OPEN-SOURCE SCRIPT
TeoTrading 38 - Moving Average Crossover - Long-Short
With this indicator you can obtain the percent of gain / loss of each trade based on Moving Average Crossover.
Prints different types of moving Average: SMA , EMA , WMA and VWMA.
It is usefull to view in only few minutes differents crossovers.
The crossver´s in LONG Trades are indicated with:
"P": Positive Crossover. Open a Long Trade.
Green: Negative Crossover with gain. Close the Long Trade.
Red: Negative Crossover with Loss. Close the Long Trade.
The crossver´s in SHORT Trades are indicated with:
"N": Negative Crossover. Open a Short Trade.
Green: Positive Crossover with gain. Close the Short Trade.
Red: Positive Crossover with Loss. Close the Short Trade.
The Percents of gain and loss are indicated in the Labels.
Input Parameters:
Type of Trade: Long/Short.
Type_: Type of Moving Average.
PrintPrice: Enable open value print.
Fast: Fast Moving Average.
Slow: Slow Moving Average.
This indicator does not generate recommendations to buy or to sell. It was designed ONLY for educational purposes.
Prints different types of moving Average: SMA , EMA , WMA and VWMA.
It is usefull to view in only few minutes differents crossovers.
The crossver´s in LONG Trades are indicated with:
"P": Positive Crossover. Open a Long Trade.
Green: Negative Crossover with gain. Close the Long Trade.
Red: Negative Crossover with Loss. Close the Long Trade.
The crossver´s in SHORT Trades are indicated with:
"N": Negative Crossover. Open a Short Trade.
Green: Positive Crossover with gain. Close the Short Trade.
Red: Positive Crossover with Loss. Close the Short Trade.
The Percents of gain and loss are indicated in the Labels.
Input Parameters:
Type of Trade: Long/Short.
Type_: Type of Moving Average.
PrintPrice: Enable open value print.
Fast: Fast Moving Average.
Slow: Slow Moving Average.
This indicator does not generate recommendations to buy or to sell. It was designed ONLY for educational purposes.
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 publication is governed by House rules. You can favorite it to use it on a chart.
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