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The Pocket Option is one of the most popular trading platforms that offers multiple trend indicators and the Super trend indicator is one of them. The Super trend indicator is one of the unique indicators that I have used. It helps traders identify upcoming trends and reversals in a very simple way. Firstly let’s find out how you can configure the Super trend indicator on Pocket Option.
How to add a Super Trend indicator on Pocket Option?
To add the Super trend indicator on the Pocket Option follow the step given below:
Step 1: Log in to your Pocket option account and set your default chat to Candlestick.
Step 2: Select the desired asset you want to trade.
Step 3: Click on the indicator button and search for the Super trend indicator at the very bottom of the list.
Step 4: Click the name and adjust the parameters of the Super Trend indicator to suit your trading strategy. The default settings are 10 for the ATR and 3 for the multiplier.
How Super trend indicator works?
As said above, The Super trend indicator is a trend indicator that can be used to find the upcoming possible trends and reversals. The indicator was developed by Oliver Saven. This indicator is made from the composition of ATR ( Average True Range) and multiplier.
You can use this indicator on any mode of trading however, It works best with the long time frame chart. If you are an Intraday trader who loves to take short-term trades you need to adjust the indicator settings and reduce the period of ATR and multiplier.
How to trade with Super Trend Indicator on Pocket Option?
Trading with Super Trend Indicator is very simple and easy. when the price is above the Super Trend line, the market is considered to be in an uptrend. Vice versa, when the price is below the Super Trend line, the market is considered to be in a downtrend.
However, the best time to place buy and sell trades is when the price intersects the Super Trend line from the bottom and ladders above the same. It is the best opportunity to place a buy trade.
Similarly, when the price intersects the Super Trend line from the top and ladders below the same. It is the best opportunity to place a sell trade.
Try the above Trading indicator on the Pocket Option