss. Simple strategy that has an ok win rate.
Please be careful and always make up your mind after looking at the market as a whole and check for trend directions on longer time frames before making any trades.
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Only take long positions when price is above 200 ema (white line) and supertrend is green, and only take short positions when price is below 200 ema (white line) and when supertrend is red.
A good place to enter or re enter is when the price touches the 21 ema (pink) or 50 ema (green), depending on how bullish or bearish you are. You can also use supertrend as a stop loss. Simple strategy that has an ok win rate.
Please be careful and always make up your mind after looking at the market as a whole and check for trend directions on longer time frames before making any trades.
Please considering a donation:
USDT( TRC ): TVD3SBDF4wcCa5J4pDEQq7WgXkHyPMHuAL
BTC: 1M9yxwoGBiMebQktow8vQYV3J9EDAFwiYd
ETH (ERC20): 0xb392f5f58bd10de374736ac337cfd9635cd92d20
XRP: rEb8TK3gBgk5auZkwc6sHnwrGVJH8DuaLh
XRP MEMO: 102109716
paypal: michael.nyberg@gmail.com
Website:
mikul.se
Versionsinformation:
I have updated this one by adding a secondary supertrend with ATR period set to 20 and ATR multiplier to 5. Combining these 2 supertrends can give you a clearer view of the trend direction. Use blue and purple as direction indication and green and red as potential entry. And keep in mind that this strategy doesn't work that well in sideways markets. Use the 200 EMA to ensure the trend direction. Only go long above the 200 EMA (white line) and only go short below the 200 EMA (white line).