Smooth Trend Finder

1. What is Smooth Trend Finder indicator?

The Smooth Trend Finder was created to address the limitations of traditional trend-following indicators like moving averages, MACD, and Super Trend. It aims to reduce lag and minimize false signals common in these indicators. 

The Smooth Trend Finder focuses on the latest candle and analyzes the discrepancies between the latest closing price and the highest high and lowest low of past prices. This helps in predicting major trend changes with minimal delay, allowing traders to enter or exit trades at optimal times. 

It also includes a proprietary Triple Confirmation algorithm to enhance accuracy in trend detection and recognizes sideways market movements to avoid unnecessary entries and losses

2. Indicator settings:

Fast/slow period: choose the numbers of periods being used in calculating the Moving Averages. 

ATR period for SL shift: the timeframe used to calculate the Average True Range for adjusting stop loss levels.

SL shift coefficient: a multiplier used with the ATR value to adjust stop loss levels according to market volatility.

TP coefficient (from SL): a multiplier determining the Take Profit level relative to the Stop Loss distance.

Various Color settings: customize these colors to differentiate between fast/slow lines, bullish/bearish bars and zones, and TP/SL.

Max bars back: the maximum count of past candlesticks considered by the indicator for its analysis.

3. Alert set-up:

To stay updated on potential trading opportunities, you can set up alerts within the Smooth Trend Finder indicator settings.

Step 1: From the indicator settings, customize your alerts by defining your desired parameters for buy and sell signals. The selected configurations will be used for notifications in Step 2.

Step 2: To receive notifications through the app, pop-ups, alert emails, Webhook URL, sound alerts, or email-to-SMS, enable these features by clicking on TradingView's Alert icon. 

Step 3: Select Smooth Trend Finder from the “Condition” dropdown list 

Step 4: A pop-up will appear as follows. Click on “Notifications”. 

Step 5: Choose the types of notifications you'd like to receive, and click the “Create” button.