Smooth Trail V2
The Smooth Trail is an indicator that works just like a super trend, but it has a completely different usage and potential.
The super trend works by following the price and displaying a line that uses the ATR to determine how far it has to be from the actual price, and many new traders like to use the indicator thanks to its easy readability and the buy-sell signals that it shows, unfortunately, this is not the best usage of the indicator and it often leads to losing money on the markets.
The main characteristic that this indicator has is that, not like the normal super trend, it follows the trend better adapting itself in the retracement phases.
The second feature that dictates the best usage of this indicator, is that it shows a zone in which to buy or sell to have the best risk-to-reward ratio.
The indicator also works as the dynamic level of support and resistance and can be used best for trend-following strategies to maximize profits.
The first input, the multiplier, is used to determine how many times the ATR has to be added or subtracted in order to plot the indicator.
The second input, the length, is used to determine how many candles the indicator and the ATR have to consider for the calculation.
The third and last input, the zone width, is used to calculate the width of the zone displayed by the indicator, and is the factor that will be multiplied by the ATR, this means that if you leave the settings as default, the zone will be 1 ATR or 34 candle width.
This indicator is great to use in confluence with other indicators or with various candlestick patterns.
New feature: targets
Targets (opposite area line) are levels that can suggest a potential reversal in the opposite direction of the current trend.
Skrip sumber terbuka
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Penafian
Skrip sumber terbuka
Dalam semangat sebenar TradingView, pencipta skrip ini telah menjadikannya sumber terbuka supaya pedagang dapat menilai dan mengesahkan kefungsiannya. Terima kasih kepada penulis! Walaupun anda boleh menggunakannya secara percuma, ingat bahawa menerbitkan semula kod ini adalah tertakluk kepada Peraturan Dalaman kami.
Untuk akses pantas pada carta, tambah skrip ini kepada kegemaran anda — ketahui lebih lanjut di sini.