Introducing a Powerful Trading Indicator: Chandelier Exit with ZLSMA
If you're a trader, you know the importance of having the right tools and indicators to make informed decisions. That's why we're excited to introduce a powerful new trading indicator that combines the Chandelier Exit and ZLSMA: two widely-used and effective indicators for technical...
Long entry:
PSAR gives buy signal
BBPT prints green histogram
ZLSMA is below the price
ZLSMA has uptrend
SL is smaller than the max SL
Optional Sessions and EMA filters
Short entry
PSAR gives sell signal
BBPT prints red histogram
ZLSMA is above the price
ZLSMA has downtrend
SL is smaller than the max SL
Optional Sessions and EMA filters
SL:
Placed below...
Introduction
Heyo guys, I recently checked out some eye-catching trading strategy videos on YT and found one to test.
This indicator is based on the video.
Usage
The recommended timeframe is 5 min.
Signals
Long Entry => L Label
Price crosses above ZLSMA and Chandelier Exit shows Buy
Long Exit => green circle
Price crosses below ZLSMA
Short Entry => S...
The Moving Average Tool is the only indicator you will ever need to plot MA lines. It comes loaded with 9 different types of moving averages so traders can lay down any line at any length. There is also an option to plot a trigger line. Features: SMA , SMMA, EMA, LSMA, ZLSMA, HULL, LWMA, VWMA and ALMA. Simply pick an average type and enter the desired length.
**Overlay Version** Macd that shows instantaneous trend using ZLSMA. This crossover has the ability to reveal trend directions before it happens. With multi time frame option.
Above image shows 1 hour timeframe using 12hour setting on indicator
Example with 1 hour timeframe:
Example with 1 hour timeframe using daily setting on indicator:
Non overlay...
An almost zero lag version of the LSMA (Least Squares Moving Average)
Gives instant linear regression of current price action.
This line works with the same rules as its "laggy" counterpart the LSMA:
When price crosses over it signals a bull trend.
When price crosses under it signals bear trend.
When price stays close or on the line sideways action is to be...
