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Indicators: SuperTrend

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Automated-Trading
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SuperTrend:

SuperTrend trend indicator.

This indicator is considered to be a trend one and its operation principle is quite simple: as soon as it changes its color to green, it means the start of an uptrend, if the color is changed to red, a downtrend starts. The indicator has one disadvantage - it often lags but, nevertheless, it is quite popular among traders. For better results the indicator should be used as confirmation for the market entry.

Author: Nikolay Kositsin

Super Trend indicator

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