#Smartpls indicator unique how to
#Smartpls indicator unique code

Works very well as an entry filter for timing/executing trades.A tried and tested indicator that is reliable for scalping and entering swing trades on all timeframes.

Enabling 'Change Color On Zero Line Cross' option gives trend traders superior & much better signals compared to the MACD.Waddah Attar Explosion Averages with ATR DeadZone

#Smartpls indicator unique how to

Sadly, guidance on how to use this tool's full list of settings is non-existent and can be a bit of a puzzle for newer traders.

Some of the indicator's settings are designed for more advanced technical analysts.

Having the ability to multiply Exponential Moving Averages up to 49 times won't exactly help with trading and does not do much except for smoothing of the Exponential Moving Average over and over again.

Comes with Multi-timeframe + Interpolation, Display options such as 'dots', 'bars' and much more plus Alerts.

Can be used as a guide to set Stop Losses.

Very accurate for entering swings, exiting then entering again.

Using '40' in the NemaDepth will give you Quadragintuple Exponential Moving Averages. In simple terms, using '3' in the NemaDepth will give you Triple Exponential Moving Averages. It calculates EMA, DEMA, TEMA and so on depending on NemaDepth parameter.

NEMA ( n-EMA) can calculate up to 49 EMA's and it uses up to 50 calculating buffers internally.

If we have to be picky, this tool is unable to help traders with placing their stop losses or take profit.

Lacks a Multi-timeframe mode at this stage, but is one technical indicator that does not need MTF for profitability, due to the accuracy of the indicator.

Works remarkably well for trading Futures, Forex, Cryptocurrency and Indices.

Comes with 40+ different types of Averages to use as the iTrend's calculation including ADXVMA (hence the 'Averages' in it's name).

The Second level can be used as a sure-fire signal for scalping entries or re-joining existing trends, especially during 'bursts' of volatility.

Does a good job at guiding traders on where the actual trend starts, and also, where the trend ends.

No need to use other confirmation tools, the itrend can be used on it's own for Entering and Exiting.

#Smartpls indicator unique code

Visually pleasing and easy to use, even at just a glance even novice traders can use this code to spot the trend.

The non-repainting iTrend indicator is one of the most truly profitable trend trading indicators we've so far come across.