The Supertrend is designed to help identify the direction of an asset’s trend. In simple terms, it tells you whether the market is in an uptrend or downtrend.
The Supertrend is plotted on the price chart and consists of two lines: one indicating the trend’s direction (up or down) and the other representing the stop-loss level. When the trend line is below the price, it suggests an uptrend, and when it’s above, it signals a downtrend.
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