This 50 SMA changes color based on the trend of the market.
If the SMA is green, use your edge to determine when to buy.
If the SMA is red, use your edge to determine when to sell.
Can be used on any timeframe and market.
Customize this to meet your needs.
Quick Guide
- Yellow cross and green MA on top = Potential uptrend
- Yellow cross and red MA on top = Potential downtrend
A simple golden cross indicator of the green 50 and red 200 SMA with a yellow cross for ease of visibility and backtesting.
Generally, longer time frames more powerful signals but are less frequent. I typically use it on the 4 hour,...
3 Moving Average Exponential - 6 Simple Moving Average . Crypto EMA - MA . 7 is a fast support or resistance, 15 confirmation support or resistance. 30 Important support and resistance . 50 institutional support or resistance. 200 institutional general trend, support and resistance , 360 general trend, support and resistance . The use of EMA or MA is according to...
Trend Indicator
- Based on 4h 50/200 ma/ema
- Static, same accross all timeframes
- Works best with trending assets (espacially altcoins)
- 4h 50/200 ma/ema 's are transparent by default but can be enabled to improve visibility
Blue Cloud = Bullish, cloud often acts as support
Red Cloud = Bearish, cloud often acts as resistance
Really simple, tested on EURUSD Daily timeframe gives 55% profitability on 08/02/2018.
Stick it on a chart and give it a go. If you like edit the code and let me know if you make it better.
Cheers
This script includes the 200 (green), 100 (purple) and 50 (yellow) SMAs and the 20 EMA (blue) from the daily calculated from the close. It is coded so the studies change at midnight ET on the charts to the next day's value.
The script also include the 252 day high ( bright green dashed) and low ( bright red dashed).
