You can put it at the red signal line for a short position. The best strategy to make the most money in trading is to combine a supertrend with a stop loss pattern.
In a trending market, a 'Supertrend' indicator might offer you a precise buy or sell signal. 'Supertrend,' as the name implies, is a trend-following indicator similar to moving averages and MACD (moving average convergence divergence). It is based on prices, and the position of the prices reflects the current trend.
The MACD (Moving-Average Convergence/Divergence) line is the most used technical indicator. Along with trends, it also indicates a stock's momentum. In order to forecast a stock's future direction, the MACD line evaluates its short-term and long-term momentum.
Bollinger Bands, Moving Averages, Supertrend, and other lagging indicators are examples of lagging indicators since they appear after a price move has occurred.
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So it's mean that Trends are 3 types : i) Bullish (ii) Barresh (iii) Siteway
And Traders are i) position trader (ii) Swing Trader (iii) Day trader (iv) Scalper Trader
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