SMOTHING_MOVE_SIDDThis Indicator is used to smooth the movement of scripts with SMMA and SEMA .
Inspired by Chris Moody RSI-EMA .
This indicator help to avoid any kind of small correction in trending direction and it filter small kind of correction.
Small correction like 2-15 irregular corrective candles is filtered with the help of smooth moving average and Arnaud Legoux Moving Average.
Keep default setting help for optimal trend filter changing setting may change the results.
This Indicator is not recommending for Buy and Sell.
Trendfilter
New Choppiness IndexThis script tries to identify trending regions and ranging choppy regions.
Green areas are trends; Red areas are consolidation areas.
If you are a trend follower trader you should focus on green areas;
If you are a harmonic pattern trader you should focus on red areas.
I did not play with the parameters extensively, but as a rule of thumb higher parameters
helps on long term trades.
This tool seems to work better for major currencies pairs, presumably due to the
high exchanged volumes that reduces weird fluctuations.
Good set of parameters are:
(55, 9) the default ones, doing impressively well in EURUSD Daily;
(8, 5) doing well in GBPCHF Daily, short trades to be set at lower timeframes.
Happy trading,
vitelot/yanez/Vts
January 2019
Hitting the like button is a free sign of gratitude.
Trend FilterThe indicator colours the candles either Green or Red depending on the following conditions:-
If the N Bar Average Close > N Bar Average Open, the Bars are coloured Green.
If the N Bar Average Close < N Bar Average Open, the Bars are coloured Red.
