OPEN-SOURCE SCRIPT
Diupdate Smooth Trail V2
Please, enjoy your new game-changing tradingview indicator, may I present to you: the Smooth Trail (second version), with an updated script and open source script to let anyone use it freely.
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.
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.
Catatan Rilis
Alert option added.New feature: targets
Targets (opposite area line) are levels that can suggest a potential reversal in the opposite direction of the current trend.
Catatan Rilis
Crossing Line AddedSkrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.
Skrip open-source
Dengan semangat TradingView yang sesungguhnya, penulis skrip ini telah menjadikannya sumber terbuka, sehingga para trader dapat meninjau dan memverifikasi fungsinya. Hormat untuk penulisnya! Meskipun anda dapat menggunakannya secara gratis, ingatlah bahwa penerbitan ulang kode tersebut tunduk pada Tata Tertib kami.
Pernyataan Penyangkalan
Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.