RE: Crypto Trading With SuperTrend Indicator - Steemit Crypto Academy - S5W7 - Homework post for @kouba01
Hello @bassamjamal,
Thank you for participating in the 7th Week Crypto Course in its 5th season and for your efforts to complete the suggested tasks, you deserve a Total|7.25/10 rating, according to the following scale:
| Criteria | Rating |
|---|---|
| Originality | 1.25/2 |
| Compliance with topic | 1.25/1.5 |
| Consistency of method | 1.25/2 |
| Quality of analysis | 1.25/2 |
| #club5050 | 1/1 |
| Clarity of structure & language | 1.25/1.5 |
My review :
A good work in which you touched on all the questions with interpretation and analysis, with some variation in the effectiveness of the answers.
You have demonstrated a clear understanding of SuperTrend as a trading indicator and with the possibility to expand more on the explanation of how it is calculated.
In the second question, you gave a good explanation of the main parameters of the Supertrend indicator and how to configure them, it was possible to deepen the interpretation of changing these parameters according to the chosen trading style.
In the third question, a briefly explanation of how to predict whether the trend will be bullish or bearish based on the use of the SuperTend indicator.
For the fourth question, a superficial analysis of the different movements of the SuperTrend indicator to indicate buy / sell signals.
In the fifth question, you clearly identified the breaking points when trading with the Supertrend and Donchian Channel 20 indicators based on a clear example.
In the sixth question, you made convincing arguments for the effectiveness of the strategy of combining two SuperTrend indicators (fast and slow) in cryptocurrency trading.
At question 7, your association of the RSI indicator with SuperTrend actually improved it as a filter and helped get rid of false signals.
Thanks again for your effort, and we look forward to reading your next work.
Sincerely,@kouba01