A supertrend is trend-following indicators. This will help you to know the trend of a particular stock whether it is bullish or bearish at the end of the day.
A supertrend is plotted on price, and its placement can define the current direction at the end of the day. Supertrend indicator is simple to use and is constructed with the help of two parameters, which are period and multiplier.
Features available in Supertrend Scans
The features available in supertrend scans are supertrend buy and super trend sell. Supertrend buy will show you the stocks which have a buy signal in the supertrend indicator at the end of the day. Supertrend sell will show you the stocks which have a sell signal in the supertrend indicator at the end of the day.
Supertrend Scans EOD – Column Reference
Here you can get to know about all the columns present in the ADX Scans feature.
- Symbol: A stock symbol is a unique series of letters assigned to a security for trading purposes. If you click on any stock symbol, you can view detailed stock information.
- LTP: Last Traded Price (LTP) stands for the price of a stock on which the last transaction or trade occurred. LTP of a stock is a number of the past. You can see LTP, change and change % of a particular at the same place.
- Supertrend value: The supertrend value will show you the value of a particular stock in supertrend. The supertrend column is sorted from high value to low, you can click on it to sort low to high value.
- Supertrend: The Supertrend will show you supertrend buy and supertrend sell signal.
How to use Supertrend scans EOD?
The supertrend MACD scans eod can be used to find the stocks that have generated real-time buy and sell signals at the end of the day. When a stock is showing supertrend buy then it means the particular stock is bullish at the end of the day. When a stock is showing supertrend sell then it means the particular stock is bearish at the end of the day.
Supertrend scans EOD – Example
Let us take an example of “RELAXO” stock which has shown a supertrend sell signal at the end of the day.
In the above example, you can see the supertrend is showing a sell signal in 1 day timeframe.