INVITE-ONLY SCRIPT
Updated

Smoothed Candles

1 035
It is a graphical indicator used to identify trends and pullbacks. Through it, it is possible to eliminate the noises and clearly see the smoothed pattern.

How should I use it ? This is just a example to be used with this indicator.
Let's assume that we are looking for sell opportunities.
  • step 1: identify some (at least 3) positives (green) candles with a good volume, excluding consolidation regions.
  • step 2: wait for negative (red) candles with a good volume and also all previous candles must be by majority green.
  • step 3: wait for pullback with high volume or consolidation region to close the position.


AUDUSD
The example can be better described in the image below:
snapshot

EURUSD
Another example os use, displayed in the image below:
snapshot

EURJPY
Look how makes it easy to identify tops and bottoms.
snapshot

BTCUSD
Very easy to indetify trends:
snapshot

GBPUSD
Very easy to indetify pullbacks:
snapshot

AUDGBP
snapshot

It can be used with almost of pairs!

You can buy the script here:
http://502a96d9.ngrok.io

Release Notes
It is a graphical indicator used to identify trends and pullbacks. Through it, it is possible to eliminate the noises and clearly see the smoothed pattern.

How should I use it ? This is just a example to be used with this indicator.
Let's assume that we are looking for sell opportunities.
step 1: identify some (at least 3) positives (green) candles with a good volume , excluding consolidation regions.
step 2: wait for negative (red) candles with a good volume and also all previous candles must be by majority green.
step 3: wait for pullback with high volume or consolidation region to close the position.

AUDUSD
The example can be better described in the image below:
snapshot

EURUSD
Another example os use, displayed in the image below:
snapshot


EURJPY
Look how makes it easy to identify tops and bottoms.
snapshot

BTCUSD
Very easy to indetify trends:
snapshot

GBPUSD
Very easy to indetify pullbacks:
snapshot

It can be used with almost of pairs!
You can buy the script here:
https://perfect-cat-87.localtunnel.me
Release Notes
It is a graphical indicator used to identify trends and pullbacks. Through it, it is possible to eliminate the noises and clearly see the smoothed pattern.

How should I use it ? This is just a example to be used with this indicator.
Let's assume that we are looking for sell opportunities.
step 1: identify some (at least 3) positives (green) candles with a good volume , excluding consolidation regions.
step 2: wait for negative (red) candles with a good volume and also all previous candles must be by majority green.
step 3: wait for pullback with high volume or consolidation region to close the position.

AUDUSD
The example can be better described in the image below:
snapshot

EURUSD
Another example os use, displayed in the image below:
snapshot

EURJPY
Look how makes it easy to identify tops and bottoms.
snapshot

BTCUSD
Very easy to indetify trends:
snapshot

GBPUSD
Very easy to indetify pullbacks:
snapshot

It can be used with almost of pairs!
You can check the script here:
https://perfect-cat-87.localtunnel.me
Release Notes
It is a graphical indicator used to identify trends and pullbacks. Through it, it is possible to eliminate the noises and clearly see the smoothed pattern.

How should I use it ? This is just a example to be used with this indicator.
Let's assume that we are looking for sell opportunities.
step 1: identify some (at least 3) positives (green) candles with a good volume , excluding consolidation regions.
step 2: wait for negative (red) candles with a good volume and also all previous candles must be by majority green.
step 3: wait for pullback with high volume or consolidation region to close the position.

AUDUSD
The example can be better described in the image below:
snapshot

EURUSD
Another example os use, displayed in the image below:
snapshot

EURJPY
Look how makes it easy to identify tops and bottoms.
snapshot

BTCUSD
Very easy to indetify trends:
snapshot

GBPUSD
Very easy to indetify pullbacks:
snapshot

It can be used with almost of pairs!
You can check the script here:
https://perfect-cat-87.localtunnel.me

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.