INVITE-ONLY SCRIPT
Updated Smoke Evolution Trading System (Glance of the eyes)
Smoke Evolution is a trading system that has capability to identify strong support and resistance, and market structure. Most importantly this system able to identify optimum entry and exit point. As a complete system, Smoke Evolution contains multiple custom indicators which have different functionalities. Below is the list of indicators used in Smoke Evolution System.
1. Smoke indicator
2. Band indicator
3. Supertrend indicator
4. Divergence and Convergence indicator
The first indicator is Smoke indicator. Smoke indicator is a powerful tool to identify the current market trend. It can be the centre of market cycle where we can observe the changes in the market trend or any reversal movement. Any price above smoke indicator identify market as uptrend and vise versa.
….Trend is uptrend until it break the smoke indicator….
….Reversal or retracement happens when price is far from smoke indicator….
….Wide shape of cloud identify possible sideway movement….
Second indicator is Band indicator. Band indicator is used to indicate the solid support and resistance point. Band Indicator consists of Fast Band indicator and Slow band indicator. Fast Band indicator is the best indicator for deciding the entry and exit point after we gain the knowledge of the current market movement. Slow Band indicator identify the market range where it usually used as a pointer for starting range and target range.
….Fast band is showing support and resistance for smaller timeframe and can be used for entry and exit…
….The wider the band shape the stronger the support or resistance. Usually entry is made at narrow band….
….Slow band is used to identify market range. From that we will know when price start moving and when it will stop….
….The band step indicates possible support or resistance….
Third indicator is Supertrend indicator. Supertrend indicator is a popular indicator in trading. In Smoke Evolution trading system, it is used to detect early changes in market direction.
Early trend change before breaking the support or resistance
Forth indicator is Divergence and Convergence indicator. Basically, the indicator identifies the divergence and convergence from standard MACD. This indicator is a support indicator which give more information when market is likely to make reversal.
How to use Smoke Evolution trading system?
There is not specific rule to use Smoke Evolution trading system, you can use and merge the system to you trading style. I have made function that can disable and enable the existing indicators for user flexibility. Thus, there is not necessarily to use all indicators in one time.
For the newbie or whoever do not have trading system, I explain a bit for you on how to use this trading system as general rule. Follow my explanation by referring instruction at chart.
1. Find the range of price and support and resistance by using slow band. Usually price will move inside price range. If the price breaks the price range, it will go to the next support and resistance. See location of the price, if the price already touching support at the bottom slow band, it is possibly for the price to do reversal and go up.
2. Use the smoke indicator to know how strong the uptrend or downtrend. If the price has a distance from the smoke indicator, it is possibly for the price go near to the indicator. Compare the distance to the previous to know the exact distance for the price to do reversal.
3. Use fast band as entry and exit point. If the price breaks the upper fast band by full candlestick body, it indicates the best time to enter the market. Use the lower band as stop loss and trailing stop. By using fast band, we can maximize profit and minimize risk.
4. When the price touch the resistance at upper slow band, it is possibly change the direction. At this point, you can close position or wait for the price to break price channel. Make sure the tight stop loss is set. If the price break the price range, it will go to next resistance until price change direction and breaks the lower fast band.
5. You can see the cycle is repeated and using Smoke Evolution Trading System, it easy for us to see the movement of price.
See the previous market analysis, I made market analysis using Smoke Evolution and found it very useful and easy to analyse market using short period of time. See the examples below.
After all, Smoke Evolution System is the best trading system with high gaining probability and low losing risk. We try to give best in our work and deliver the best trading system to our user. With this trading system, the tangible market analysis become easy and effortless. Even beginner can trade as best as professional trader.
1. Smoke indicator
2. Band indicator
3. Supertrend indicator
4. Divergence and Convergence indicator
The first indicator is Smoke indicator. Smoke indicator is a powerful tool to identify the current market trend. It can be the centre of market cycle where we can observe the changes in the market trend or any reversal movement. Any price above smoke indicator identify market as uptrend and vise versa.
….Trend is uptrend until it break the smoke indicator….
….Reversal or retracement happens when price is far from smoke indicator….
….Wide shape of cloud identify possible sideway movement….
Second indicator is Band indicator. Band indicator is used to indicate the solid support and resistance point. Band Indicator consists of Fast Band indicator and Slow band indicator. Fast Band indicator is the best indicator for deciding the entry and exit point after we gain the knowledge of the current market movement. Slow Band indicator identify the market range where it usually used as a pointer for starting range and target range.
….Fast band is showing support and resistance for smaller timeframe and can be used for entry and exit…
….The wider the band shape the stronger the support or resistance. Usually entry is made at narrow band….
….Slow band is used to identify market range. From that we will know when price start moving and when it will stop….
….The band step indicates possible support or resistance….
Third indicator is Supertrend indicator. Supertrend indicator is a popular indicator in trading. In Smoke Evolution trading system, it is used to detect early changes in market direction.
Early trend change before breaking the support or resistance
Forth indicator is Divergence and Convergence indicator. Basically, the indicator identifies the divergence and convergence from standard MACD. This indicator is a support indicator which give more information when market is likely to make reversal.
How to use Smoke Evolution trading system?
There is not specific rule to use Smoke Evolution trading system, you can use and merge the system to you trading style. I have made function that can disable and enable the existing indicators for user flexibility. Thus, there is not necessarily to use all indicators in one time.
For the newbie or whoever do not have trading system, I explain a bit for you on how to use this trading system as general rule. Follow my explanation by referring instruction at chart.
1. Find the range of price and support and resistance by using slow band. Usually price will move inside price range. If the price breaks the price range, it will go to the next support and resistance. See location of the price, if the price already touching support at the bottom slow band, it is possibly for the price to do reversal and go up.
2. Use the smoke indicator to know how strong the uptrend or downtrend. If the price has a distance from the smoke indicator, it is possibly for the price go near to the indicator. Compare the distance to the previous to know the exact distance for the price to do reversal.
3. Use fast band as entry and exit point. If the price breaks the upper fast band by full candlestick body, it indicates the best time to enter the market. Use the lower band as stop loss and trailing stop. By using fast band, we can maximize profit and minimize risk.
4. When the price touch the resistance at upper slow band, it is possibly change the direction. At this point, you can close position or wait for the price to break price channel. Make sure the tight stop loss is set. If the price break the price range, it will go to next resistance until price change direction and breaks the lower fast band.
5. You can see the cycle is repeated and using Smoke Evolution Trading System, it easy for us to see the movement of price.
See the previous market analysis, I made market analysis using Smoke Evolution and found it very useful and easy to analyse market using short period of time. See the examples below.
After all, Smoke Evolution System is the best trading system with high gaining probability and low losing risk. We try to give best in our work and deliver the best trading system to our user. With this trading system, the tangible market analysis become easy and effortless. Even beginner can trade as best as professional trader.
Release Notes
Adding alert to the indicators.Release Notes
General Rule, Updated.1. Entry point when price cross Moving Average after touching red band.
2. Orange and purple band are used as stop loss point
3. Moving average cross is the entry confirmation.
4. When price touch blue band. It indicates the close point.
5. If price breaks below blue band, it indicates price will go down and find another support.
6. If price breaks black candle for two times. It indicates reversal will happen. it is recommended to close position.
Release Notes
Adding more band to increase the sensitiveness of support and resistance. The recommended band parameters for crude oil are 1st band = 8, 2nd band =35, 3rd band =90. The setting of band is unique for each market.Release Notes
New version of Smoke Evo which is the complete restructuring the concept and method. It is easy to use especially when detecting sideways market and breakout event. All are equipped in one indicator. This is the best and new version of my indicator. Have a try and feel the greatness. Release Notes
Fixing error on coding. Release Notes
- Script is updated to version 5- Adding alert for Guard formation and Guard sideways
Release Notes
Update:Adding signal
Release Notes
Update:Adding Alert All
Release Notes
Fixing signal issueRelease Notes
Fixing signal - adding confirmationInvite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact zackdinz directly.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Invite-only script
Only users authorized by the author have access to this script, and this usually requires payment. You can add the script to your favorites, but you will only be able to use it after requesting permission and obtaining it from its author — learn more here. For more details, follow the author's instructions below or contact zackdinz directly.
TradingView does NOT recommend paying for or using a script unless you fully trust its author and understand how it works. You may also find free, open-source alternatives in our community scripts.
Author's instructions
You can request access by commenting in comment column.
Warning: please read our guide for invite-only scripts before requesting access.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.