OPEN-SOURCE SCRIPT
Smart MA Crossover
Smart MA Crossover Indicator
This custom indicator helps traders identify key buy and sell signals based on the crossover of price and a customizable moving average (MA). It combines trend direction, momentum, and volume to provide accurate entry signals with dynamic visual cues.
Features:
- Customizable Moving Average (MA): Choose from various MA types such as SMA, EMA, HMA, and more.
- Buy & Sell Signals: Signals are generated based on strong trend momentum and volume, with the addition of crossovers from a moving average.
- Background Coloring: The chart background turns green when in an uptrend and red during a downtrend, offering a quick visual guide to market conditions.
- Volume Confirmation: Signals are validated with volume filters to ensure strong market participation.
- Alerts: Set alerts for buy and sell signals to receive real-time notifications.
How It Works:
Buy Signal: Triggered when the price is above the selected MA, with bullish momentum (closing more than 0.5% higher than the open), and accompanied by a volume spike.
Sell Signal: Triggered when the price is below the selected MA, with bearish momentum (closing more than 0.5% lower than the open), and a corresponding volume surge.
This custom indicator helps traders identify key buy and sell signals based on the crossover of price and a customizable moving average (MA). It combines trend direction, momentum, and volume to provide accurate entry signals with dynamic visual cues.
Features:
- Customizable Moving Average (MA): Choose from various MA types such as SMA, EMA, HMA, and more.
- Buy & Sell Signals: Signals are generated based on strong trend momentum and volume, with the addition of crossovers from a moving average.
- Background Coloring: The chart background turns green when in an uptrend and red during a downtrend, offering a quick visual guide to market conditions.
- Volume Confirmation: Signals are validated with volume filters to ensure strong market participation.
- Alerts: Set alerts for buy and sell signals to receive real-time notifications.
How It Works:
Buy Signal: Triggered when the price is above the selected MA, with bullish momentum (closing more than 0.5% higher than the open), and accompanied by a volume spike.
Sell Signal: Triggered when the price is below the selected MA, with bearish momentum (closing more than 0.5% lower than the open), and a corresponding volume surge.
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.