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 . Generally speaking, if the circle is plotted above the , the market is shifting to negative, if the circles are plotted under the , 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 . 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. ( , , , RMA, , ). 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
With ‘Adaptive’ Setting
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
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.
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My scripts/indicators/ideas are only for educational purposes!
--> 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
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