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Luminous Glide Momentum Indicator [wjdtks255]
This indicator, named "Customized SuperSmoother MA Oscillator," applies a smoothing filter to price data using a SuperSmoother technique to reduce noise and enhance signal clarity. It calculates two moving averages on the smoothed data—a fast and a slow—whose difference forms the oscillator line. A signal line is derived by smoothing the oscillator with another moving average. The histogram visualizes the divergence between the oscillator and signal lines, indicating momentum strength and direction.
How it works
SuperSmoother Filter: Reduces price noise to provide smoother and more reliable signals than raw data.
Fast and Slow Moving Averages: The fast MA reacts quicker to price changes, while the slow MA indicates longer trends.
Oscillator: The difference between the fast and slow MAs signals shifts in momentum.
Signal Line: A smoothed version of the oscillator used to generate crossovers.
Histogram: Displays the distance between the oscillator and signal line, with color changes indicating bullish or bearish momentum.
Trading Strategy
Buy Signal: When the oscillator crosses above the signal line, it suggests increasing upward momentum, signaling a potential buy opportunity.
Sell Signal: When the oscillator crosses below the signal line, it suggests increasing downward momentum, signaling a potential sell opportunity.
Histogram Size and Color: Larger green bars indicate stronger bullish momentum; larger red bars indicate stronger bearish momentum.
Usage Tips
Combine this oscillator with other indicators or price action analysis to confirm trading signals.
Adjust smoothing and moving average lengths according to your trading timeframe and the asset volatility.
Use proper risk management to filter out potential false signals common in oscillators.
How it works
SuperSmoother Filter: Reduces price noise to provide smoother and more reliable signals than raw data.
Fast and Slow Moving Averages: The fast MA reacts quicker to price changes, while the slow MA indicates longer trends.
Oscillator: The difference between the fast and slow MAs signals shifts in momentum.
Signal Line: A smoothed version of the oscillator used to generate crossovers.
Histogram: Displays the distance between the oscillator and signal line, with color changes indicating bullish or bearish momentum.
Trading Strategy
Buy Signal: When the oscillator crosses above the signal line, it suggests increasing upward momentum, signaling a potential buy opportunity.
Sell Signal: When the oscillator crosses below the signal line, it suggests increasing downward momentum, signaling a potential sell opportunity.
Histogram Size and Color: Larger green bars indicate stronger bullish momentum; larger red bars indicate stronger bearish momentum.
Usage Tips
Combine this oscillator with other indicators or price action analysis to confirm trading signals.
Adjust smoothing and moving average lengths according to your trading timeframe and the asset volatility.
Use proper risk management to filter out potential false signals common in oscillators.
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オープンソーススクリプト
TradingViewの精神に則り、このスクリプトの作者はコードをオープンソースとして公開してくれました。トレーダーが内容を確認・検証できるようにという配慮です。作者に拍手を送りましょう！無料で利用できますが、コードの再公開はハウスルールに従う必要があります。
免責事項
この情報および投稿は、TradingViewが提供または推奨する金融、投資、トレード、その他のアドバイスや推奨を意図するものではなく、それらを構成するものでもありません。詳細は利用規約をご覧ください。