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TS Gunzo Trend Sniper

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The TS Gunzo Trend Sniper is a powerful trend-following indicator designed to help traders identify potential trend reversals and trend continuations with precision.

Key Features:

Smoothing Option: Enable or disable the smoothing of the weighted moving average with an exponential moving average (EMA) to reduce noise and improve signal clarity.


Trend Signals: The indicator identifies upward trends (green line) and downward trends (red line), with a yellow line indicating neutral or no trend. These signals are designed to assist in making informed trading decisions.


How It Works:


Weighted Moving Average Calculation: The indicator uses a custom weighted moving average (WMA) formula to emphasize recent price data while accounting for historical prices.


Trend Identification: By comparing the current WMA value with previous values, the indicator determines whether the trend is upward or downward.


Smoothing (Optional): The smoothing option applies an EMA to the WMA to produce a smoother trend line, which can be toggled based on user preference.


Plotting: The trend line is plotted on the chart with different colors representing the trend direction.
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Penafian

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