DaynTrading

Simple Moving Average Cross

The script uses 3 simple moving averages that you can define ( SMA Top, SMA Mid, SMA Long).

Once the SMA Top is above the SMA Mid and the SMA Mid is above the SMA Top a long position is entered.

Once the SMA Top is below the SMA Mid and the SMA Mid is below the SMA Top a short position is entered.

You may define how long before these positions are entered by adjusting the bars in the Inputs section.

A setting of 0 will enter a position as soon as the conditions are met,
whereas a setting of 5 will wait 5 bars after the conditions are met before entering the positions.
Release Notes: UPDATING DESCRIPTION / TYPOS

The script uses 3 simple moving averages that you can define ( SMA Top, SMA Mid, SMA Low).

Once the SMA Top is above the SMA Mid and the SMA Mid is above the SMA Low a long position is entered.

Once the SMA Top is below the SMA Mid and the SMA Mid is below the SMA Low a short position is entered.

You may define how long before these positions are entered by adjusting the bars in the Inputs section.

A setting of 0 will enter a position as soon as the conditions are met,
whereas a setting of 5 will wait 5 bars after the conditions are met before entering the positions.
Release Notes: Updated the when to close the position as it was improperly set.
Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in a publication is governed by House Rules. You can favorite it to use it on a chart.

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