No Nonsense Forex
A Baseline Haven’t done in a while is the Premier indicator channel’s latest focus. A smooth Russian indicator coded by Karel Emerenko with basic specs. The results show moderate Roi in Forex and indices, but higher in Bitcoin. The simplicity of tweaking and testing inspire traders to explore Russia’s obscure indicator treasure trove.
Indicator Profile Series: Super Smoother Baseline Indicator
Introduction
When we think of Russia and its people, one word that comes to mind is smooth. This week’s indicator profile series focuses on a Baseline indicator, the Super Smoother, developed by a Russian named Karel Emerenko. This article explores the specifications, results, and tweaking options of the indicator.
Specifications
The Super Smoother is a relatively simple indicator that does not require much tweaking. The year of its development, 2014, lies well within the 1996 and on threshold of modernity. The indicator subtype is plain, and there may be better options for exiting trades.
Understanding Signals
Red candles denote bearish movement, whereas blue candles indicate bullish trends. For a bullish signal, traders look for a cross and close above the line, while a cross and close below suggest bearish movement.
Results
While these results serve as a guide, traders’ actual results may differ. The indicator’s positive and negative results should be taken with a grain of salt, and traders should test it on their systems.
Euro Dollar
For the euro dollar, the results were not great, but they were not bad either. These figures would make the indicator worth testing, especially considering that the Super Smoother is an easy indicator to tweak.
Gold
The indicator’s results for gold were less favorable than for the euro dollar. However, the Total Trades figure of 64 attracts attention, and traders could test the indicator, particularly on the daily time frame.
S&P 500
The Super Smoother’s results for the S&P 500 were better than for gold. The daily timeframe showed solid numbers significant above the S&P 500’s average. Traders who specialize in indices may want to try this indicator.
Bitcoin
For Bitcoin, this Baseline indicator’s results are impressively different from the three pairs analyzed before. These figures may be slightly inflated due to recent market conditions, but the indicator is worth trying, given its simplicity and tweaking options.
Conclusion
The Super Smoother Baseline Indicator is a straightforward indicator developed by a Russian named Karel Emerenko. The results for different currency pairs, indices, and cryptocurrencies were variable, and the indicator is worth testing on your system. Traders should focus on both building and improving their trading systems to achieve their financial goals.
