Consensio With Signals — Indicator by Nakitxu

Using the ideas from "Consensio" system, by Tyler Jenks, this Indicator shows a Buy and sell values, with 3 levels
using the position order of 3 smas: short, medium and large

There are 3 combinations indicating buy and 3 indicating sell:

Example: LSM (Long SMA Top, Then Short, Then Medium)

3 levels each. More level more power signal for buy or sell

MLS = Sell Level 1
LSM = Sell Level 2
LMS = Sell Level 3
SLM = Buy Level 1
SML = Buy Level 3
MSL = Buy Level 2

The triangles on top of the indicator shows any cross of the 3 SMAs and the level of buy/sell signal of the combination

Hodl!

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 a publication is governed by House Rules. You can favorite it to use it on a chart.

Disclaimer

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