What is Super trend indicator ?

The SuperTrend indicator is a technical analysis tool that is used to identify the trend of an asset and provide buy and sell signals. It is a trend-following indicator that is based on the movement of the underlying asset’s price and the volatility of the market.

The SuperTrend indicator is plotted as a line on a separate window below the price chart. When the line is green, it indicates an uptrend, and when it is red, it indicates a downtrend. The indicator generates a buy signal when the underlying asset’s price breaks above the SuperTrend line during an uptrend, and it generates a sell signal when the price breaks below the SuperTrend line during a downtrend.

The SuperTrend indicator can be used in a variety of ways, including to identify the trend of an asset, to confirm trend reversals, and to set stop-loss orders. It is important to note, however, that the SuperTrend indicator is a lagging indicator, meaning that it is based on past price data and may not always accurately predict future price movements.