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.
By Adedapo Adesanya
The NASD Over-the-Counter (OTC) Securities Exchange gained 1.75 per cent on Wednesday, July 15, pushing the NASD Security Index (NSI) up by 74.20 points to 4,316.51 points from 4,242.31 points, as the market capitalisation added N44.54 billion to finish at N2.590 trillion compared with the preceding session’s N2.546 trillion.
During the session, there was an 11.5 per cent rise in the value of transactions at midweek to N72.7 million from the preceding session’s N65.2 million, as there was a 3.7 per cent growth in the number of deals to 28 deals from the previous session’s 27 deals, while the volume of securities slumped by 64.5 per cent to 4.9 million units from 13.7 million units.
At the close of trades, Great Nigeria Insurance (GNI) Plc ended as the most active security by value on a year-to-date basis, with 3.4 billion units worth N8.4 billion, with the second spot occupied by Infrastructure Credit Guarantee (Infracredit) Plc after selling 2.3 billion units valued at N6.5 billion, and the third position was taken by Central Securities Clearing System (CSCS) Plc, which exchanged 74.3 million units for N5.3 billion.
GNI Plc also finished the trading day as the most traded stock by volume on a year-to-date basis, with a turnover of 3.4 billion units traded for N8.4 billion, followed by Infracredit Plc with 2.3 billion units transacted for N6.5 billion, and Resourcery Plc with 1.1 billion units sold for N415.7 million.
Business Post reports that the market breadth index was negative yesterday, as there were two price gainers and three price losers.
11 Plc added N22.36 to its value to close at N250.00 per share versus N227.64 per share, and CSCS Plc improved by N7.95 to N90.35 per unit from N82.40 per unit.
On the flip side, FrieslandCampina Wamco Nigeria Plc lost N1.37 to end at N150.00 per share versus N151.37 per share, UBN Property Plc depreciated by 6 Kobo to N1.75 per unit from N1.81 per unit, and Food Concepts Plc dropped 1 Kobo to close at N2.49 per share versus N2.50 per share.
By Adedapo Adesanya
Pressure on the Naira eased on Wednesday, July 15, as it appreciated against the United States Dollar by 90 Kobo or 0.07 per cent on Tuesday, July 15, in the Nigerian Autonomous Foreign Exchange Market (NAFEX) to close at N1,382.18/$1 compared with the previous day’s N1,383.08/$1.
Also, the local currency gained a further N4.07 against the Euro in the official market to sell at N1,576.69/€1 versus Tuesday’s rate of N1,583.76/€1, but depreciated against the Pound Sterling by N1.71 to quote at N1,856.69/£1, in contrast to the preceding session’s N1,854.98/£1.
At the GTBank forex counter, the Naira lost N1 against the greenback at midweek to close at N1,389/$1 compared with the preceding day’s N1,388/$1, and at the black market, it traded flat at N1,405/$1.
Data from the Central Bank of Nigeria (CBN) showed that interbank FX turnover moderated as trading activities among financial institutions and market makers declined sharply.
Daily FX data released showed that NFEM interbank FX turnover closed the day at $121.727 million, about 50 per cent below the previous record of $243.095 million set on Tuesday.
Official trading records released by the central bank revealed that interbank FX deals among market makers went down from the previous day to 115 from 140.
Inflation news also eased pressure, even if the print dropped marginally to 15.91 per cent in June, a 0.2 per cent reduction from the 15.93 per cent recorded in the preceding month. The month-on-month headline inflation rate in June 2026 was 1.66 per cent, which was 0.09 per cent lower than the rate recorded in May 2026, which came in at 1.75 per cent.
In the crypto market, prices were mixed as some traders banked on softer-than-expected US inflation reports for June, while others say the inflation data is obsolete, given the renewed strength in oil prices, which sparked after fresh fighting in the Middle East.
US inflation had earlier cooled more than expected, sharply reducing market odds of a near-term Federal Reserve rate hike.
Ethereum (ETH) rose by 1.9 per cent to $1,921.62, Ripple (XRP) appreciated by 0.4 per cent to $1.11, and Binance Coin (BNB) also increased by 0.4 per cent to $582.42.
However, Solana (SOL) dropped 1.3 per cent to finish at $77.29, TRON (TRX) slumped by 0.8 per cent to $0.3240, Dogecoin (DOGE) shrank by 0.6 per cent to $0.0741, Bitcoin (BTC) declined by 0.3 per cent to $64,762.28, and Cardano (ADA) lost 0.2 per cent to end at $0.1640, while the US Dollar Tether (USDT) and the US Dollar Coin (USDC) remained unchanged at $1.00 each.
By Dipo Olowookere
A 0.21 per cent loss was suffered by the Nigerian Exchange (NGX) Limited on Wednesday, as investor chew on the contraction in Nigeria’s June 2026 inflation rate to 15.91 per cent, according to data released during the session by the National Bureau of Statistics (NBS).
It was observed that the consumer goods sector lost 1.24 per cent, the industrial goods space shed 0.23 per cent, and the energy index crashed by 0.10 per cent, with these losses offsetting the gains recorded by the financial services sector, as the banking segment rose by 4.53 per cent, and the insurance counter chalked up 1.23 per cent.
Consequently, the All-Share Index (ASI) retreated by 503.69 points to 242,366.75 points from 242,870.44 points, but the market capitalisation added N390 billion to close at N156.239 trillion compared with the previous session’s N155.849 trillion.
During the trading day, Trans-Nationwide Express shed 9.85 per cent to end at N3.02, International Breweries moderated by 6.12 per cent to N13.05, Haldane McCall slipped by 5.95 per cent to N3.32, DAAR Communications declined by 5.68 per cent to N1.66, and NGX Group lost 4.38 per cent to finish at N28.12.
On the flip side, First Holdco improved by 9.98 per cent to N79.35, Thomas Wyatt expanded by 9.29 per cent to N2.94, Legend Internet gained 8.99 per cent to settle at N4.85, Tripple Gee grew by 8.96 per cent to N3.89, and Coronation Insurance increased by 6.61 per cent to N2.42.
Yesterday, market participants transacted 476.3 million stocks worth N29.6 billion in 40,992 deals compared with the 634.8 million stocks valued at N53.3 billion traded in 42,494 deals, showing a decline in the trading volume, value, and number of deals by 24.97 per cent, 44.47 per cent, and 3.54 per cent, respectively.
First Holdco was the busiest equity with 78.7 million units sold for N6.2 billion, Sterling Holdings transacted 56.7 million units worth N439.2 million, Zenith Bank traded 30.0 million units valued at N3.3 billion, Fidelity Bank exchanged 27.3 million units for N563.9 million, and Stanbic IBTC traded 22.8 million units valued at N3.8 billion.
