OPEN-SOURCE SCRIPT
200 MA and 50 MA Crossover Alert
Alerts when 200 MA and 50 MA merge
Helps to find the direction of the stock.
If 200 MA goes up and 50 MA comes down - after a good market run it is good probablity for correction - check for Fed , CPI , bad results or overbought conditions
If 50 MA goes up and cross 200 MA then - its a good uptrend if the market has had bad last week and there is anticipation for economic events , Earnings and conference in any sectors.
Always check RSI during the trade - 25 or 80 - Oversold or Overbought
Do not use advanced science - use simple common sense to trade - Best trades happen when you zoom out not with tunnel effect
Helps to find the direction of the stock.
If 200 MA goes up and 50 MA comes down - after a good market run it is good probablity for correction - check for Fed , CPI , bad results or overbought conditions
If 50 MA goes up and cross 200 MA then - its a good uptrend if the market has had bad last week and there is anticipation for economic events , Earnings and conference in any sectors.
Always check RSI during the trade - 25 or 80 - Oversold or Overbought
Do not use advanced science - use simple common sense to trade - Best trades happen when you zoom out not with tunnel effect
Open-source script
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