The SmartADXWMAIndicator is a versatile custom tool for technical analysis. It combines two core components to help traders identify and follow market trends:

• A Smoothed Trend Line: The indicator calculates a Weighted Moving Average (WMA) of the closing price. It then applies an Exponential Moving Average (EMA) to that WMA, creating a single, smooth line on the chart. This line is designed to be highly responsive to recent price action while still filtering out minor volatility, giving you a clear visual representation of the current trend's direction.
• Signal Dots for Trend Confirmation: It uses the Average Directional Index (ADX), an advanced momentum indicator, to confirm the strength of the trend. When the ADX value rises above a user-defined threshold, it signals that the market is in a strong, sustained trend.

How It Works Together

The indicator's power lies in its combined approach. It doesn't just show a trend line; it also provides precise visual signals.

• A green dot appears directly on the trend line when the ADX is above the threshold and the price is above the trend line, confirming a strong bullish trend.
• A red dot appears when the ADX is above the threshold and the price is below the trend line, confirming a strong bearish trend.

This combination allows traders to easily see when a market is trending, what direction it's moving, and when to potentially consider a trade entry or exit based on the relationship between price and the trend line.

For swing trade, you can try wma 100 and threshold 20 or 25.