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A Trend Expert explains the Super Bollinger Trend indicator, which combines Bollinger Bands and SuperTrend to account for market volatility and trend direction. The indicator helps traders identify potential trend changes and volatility breakouts. It calculates the peak price move for each zigzag and displays the average or median move between signals, enabling traders to estimate average profits. Matching the signal and zigzag line helps traders execute trades in the right direction, and patience is crucial for confirming trend direction.
Super Bollinger Trend Indicator: How to Use and Maximize It
Introduction
As a trader, you cannot do without using indicators to expand your trading strategies. The Super Bollinger Trend Indicator by Zayaman is one of the indicators you can use to improve your trades. This indicator provides traders with valuable insights into potential Trend changes. It’s a combination of two popular technical analysis tools which are Bollinger Bands and super trend. By fusing these two indicators, Super Bollinger Trend Indicator provides traders with a more comprehensive view of the market, accounting for both volatility and Trend Direction. In this article, we will take a closer look at the overview, usage and features of Super Bollinger Trend Indicator.
The Overview of Super Bollinger Trend Indicator
The Super Bollinger Trend Indicator is a great tool that gives you access to a variety of features that can help you with your trades. For you to start using this indicator, you need to follow the steps below:
– To access the indicator in your chart, click on the indicators tab.
– Type “Super Bollinger Trend Expo”.
– Choose it from the list of indicators.
Once you’ve selected the Super Bollinger Trend indicator, it should appear on your chart. The indicator consists of zigzag-like lines and lines in different colors, with arrows indicating possible trend changes.
Usage of Super Bollinger Trend Indicator
There are two main uses for the Super Bollinger Trend indicator, which are trend reversal and volatility breakouts.
1. Trend Reversal
The Super Bollinger Trend Indicator helps traders identify potential trend reversals. High volatility levels can result in more dramatic price fluctuations, which may lead to sharp trend reversals. For instance, a sudden increase in volatility can cause a bullish trend to transition into a bearish one. Traders can use this indicator to detect such changes. A trend reversal is caused by volatility in the market, indicating that the market could be making a reversal.
2. Volatility Breakouts
The Super Bollinger Trend Indicator can also help you identify volatility breakouts. Volatility can trigger breakouts, and trend records occur when the price breaks through significant support or resistance levels, indicating a potential shift in the trend. When volatility levels increase, the likelihood of breakouts increases, as they indicate stronger market momentum and increased buying or selling pressure. The indicator triggers when volatility increases and the price is near a key level, alerting traders to the potential of a trend change.
Features of Super Bollinger Trend Indicator
The Super Bollinger Trend Indicator has many features that make it a great tool for traders. These features include:
1. Signal Move
The Super Bollinger Trend Indicator calculates the peak price move for each zigzag, placing it under each signal. This highlights how the market moved between the signals. All price moves between two signals are stored, and the average or median is calculated and displayed in the table. This gives traders a great idea of how much the market moves on average between two signals.
2. Average Zigzag Move
The Super Bollinger Trend Indicator has an average zigzag move, which is displayed in different colors, like green and red. The average zigzag move is calculated and displayed on the chart, giving traders an idea of how much the market moves on average between two signals.
3. Take Profit Line
The take-profit line is placed at the average or median price move, giving traders an idea of what they can expect in average profit from the latest signals. This line can be used to set stop-loss and take-profit levels for a trade.
Using Super Bollinger Trend Indicator in Live Market
Testing the Super Bollinger Trend Indicator in a live market can help you understand it better. By matching signals and zigzag lines, you can confirm the trend of the market. For instance, when you see a green signal and the zigzag line is in a green color, that tells you the market is on the uptrend. When you see a red signal and the zigzag line is in red, that tells you the market is on the downtrend. But, as earlier stated, you must ensure that you verify these signals with actual price movements in the market before executing a trade. Following all instructions in this article will help you use the Super Bollinger Trend Indicator effectively in the live market.
Conclusion
The Super Bollinger Trend Indicator is a great tool for traders who want to expand their trading strategies. With its outstanding features, traders can make informed trading decisions. The indicator is available on tradingview.com, and traders can easily add it to their charts. Understanding the tool’s usage, features, and matching of signals and zigzag lines can help traders gain an edge in the trade market.
