Hello, friend's this is the 5th week of Crypto academy, and here's my homework for this week, given by our crypto professor @stream4u.

So let's start with the Questions.

1. What Is A SuperTrend Indicator?

The super trend indicator is nothing but one of the indicators which helps you to decide your buy or sell calls. As professor @stream4u said it is a line that follows the price trend and sometimes it is above the current price and sometimes it is below the current price.

2. how to set SuperTrend on Chart.

As I & our professor @stream4u said earlier that it is an indicator so we can add this indicator from the indicator section same from where we add our Bollinger band.

Let's discuss the steps. (In Trading View)
Step 1. From the red marks shown in the image, you can add the indicators.

Step 2. Then type Super or Supertrend in the search bar. You will get all these options (I don't the difference between all of these So just selected Supertrend)

Step 3. Now the super trend is added to your treading view chart view.

Step 4. The setting of the Supertrend

In the above image, you can see the marked button for the setting of the Super trend Indicator.

3. How SuperTrend Shows Buy-Sell Indications?

This is the screenshot of the trading view of BTC

In the chart you can clearly see that the indicator itself gives you buy and sell call, you don't need to guess or predict anything. You can see that 2 arrow which is the endpoint of the buy and sells a call.

4. When We can place a Buy Trade with the help of SuperTrend Indicator?

we can place the buy trade in two way one it gives a buy call to you by itself as I showed in the above pictures and another is the same as our professor @stream4u said i.e. when we select straight continues line Supertrend indicator(I don't know the name of that indicator) If the super trend line is movie below the current market price ten it is Buy call.

5. When we can place a sell order with the help of SuperTrend Indicator?

As I said it gives a call for buy same it also gives the sell or super-of call as well. Also in the same way if it is in a straight continuous line and if it is movies above the current market price then only we can go for sell or squer-off.

6. How false indications look in SuperTrend Indicator?

As we all know no one knows the exact movement of the market in the same way the super trend also just predicts the buy and sell call depends on the market movement but sometimes it gives a buy call and suddenly market get falls and vice versa. This is called the False Super trend Indicatore.

In the above image, we can see the marked sell call or square of call but in the next session itself, we can see the movement of the candle is fully green and's going in an upward direction. So This is one of the examples of the False chart.

7. Stoploss suggestion

I'm still learning all of these indicators and all things. So generally I used the Default setting only. Not make any changes to the setting of the Indicatore and till the day I hardly use Indicators I only see one or two Indicators because I do not do much trading.

8. Conclusion

Today I get to know about the new Indicatore which gives more accurate buys and sell calls than other Indicators and also the basic knowledge of how to use it in charts.

So this is all from my end.
Note: All the images are taken from somewhere from the internet and the Screenshots of charts are taken from Coingeckowebsite.

Thank you
@akkibadbboy
Admin: Steeming India Community