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Super Trend

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Ritu Agarwala
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362 views25 pages

Super Trend

Uploaded by

Ritu Agarwala
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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supertrend

By
Bharat Jhunjhunwala
CMT,CFTe,MFTA,MSTA
RSI
Swing Trading Mastery: Supercharge Your Strategy with Supertrend 🚀
Trend Following Power: Leverage the Supertrend indicator to ride profitable
swings.
Two Powerful Strategies:
Strategy 1: Supertrend + RSI (Relative Strength Index) for trend
confirmation and momentum analysis.
Strategy 2: Supertrend + Moving Average for enhanced trend filtering and
entry/exit signals.
Unlocking Profit Potential: Combine the strengths of these strategies for
maximized gains.
Supertrend: A Versatile Tool for Trend Trading 🚀
What is Supertrend?
Popular Trend-Following Indicator 📈
Combines Average True Range (ATR) with Closing Price 📊
Plots dynamic support/resistance levels
Why Use Supertrend?
Confirms Trend Direction ✅
Trailing Stop Loss Placement🛡️
🚦
Potential Entry/Exit Signals
Limitations:
Slightly Lagging in Nature🐢
Can Generate False Signals ⚠️
🚀 Supercharge Supertrend with RSI: The Ultimate Trend-Following Duo 📈📉
Overcoming Lag:
Supertrend alone can generate false signals due to its lagging nature. ⚠️
Combining it with RSI enhances accuracy and confirms momentum. 💪
RSI's Role:
A popular momentum oscillator was introduced by J. Welles Wilder.
Measures the speed and magnitude of price changes.
Traditionally uses 70/30 overbought/oversold levels.
Custom RSI Settings for Supertrend:
Long entry trigger: RSI crosses above 60.
Short entry trigger: RSI crosses below 40.
🚀 Strategy 1: Riding the Wave 🌊 with Supertrend & RSI 📈
Entry Trigger:
Price closes above a downtrending Supertrend line. 📈
RSI crosses above 60 level.
Entry Timing: Enter at the end of the trading day (around 3:15 PM).
Stop Loss Placement:
Below the Supertrend line OR
Below the recent swing low (whichever is more favorable for your risk
tolerance).
Rationale:
Supertrend crossover signals a potential trend reversal.
RSI above 60 confirms bullish momentum.
End-of-day entry reduces intraday volatility risk.
Stop loss protects capital and optimizes risk-reward ratio.
Last Example Entry
Strategy - II
Disclaimer: Traders should refrain from anchoring their future expectations solely on past performance when making investment decisions.
🚀 Supercharge Your Trend Trading: Advanced Dual Supertrend & Moving
Average Strategy 📈

Advanced Strategy: Upgrade your trend trading with a more refined approach.
Dual Supertrend: Utilize Modified Supertrend indicator for enhanced accuracy
and early entry signals.
Moving Average Integration: Incorporate a 9-period Simple Moving Average
(SMA) to confirm trends and filter out noise.
Greater Probability: This multi-faceted strategy aims to increase the likelihood
of successful trades.
Detailed Settings: We'll reveal the optimal settings for the Supertrend as we
progress through the strategy.
🚀 Strategy 2: Turbocharge Your Entries with Dual Supertrend & Moving Average
Confluence 📈

9-Period SMA Crossover: Wait for the 9-period SMA to cross above a
downtrending Supertrend.
Modified Supertrend Settings: We'll use different parameters for a faster signal
(details to follow).
RSI Confirmation: Look for the RSI to cross above the 50 level (not 60).
Entry Trigger: The candle where all three conditions align is your signal candle.
Buy: Enter above the high of the signal candle.
Stop Loss: Place your stop loss below the Supertrend line OR the recent swing
low (whichever is more favorable).
Trade Candle
Signal Candle
Stoploss Option
www.prorsi.com

+91.9748173333

jhunjhunwala_b

Bharat Jhunjhunwala

[email protected]

jhunjhunwala_bh

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