If you are still facing issues with loading of charts try clearing cache and check. Supertrend is a trend following strategy for system traders which makes money in a trending market and losses in sideways market. Learn more about Supertrend here. The above charts shows supertrend signals for 5min only. However our regular visitors requested to know what is happening on the other timeframes that leads to multitimeframe dashboard.
If you are a amibroker user and would like to have this strategy on your machine download the AFL code for Supertrend Multitimeframe Dashboard here. If you want to learn how to trade supertrend with EMA filter go thro the video here. Buy — if suptrend buy signal continues and candle above EMA Exit Buy — if supertrend shows a exit signal.
Sentimental Dashboard shows 8 historical values for Multiple Timeframes like 15min, Hourly and Daily. And the reading ranges between The right most meter indicates the most recent value. Increasing reading indicates the possibility of market moving in uptrend and decreasing value indicates a possible downtrend.
One can adopt 15min to capture very shorter term movements in the markets short term intraday especially for holding position ranging between 15min — 2 hours. However 60 min sentimental will give more clarity about the trend for any day This for traders holding their position anywhere ranging from 1 hour — 8 hours. And Daily Sentimental Meter will give more clarity about the carry forwarding positions to next day.
This sentimental dashboard make sense more for discretionary traders who wants to enter the trend at the earliest and exit closer to the top however it does not benefit much for System Traders. It is a 5min charts and update every 5min with limited historical data.
Alternatively you can use free Interactive Charts or subscribing to our premium trading platform services to get more control over charts, custom timeframes, custom Indicators and professional customer support. No Supertrend is a carry forward strategy and not a intraday trading strategy.
If you are trading supertrend then you have to carry forward your position every day, every week. However if you are planning to trade this strategy backtest the strategy from your end to understand the nature of the trading system. What is the maximum continuous losses the trading system can yield? Since after backtesting in Nifty Futures 5min data it is inferred that till to date consecutive losses are possible and and may vary for different timeframes and different trading instruments.
Entry should be based on the completion of the close of 5min Bar Candle. Trade should be executed with 5secs once the 5min candle complete. Trade should not be executed before the completion of 5min bars.
Can i trade using the live Buy or Sell indicator? Charts shown in marketcalls is to study the nature of the trading system to improve your knowledge on trading system.
If you are trading based on these buy and sell signals then do it at your own risk. How to Trading using the Multitimeframe Dashboard? Multitimeframe dashboard is shown here to observe what is happening in the other timeframe. However Supertrend is not a multitimeframe strategy and higher timeframes often involves higher risk. Its better to stick with 5min timeframe for a better risk control in long term.
The charts shown here is purely for educational purpose to study the market behavior with SuperTrend indicator. Buy and Sell Signals are not meant here to take real trades.More...