In this lesson I outline my method for reading the trend and removing short term noise using the Chandelier Exit indicator in conjunction with a weighted moving average.
The method shown is useful in defining what the medium-term, short term, and intra-day trends are doing and therefore what direction we should be trading and can be applied to stocks, indices currencies, and crypto markets.
Once the trend has been clearly defined, it allows traders to take advantage of short-term noise against the underlying trend for entry and exit signals.
The method shown is useful in defining what the medium-term, short term, and intra-day trends are doing and therefore what direction we should be trading and can be applied to stocks, indices currencies, and crypto markets.
Once the trend has been clearly defined, it allows traders to take advantage of short-term noise against the underlying trend for entry and exit signals.