Best Most Reliable Trend Follower to Remove Noise (mcbw_)

vor 4 Tagen

After a long hiatus I have decided to share an indicator that I have been working on with the community. This is a trend following indicator that does a phenomenal job removing most of the noise from any price action time series. It is quite simple, when the lighter line crosses over the darker line a potential uptrend is starting, and when the darker line crosses over the lighter line a potential downtrend is starting. You can adjust how many candle are considered in both of their lookbacks in the settings, and you can increase or decrease their sensitivities. When the sensitivity is set higher the lines are more responsive (I use this for information on how to exit positions at the end of trends with high momentum) and when the sensitivity is set lower the lines are less responsive (I use this for position management at key support and resistance levels, and sometimes as a directional filter). When using it you will see that this indicator gives way way less whipsaws than almost all other bespoke moving averages and trend following strategies. Due to the wide capabilities of this indicator, with the capacious settings it comes with, there is not any 'right' way to use it. Please mess around with it and see if any information that it offers adds value to your investment strategies.

Happy trading!