Supertrend Indicator Purpose: Identifies the overall trend of the market. Logic If the price is above the Supertrend line, the market is in an uptrend (green). If the price is below the Supertrend line, the market is in a downtrend (red). Uses ATR (Average True Range) to calculate the Supertrend. Green Line → Uptrend. Red Line → Downtrend.
EMA (Exponential Moving Averages: 20 & 100) Purpose: 20 EMA – Short-term trend (faster-moving). 100 EMA – Long-term trend (slower-moving). Logic: When 20 EMA crosses above 100 EMA, it signals a bullish trend. When 20 EMA crosses below 100 EMA, it signals a bearish trend.
Pivot Points (Support & Resistance) Purpose: Identify potential reversal zones. Logic: If the price reaches a Pivot High, it may act as resistance. If the price reaches a Pivot Low, it may act as support.
Red Circles → Resistance (Price may struggle to go higher). Green Circles → Support (Price may find buying interest).