OPEN-SOURCE SCRIPT
200-Day & 50-Day Moving Averages
### **Description of the TradingView Script**
This **TradingView Pine Script** plots two key moving averages used in technical analysis:
- **200-day moving average** (light pink/purple, 60% transparent)
- **50-day moving average** (light yellow, 60% transparent)
The script enhances visualization by making the lines thinner (**linewidth = 1**) and applying **semi-transparent colors** to avoid overwhelming the chart.
#### **Features of the Script:**
✅ **Plots a 200-day simple moving average (SMA) in light pink/purple** with 60% transparency.
✅ **Plots a 50-day SMA in light yellow** with 60% transparency.
✅ **Displays "200" and "50" labels only on the rightmost end** of their respective lines to reduce clutter.
✅ **Identifies key crossover signals:**
- **Golden Cross (Green Dot):** When the **200-day MA crosses above** the 50-day MA (bullish signal).
- **Death Cross (Black Dot):** When the **50-day MA crosses below** the 200-day MA (bearish signal).
#### **How to Use the Script:**
1. Open **TradingView** and navigate to the **Pine Script Editor**.
2. Copy and paste the script.
3. Click **"Add to Chart"** to apply it.
This script is designed for **traders and analysts** who want a **clean and minimalistic visualization** of long-term and short-term trend crossovers while keeping the chart readable. 🚀
This **TradingView Pine Script** plots two key moving averages used in technical analysis:
- **200-day moving average** (light pink/purple, 60% transparent)
- **50-day moving average** (light yellow, 60% transparent)
The script enhances visualization by making the lines thinner (**linewidth = 1**) and applying **semi-transparent colors** to avoid overwhelming the chart.
#### **Features of the Script:**
✅ **Plots a 200-day simple moving average (SMA) in light pink/purple** with 60% transparency.
✅ **Plots a 50-day SMA in light yellow** with 60% transparency.
✅ **Displays "200" and "50" labels only on the rightmost end** of their respective lines to reduce clutter.
✅ **Identifies key crossover signals:**
- **Golden Cross (Green Dot):** When the **200-day MA crosses above** the 50-day MA (bullish signal).
- **Death Cross (Black Dot):** When the **50-day MA crosses below** the 200-day MA (bearish signal).
#### **How to Use the Script:**
1. Open **TradingView** and navigate to the **Pine Script Editor**.
2. Copy and paste the script.
3. Click **"Add to Chart"** to apply it.
This script is designed for **traders and analysts** who want a **clean and minimalistic visualization** of long-term and short-term trend crossovers while keeping the chart readable. 🚀
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.