Buying Spree
What to buy?
- ComfortDelgro at S$1.40... Based on RSI, Supertrend and good news.
- SATS at S$2.85... Based in RSI and Supertrend.
- UOB at S$19.92
- OCBC at S$8.87
- Starhub at S$1.22
- Suntec at S$1.35
What to sell?
- None
The rookie trader journal
How do you prevent Supertrend false signal?
One advantage of the smaller Supertrend parameters is that we get more timely entries and exits... When we lower the Supertrend parameters, we need to use another indicator to reduce the whipsaws and usually it ends up being an oscillator as oscillators are leading indicators. Supertrend(10,3) when combined with RSI(14) does not work so well, but if we combine RSI(7) with Supertrend(5,1.5), it gives interesting results and eliminates a lot of false signals. The general rule can be described as follows: RSI followed by Supertrend rule: Buy, if you get a Buy signal in RSI(7), followed by a Buy signal in Supertrend(5,1.5) within 2-3 candles. Sell, if you get a Sell signal in RSI(7), followed by a Sell signal in Supertrend(5,1.5) within 2-3 candles. Source: https://www.investarindia.com/blog/supertrend-indicator-strategy-with-formula/ What to buy today? Koufu S$0.68 (first pull back from green supertrend) American Airlines US$13.73 General ...
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