Smoothed Candle PROIt 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 of trends.
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.
FX:AUDUSD
The example can be better described in the image below:
FX:EURUSD
Another example os use, displayed in the image below:
FX:EURJPY
Look how makes it easy to identify tops and bottoms.
BITFINEX:BTCUSD
Very easy to indetify trends:
OANDA:GBPUSD
Very easy to indetify pullbacks:
FX_IDC:AUDGBP
It can be used with almost all pairs!
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2450ca2f.ngrok.io
