Hi Nick.
There are two standard settings for Supertrend 7/3, 10/3. I use both. There's usually not much difference with how they perform, but sometimes there is especially at switch over times. I also use a third setting 11/2, which can give much earlier switches.
I use these on daily time frames and intra-day one-hour time frames. Used in conjunction they provide valuable information for a medium-term long-term investor such as myself.
Currently, almost all stocks in the ASX100 remain positive on the three Supertrends on a daily basis, which, at this stage, suggests this is a buy-the-dip opportunity. Buy signal will be signalled by a positive switch on the intra-day Supertrends which are currently negative. But, of course, that may not happen.. But if it does happen, it provides a timely bit of information on when to buy.
Interestingly, the use of the three Supertrends helps to clearly identify a sideways market. If you get say two lines above the candles and one line below the candles e.g., 7/3 and 10/3 might be above the daily candles for some weeks, while 11/2 is below the candles for someweeks - sideways trend after a down trend. When all three Supertrends are aligned - say pointing upwards - trend has changed from sideways to up.
I hope that answers the question.
RB
- Forums
- ASX - By Stock
- XJO - Week-end Charts and Chat. 13/14/June
Hi Nick.There are two standard settings for Supertrend 7/3,...
-
- There are more pages in this discussion • 28 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add XJO (ASX) to my watchlist
|
|||||
Last
7,950.5 |
Change
-152.700(1.88%) |
Mkt cap ! n/a |
Open | High | Low |
8,103.2 | 8,103.2 | 7,928.5 |
Featured News
XJO (ASX) Chart |