OPEN-SOURCE SCRIPT
Money Flow vs 50 SMA + Significant Slope Alerts
Short Description:
A powerful tool to spot high-probability trade setups using Money Flow and trend confirmation. This indicator detects crossovers between the Money Flow moving average and the 50 SMA, as well as significant slope changes in Money Flow to highlight bullish or bearish momentum shifts. Alerts and chart labels help traders identify key opportunities without cluttering the chart.
Features:
Detects Money Flow MA crossing above/below 50 SMA → signals bullish or bearish shifts.
Highlights significant slope changes of Money Flow → identifies momentum acceleration or deceleration.
Visual labels appear only on significant events to avoid chart clutter.
Customizable colors, lengths, and label offsets for personal preferences.
Built-in alerts for all major events, allowing automated notifications.
How to Use:
Look for confluences with trend, support/resistance, or volume to confirm trades.
Bullish cross + upward slope → potential buy setup.
Bearish cross + downward slope → potential sell setup.
Works well in combination with other indicators like RSI, Bollinger Bands, or market structure for added confirmation.
Note:
This indicator is intended to highlight significant changes in Money Flow momentum and is best used as part of a broader trading strategy.
Alerts trigger only when crossovers or slope direction changes occur.
A powerful tool to spot high-probability trade setups using Money Flow and trend confirmation. This indicator detects crossovers between the Money Flow moving average and the 50 SMA, as well as significant slope changes in Money Flow to highlight bullish or bearish momentum shifts. Alerts and chart labels help traders identify key opportunities without cluttering the chart.
Features:
Detects Money Flow MA crossing above/below 50 SMA → signals bullish or bearish shifts.
Highlights significant slope changes of Money Flow → identifies momentum acceleration or deceleration.
Visual labels appear only on significant events to avoid chart clutter.
Customizable colors, lengths, and label offsets for personal preferences.
Built-in alerts for all major events, allowing automated notifications.
How to Use:
Look for confluences with trend, support/resistance, or volume to confirm trades.
Bullish cross + upward slope → potential buy setup.
Bearish cross + downward slope → potential sell setup.
Works well in combination with other indicators like RSI, Bollinger Bands, or market structure for added confirmation.
Note:
This indicator is intended to highlight significant changes in Money Flow momentum and is best used as part of a broader trading strategy.
Alerts trigger only when crossovers or slope direction changes occur.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
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.