OPEN-SOURCE SCRIPT
Updated J&C indicator

📊 Indicators Used
10 MA (Fast) - Short-term trend direction
40 MA (Slow) - Long-term trend direction
🟢 LONG Signal Conditions (ALL must be true)
10 MA is rising (uptrend)
40 MA is rising (strong uptrend)
10 MA > 40 MA (fast above slow = bullish)
Price action: Low touched below 10 MA, but close is above 40 MA
This means price dipped but found support
10 MA (Fast) - Short-term trend direction
40 MA (Slow) - Long-term trend direction
🟢 LONG Signal Conditions (ALL must be true)
10 MA is rising (uptrend)
40 MA is rising (strong uptrend)
10 MA > 40 MA (fast above slow = bullish)
Price action: Low touched below 10 MA, but close is above 40 MA
This means price dipped but found support
Release Notes
**4H SMA+CCI Signal Map Strategy****Timeframe:** 4-Hour (HTF)
**Indicators Used:**
- 10-Period Fast SMA
- 40-Period Slow SMA
**LONG Signal Requirements:**
1. Fast SMA (10) is rising
2. Slow SMA (40) is rising
3. Fast SMA above Slow SMA (bullish alignment)
4. Current candle closes ABOVE the previous candle's high (breakout)
5. Current candle closes ABOVE the 40 MA (confirmation)
**SHORT Signal Requirements:**
1. Fast SMA (10) is falling
2. Slow SMA (40) is falling
3. Fast SMA below Slow SMA (bearish alignment)
4. Current candle closes BELOW the previous candle's low (breakdown)
5. Current candle closes BELOW the 40 MA (confirmation)
**Core Logic:**
The strategy identifies trend momentum using moving average crossovers and confirms entries with price action breakouts. LONG signals occur when price breaks above recent highs in an uptrend. SHORT signals occur when price breaks below recent lows in a downtrend. The 40 MA acts as a filter - price must be on the correct side of it for signal validity.
**Visual Indicators:**
- Colored background highlighting signals
- Arrows showing entry points
- Dashboard displaying current MA values and trend direction
- Alert notifications for signal confirmation
Release Notes
J&C IndicatorTimeframe: 4-Hour (HTF)
Indicators Used:
- 10-Period Fast SMA
- 40-Period Slow SMA
LONG Signal Requirements:
1. Fast SMA (10) is rising
2. Slow SMA (40) is rising
3. Fast SMA above Slow SMA (bullish alignment)
4. Current candle closes ABOVE the previous candle's high (breakout)
5. Current candle closes ABOVE the 40 MA (confirmation)
SHORT Signal Requirements:
1. Fast SMA (10) is falling
2. Slow SMA (40) is falling
3. Fast SMA below Slow SMA (bearish alignment)
4. Current candle closes BELOW the previous candle's low (breakdown)
5. Current candle closes BELOW the 40 MA (confirmation)
Core Logic:
The strategy identifies trend momentum using moving average crossovers and confirms entries with price action breakouts. LONG signals occur when price breaks above recent highs in an uptrend. SHORT signals occur when price breaks below recent lows in a downtrend. The 40 MA acts as a filter - price must be on the correct side of it for signal validity.
Release Notes
Timeframe: 4-Hour (HTF)Indicators Used:
10-Period Fast SMA
40-Period Slow SMA
LONG Signal Requirements:
Fast SMA (10) is rising
Slow SMA (40) is rising
Fast SMA above Slow SMA (bullish alignment)
Current candle closes ABOVE the previous candle's high (breakout)
Current candle closes ABOVE the 40 MA (confirmation)
SHORT Signal Requirements:
Fast SMA (10) is falling
Slow SMA (40) is falling
Fast SMA below Slow SMA (bearish alignment)
Current candle closes BELOW the previous candle's low (breakdown)
Current candle closes BELOW the 40 MA (confirmation)
Core Logic:
The strategy identifies trend momentum using moving average crossovers and confirms entries with price action breakouts. LONG signals occur when price breaks above recent highs in an uptrend. SHORT signals occur when price breaks below recent lows in a downtrend. The 40 MA acts as a filter - price must be on the correct side of it for signal validity.
Release Notes
Updated scriptOpen-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.