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LonesomeTheBlue
8 sep 2020 10:13

Smoothed Candles 

BINANCE:BTCUSDT15
Bitcoin / TetherUSBinance

Beskrivning

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Hello Traders,

This is "Smoothed Candles" script to get rid of noises and to get a smoothed chart to figure out breakouts and price movements easily.

There are three scaling methods: User Defined, Dynamic (ATR) and Percentage

Optionally you can add 2 Simple Moving Averages and 2 Exponential Moving Averages

Optionally you can hide the Wicks, example:


You can add moving averages:


Easily find breakouts:



Enjoy!

Versionsinformation

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fixed

Versionsinformation

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added color options for the candles
Candlestick AnalysisSupport and ResistanceVolatilitysmoothedtrendtradingMarubozuHammerSupply Zonetrendfollowinglonesometheblue
Kommentarer
raja74sekhar
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Looking bold and beautiful indicator, thank you
nilux
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Amazing stuff man! Thanks for sharing :)
LonesomeTheBlue
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@nilux, you are welcome ;)
Pratik_4Clover
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This is great, now I don't have to run large PNF or Renko scripts.lol
LonesomeTheBlue
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@OWL, Thank you :) they have reversal factor, 2 for Renko and variable in PNF ;) this script checks if there is move more than the box size or not, if no then last candle is shown, if yes then it calculates the move height by box size and shows the new candle. maybe you think reversal = 1 is used in this script, it doesn't check the reversal and trend. this maybe another project
Pratik_4Clover
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@LonesomeTheBlue, Will look forward to that project ^^
LonesomeTheBlue
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@OWL, actually you can use my pnf chart script with reversal = 1 ;)
Pratik_4Clover
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@LonesomeTheBlue, Oh, yes, thank you!!
rafaelbrown40
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Amazing thank you!
CompoundTraders
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Great indicator to get a simple picture.
Mer