Hey fellow traders! Today, we're diving into something that can really enhance your trading strategy: the NavelSMA. You might be wondering, what’s the deal with this indicator? Well, let’s break it down.
At its core, the NavelSMA is a unique moving average that looks at the relationship between two simple moving averages (SMA) based on the highs and lows of price bars. I prefer using the NavelSMA instead of the standard close price SMAs because it incorporates all four price parameters—open, high, low, and close. This makes it smoother and less jittery on the zero bar, which is something we all appreciate in our charts.
I was genuinely surprised by the insights I gained from this setup. If you want to see the magic for yourself, try placing the Breakout (BO) and Accumulation (AO) indicators one above the other in a single window. It’s like they say, “all roads lead to Rome.” I didn’t bother figuring out which one’s superior; instead, I’m just letting them coexist and thrive!
To get started, you'll want to compile both files. The NavelSMA can be accessed through the BO using the iCustom() function, making it easy to integrate into your existing trading system.
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