Please, enjoy your new game changing tradingview indicator, may I present you: the Smooth Trail (first version).
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 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 trader like to use the indicator thanks to his 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 lose money on the markets.
The main characteristics that this indicator has is that, not like the normal super trend, it follow the trend the better adapting itself in the retracement phases. The second feature that dictate 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 dynamic level of support and resistance and can be used the best for trend following strategies to maximize the 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 candle 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 to 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 indicator or with various candlestick pattern.
how can make a atr stop smooth like that and correct divergence its trick...send me a message dm ....
sniperaialgo
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Could you please share the script also?
OmegaTools
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@fayejit, I have already posted the V2 version with the open script!
sniperaialgo
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@OmegaTools, Hi Could you please make this also open source. As I this is more smooth and having connecting line when trend change. Please make it public.
Love it! But, could you grant us access to the script as well? This would allow us to customize it based on our own trading style and needs.
OmegaTools
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@LaszloPetrovan, Hi, and thanks for the comment, unfortunately, this indicator is part of a more complex tool that I'm going to publish soon, so I cannot give the script to the whole community, please message me for any information or requests about this or other script.