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RE: Steemit Crypto Academy | Course 5 By @stream4u | All About SuperTrend Indicator.
On the binance platform, there are three lines that follows the price, one yellow, one purple and the other pink, which of them is the SUPERTREND indicator?
Another question is that for the different time on the trading chats, the indicator behaves different. It can be above the price for 30 minutes and be below for 15 minutes. Which one do one who wants to buy follow and why?
Hi @tmighty
Regarding "Different time and Which one do one who wants to buy follow and why?"
I guess I have already covered this in Course 2 under section Which Time Frame Of a Candle Chart We Should Apply?, please check the Course 2 once which will give you detailed information on this. The indicator behaves according to the Candle Time Frame chart. So it will show buy as per 5 min but not as per 15 min, also price level is at a different position.
In short, I will suggest if you are buying based on 5 min candle then your all trade should pe perform based in 5 min, like this, you have to decide under which time frame of candle you want to take a trade and follow only that one.
Here you can try to play one game but it requires patience and
some experience. You can try to take buy side with any time frame but before that check where are the resistance and support in the different time frames, so that you will come to know at which levels you can hold trade and possibilities to trend change, but as I said to use this it needs some experience as you may need to switch time frame quickly.
Regarding, "binance platform, there are three lines that follows the price, one yellow, one purple and the other pink, which of them is the SUPERTREND indicator?", it will difficult for me to understand, hence share the screen shot and let me know how you are applying it on Binance so that I will try the same from my side and then I will answer you this.
Hence, I recommend using TradingView, it has a clear chart view. That's why I covered TradingView topic in course 4.
Thank You.
@stream4u
Crypto Professors : Steemit Crypto Academy