Zeiierman

Smart Moving Average - Turning Points (Expo)

Smart Moving Average - Turning Points (Expo)

DESCRIPTION

The Smart Moving Average - Turning Points (Expo) identifies market shifts/turning points in the selected timeframe. It's solely based on Moving average, which makes it easy to interpret and use the indicator. The indicator has an ‘Adaptive’ feature that can be switched on, which responds faster to market change and adapts to the current market characteristics.

Turning Points are visualized with a black circle. Use this information in your trading. Notice if the circles are plotted above or under the candlesticks . Generally speaking, if the circle is plotted above the candlesticks , the market is shifting to negative, if the circles are plotted under the candlesticks , the market is shifting to positive. However, it also depends on the selected moving average and if the ‘adaptive’ feature is enabled or disabled.

Like all moving averages, the Smart Moving Average - Turning Points (Expo) can be used to visualize the trend. Price crossing indicates a directional change. Price can also bounce off the Moving Average, which can act as dynamic support and resistance . It is often used in combination with other signals and analysis techniques.

- You can choose which type of Moving average the calculations should be based on. ( SMA , EMA , WMA , RMA, DEMA , VWMA ). The length of the moving average can be changed as well.

HOW TO USE

1. Use the indicator to identify market shifts/turning points.
2. Use the indicator to Enter Short or Enter Long in the market.


INDICATOR IN ACTION

EURUSD

EURUSD

EURUSD

BRENT

BTCUSD

WALL STREET

With ‘Adaptive’ Setting

WALL STREET

BTCUSD

BTCUSD


The indicator works with RENKO, HEIKIN ASHI and with KAGI charts as well.

I hope you find this indicator useful, and please comment or contact me if you like the script or have any questions/suggestions for future improvements. Thanks!

I will continue to work on this indicator, so please share your experience and feedback with me so that I can continuously improve it. Thanks to everyone that have contacted me regarding my scripts. Your feedback is valuable for future developments!


ACCESS THE INDICATOR

• Contact me on TradingView or use the links below


-----------------
Disclaimer

Copyright by Zeiierman.

The information contained in my scripts/indicators/ideas does not constitute financial advice or a solicitation to buy or sell any securities of any type. I will not accept liability for any loss or damage, including without limitation any loss of profit, which may arise directly or indirectly from use of or reliance on such information.

All investments involve risk, and the past performance of a security, industry, sector, market, financial product, trading strategy, or individual’s trading does not guarantee future results or returns. Investors are fully responsible for any investment decisions they make. Such decisions should be based solely on an evaluation of their financial circumstances, investment objectives, risk tolerance, and liquidity needs.


My scripts/indicators/ideas are only for educational purposes!
Release Notes: Major improvement on this beauty!

--> The indicator is much more convenient to work with and the sensitivity of the signals can be adjusted.
--> The indicator filter out the signals much better in this update than before.
--> Signals cluster can be activated.
--> Long and Short signals are now distinguished.

  • Long signals = Triangle Up
  • Short signals = Triangle Down

Best
Release Notes: Minor update
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 Zeiierman for more information, or follow the author's instructions below.

TradingView does not suggest paying for a script and using it until 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 Public Library.

Want to use this script on a chart?

Warning: please read before requesting access.

Comments

Another fabulous work, with a lot of different charts setup and details explanations; amazing bro <3
Appreciated for the grants =D
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Private Messages Chat Sign Out