If you are trading based on these buy and sell signals then do it at your own risk.
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No Supertrend is a carry forward strategy and not a intraday trading strategy. If you are trading supertrend then you have to carry forward your position every day, every week. However if you are planning to trade this strategy backtest the strategy from your end to understand the nature of the trading system. What is the maximum continuous losses the trading system can yield? Since after backtesting in Nifty Futures 5min data it is inferred that till to date consecutive losses are possible and and may vary for different timeframes and different trading instruments.
Entry should be based on the completion of the close of 5min Bar Candle. Trade should be executed with 5secs once the 5min candle complete. Trade should not be executed before the completion of 5min bars.
Can i trade using the live Buy or Sell indicator? Charts shown in marketcalls is to study the nature of the trading system to improve your knowledge on trading system. If you are trading based on these buy and sell signals then do it at your own risk. How to Trading using the Multitimeframe Dashboard? Multitimeframe dashboard is shown here to observe what is happening in the other timeframe.
However Supertrend is not a multitimeframe strategy and higher timeframes often involves higher risk. Its better to stick with 5min timeframe for a better risk control in long term. The charts shown here is purely for educational purpose to study the market behavior with SuperTrend indicator.