Economy
A Closer Look at What SuperTrend Indicator is and How Simple it is to Use
There is an array of tools being developed on a daily basis and it’s imperative that you stay up to date on the ones that concern you.
For intraday traders, there is always a degree of risk when buying or selling assets. However, taking well-informed risks is what makes all the difference.
Keeping up with all the factors and events that affect the stock market, however, is a tough row to hoe. To be successful as an intraday trader, you need to make use of all the tools at your disposal.
These include mathematical calculations like moving averages, Fibonacci retracement, Bollinger bands, and so on.
When it comes to intraday trading, the SuperTrend Indicator is one of the most useful tools at your disposal and can help you step up your game.
Not only does it help you follow market trends, but it also provides buy and sell signals to help you maximize your profit.
If you are an intraday trader and is looking for the perfect tool to help you level up your game, the SuperTrend Indicator is one of the best options available.
Read on to find out more about the SuperTrend Indicator and how simple it is to use.
What Is the SuperTrend Indicator?
The SuperTrend Indicator is an overlay on your trading chart that helps you follow the direction of current trends. It is a very powerful yet often underutilized utility.
The trend indicator plots the price of the asset against time and through some basic computation provides a trend of the price of the asset. The chart is based on two parameters: the average true range and a multiplier.
The SuperTrend Indicator is similar to a moving average indicator and provides buy and sell signals. The data provided from this simple chart can help simplify your trading decisions.
In fact, it is the simplicity of the tool that makes it extremely popular amongst intraday traders and ideal for beginners. One thing that must be kept in mind is that the SuperTrend Indicator cannot predict trends.
It is a lagging indicator and depends on the current price action to provide signals. As such, it cannot predict the future trend of the price of the asset. What it does show is the current trend of the prices.
How Easy is it to Use the SuperTrend Indicator?
The SuperTrend Indicator is amongst the easiest indicators to understand, use and follow. It is perfect for those who are new to the world of technical analysis, who get confused while dealing with concepts like price action theory and who have trouble reading charts like candlestick charts.
Since it is based on only two parameters, it is easy to tweak to get the best possible results. The default values of the average true range and multiplier are set to 10 and 3, respectively.
There are no perfect values for these parameters and changing them alters the behaviour of the SuperTrend Indicator.
The trading pros at https://www.netpicks.com/supertrend-indicator/ indicate that any changes to the SuperTrend Indicator should be backtested before using any real money.
Reading the SuperTrend Indicator is also quite straightforward. Being an overlay, it is plotted over the closing price of the asset.
When the value of the asset falls below the closing price, the indicator turns green, indicating the opportunity to buy.
On the other hand, if the indicator rises above the closing price, the lights turn red, indicating the opportunity to sell. It doesn’t get any simpler than that.
Benefits of the SuperTrend Indicator
The SuperTrend Indicator is an excellent tool for intraday traders. Due to its popularity, it is available on most trading websites without any additional costs. A big advantage of this tool is its flexibility. It works for forex, futures, and equity, and it also allows you to set up various time frames from daily to weekly.
The indicator gives accurate signals at precise times; however, one may have to tweak the two parameters in order to minimize the error in the displayed trend.
The biggest advantage of the indicator is its simplicity. It provides all the essential information while keeping the interface minimal and easy to understand.

The SuperTrend Indicator is amongst the most straightforward and intuitive indicators that provide buy and sell signals.
However, the SuperTrend Indicator is not ideal for each and every situation and works only when the market is trading.
As such, it is best suited for the purpose of short-term technical analysis. If you are looking for a way to make better-informed decisions on intraday trades, you can’t go wrong with the SuperTrend Indicator.
Economy
BNB Price Reflects Changing Dynamics in the Digital Asset Market
Economy
NASD Unlisted Security Index Crosses 4,000-point Benchmark Again
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange achieved a milestone on Friday, April 24, 2026, after five securities on the platform helped with a 1.85 per cent growth.
Data showed that the NASD Unlisted Security Index (NSI) again crossed the 4,000-point benchmark yesterday.
The index chalked up 73.64 points during the trading day to close at 4,052.59 points compared with the preceding session’s 3,978.95 points, while the market capitalisation added N5.38 billion to finish at N2.424 trillion versus Thursday’s closing value of N2.380 trillion.
The price gainers were led by Okitipupa Plc, which grew by N25.00 to sell at N305.00 per share compared with the previous price of N280.00 per share. Central Securities Clearing System (CSCS) Plc gained N6.92 to close at N76.26 per unit versus N69.34 per unit, Afriland Properties Plc appreciated by N1.00 to N17.00 per share from N18.00 per share, FrieslandCampina Wamco Nigeria Plc improved by 55 Kobo to N99.55 per unit from N99.00 per unit, and Food Concepts Plc increased by 5 Kobo to N2.70 per share from N2.65 per share.
However, there was a price loser, MRS Oil, which dipped by N21.75 to N195.75 per unit from N217.50 per unit.
During the final session of the week, the value of securities jumped 75.2 per cent to N41.3 million from N23.6 million units, and the number of deals expanded by 62.9 per cent to 44 deals from 27 deals, while the volume of securities declined marginally by 0.9 per cent to 447,403 units from 451,522 units.
At the close of trades, Great Nigeria Insurance (GNI) Plc was the most traded stock by volume (year-to-date) with 3.4 billion units worth N8.4 billion, trailed by Resourcery Plc with 1.1 billion units valued at N415.7 million, and Infrastructure Guarantee Credit Plc with 400 million units traded for N1.2 billion.
GNI was also the most active stock by value (year-to-date) with 3.4 billion units sold for N8.4 billion, followed by CSCS Plc with 59.6 million units transacted for N4.0 billion, and Okitipupa Plc with 27.8 million units exchanged for N1.9 billion.
Economy
Naira Slips to N1,358/$1 as FX Reserves, Policy Uncertainty Concerns
By Adedapo Adesanya
It was not a good day for the Nigerian Naira in the currency market on Friday, April 24, as its value depreciated against the major foreign currencies at the close of transactions.
In the Nigerian Autonomous Foreign Exchange Market (NAFEX), it lost N4.53 or 0.33 per cent against the United States Dollar yesterday to trade at N1,358.44/$1, in contrast to the N1,353.91/$1 it was exchanged on Thursday.
Equally, the domestic currency slipped against the Pound Sterling in the official market during the session by N8.14 to close at N1,834.02/£1, compared with the previous rate of N1,825.88/£1 and dropped N8.01 against the Euro to sell at N1,590.73/€1 versus N1,582.72/€1.
Also, the Naira depreciated against the US Dollar at the GTBank FX desk on Friday by N4 to quote at N1,370/$1 compared with the previous session’s N1,366/$1, and at the parallel market, it depleted by N5 to settle at N1,380/$1 versus the preceding day’s N1,375/$1.
Data published by the Central Bank of Nigeria (CBN) indicated that NFEM interbank turnover surged to N43.562 million across 68 deals, up from N28.117 million the previous day.
Despite the CBN’s reassurance that the recent drop in external reserves is not worrisome, the market remains unsettled by persistent concerns over liquidity constraints, policy transparency, and weakening confidence in Nigeria’s FX market as gross reserves continue to decline to $48.4 billion.
The outlook for the Dollar appears supported by broader macro risks, including elevated oil prices tied to the tanker traffic disruptions in the Strait of Hormuz and a continued US-Iran standoff over ceasefire negotiations.
A look at the digital currency market showed that investors are sitting on the edge as the US Dollar rebounded amid geopolitical and inflation risks despite continued inflows into US spot bitcoin Exchange Traded Funds (ETFs).
Solana (SOL) rose by 1.2 per cent to sell $86.45, Cardano (ADA) appreciated by 1.1 per cent to $0.2517, Dogecoin (DOGE) grew by 0.9 per cent to $0.0989, Ripple (XRP) improved by 0.3 per cent to $1.43, Ethereum (ETH) soared by 0.2 per cent to $2,316.83, and Binance Coin (BNB) chalked up 0.1 per cent to sell for $637.44.
However, TRON (TRX) depreciated by 1.3 per cent to $0.3235, and Bitcoin (BTC) lost 0.2 per cent to close at $77,562.27, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) closed flat at $1.00 each.
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