Smoothed Candles — Indicator by FranciscoBiaso

trendanalysis candlestick linearregression trend smoothed

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:

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

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

BTCUSD
Very easy to indetify trends:

GBPUSD
Very easy to indetify pullbacks:

AUDGBP

It can be used with almost of pairs!

If you are interested in purchase, access the link below:

Invite-only script

Access to this script is restricted to users authorized by the author and usually requires payment. You can add it to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author. Contact FranciscoBiaso for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it unless you 100% trust its author and understand how the script works. In many cases you can find a good open-source alternative for free in our Community Scripts.

Disclaimer

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