THE SUPERTREND INDICATOR AS AN INSTRUMENT OF SPECULATION IN THE CRYPTOGRAPHIC MARKET

Greetings dear Hivers, now to end our week of work, I would like to bring a new installment associated with the use of technical indicators as speculation tools in the cryptographic market, in such a way that this time we will be knowing the implications of the use of the supertrend indicator from conceptual and practical aspects associated with it.

In this sense, it is necessary to determine that our knowledge of the fluctuations in the price of an asset and its behavior based on technical indicators will give us the opportunity to generate profitability in a market with an increasing degree of volatility.

In such a way that it is necessary to establish combinations of indicators in order to form consistency strategies over time, a strategy that, in my opinion, should be focused on knowing the trading volume of the asset, the direction that the price follows, as well as the strength that appears in the market for a certain period.

Based on the above, the indicator the supertrend indicator is a tool that provides us with different perspectives of the market, among these, identify the trend that the price follows, know the points of important reversals and Provide timely purchase and sales entries on the assets.

Statistically, this tool is based on the average value of the candles for its calculation and based on these values, we can establish the volatility of the market, understood as the degree of interest on the asset. Therefore, through this delivery we will not delve into interpretations of signals associated with the indicator, on the contrary we will focus on more basic aspects, which consists of guiding new users in the blockchain world and trading in general on how to add this type of a tool on an asset and later we will explain and identify the signals that said tool throws.

In this sense, we will make a sequence of iamegnes to guide the reader to the proposed task:

Step 1: visit the tradingview website (https://es.tradingview.com) and go to the chart section, at this point we choose the asset we want to analyze and after To do this, we go to the FX function, in the search tab we can write TREND, selecting the option that we have delimited in the following image.

Step 2: Once we have added the indicator we can configure it from the default data, as well as its style. Let's follow up on the configuration of the indicator, for this, we must go to the configuration section as shown in the following image, in the first instance we will go to the data entry and choose the graphic option, once configured, the data entry is accepted that we have chosen.

In such a way that we can adapt the indicator to our needs and trading style, adaptations based on the behavior of the indicator, as well as its aesthetics, variations that we can make in the section style, observe the following picture.

Without a doubt, these are simple steps that any user can develop, it would be enough to start speculations in the market and evaluate the performance of the tool, aspects that we will develop in installment number 2 of this series , which we have named knowing the supertren indicator.

[1]The SuperTrend indicator. Article: Online Access