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Simple Moving Average (SMA)

SMA + Trend Strength + Trailing Stop LossThe 'SMA + Trend Strength + Trailing Stop Loss' indicator was designed for swing trading long positions over the course of days/weeks. The benefit of the indicator is to identify areas where the market of a given asset is showing signs of a strong uptrend, divergences, and fear. A 13-bar simple moving average is color coded to four colors based on 5 given conditions at a time, which are represented as a trend meter on the bottom right of the screen. A trailing stop loss indicator is included to secure your profits or limit your loss in case the market reverses on you unexpected. Please use this indicator responsibly with proper risk management, and never rely on the indicator by itself for buy and sell signals. When the simple moving average color is green, it means that at least 4 of 5 conditions are confirming a move upwards, this is when you can take an entry into a trade based on your entry strategy. As the trend continues, the color will eventually change to yellow signaling a divergence. This is when you can use your exit strategy to find a good point to sell. It is wise not to take new positions when the color is trending yellow. If the color changes from yellow to orange, that is a warning sign that the trend is about to change or has begun to change. Prices may have already fallen. However, sometimes the color will change from yellow back to green signaling a continuation of the trend. You can either keep holding or take a new position in this instance. When the color is red, this signals fear in the market, you should stay out of the market at first. However, as the market consolidates and the color starts changing back to orange, this is an opportunity to take a long position at a reasonably low price. Simple Moving Average (13-Bar) Color Explanation: The colors change based on 5 market conditions represented in the trend meter. Green: Strong Uptrend Yellow: Divergence Present Orange: Warning Red: Fear Trend Meter Explanation: The trend meter draws 5 arrows indicating bullish or bearish presence. LL = Lower Lows - Detects when the market is trending with lower lows. HH = Higher Highs - Detects when the market is trending with higher highs. MA = SMA Direction - A formula is used to determine the direction of the SMA. DI = Directional Index - Identifies when upwards momentum is trending. RSI = Relative Strength Index - Identifies when the RSI is in an uptrend state. Note: For advanced users, this indicator has a hidden DMI(4, 4, 4) and RSI(14) indicator used to determine the last two conditions. The Directional Index is based on a DI Plus momentum moving average to determine a momentum trend and the RSI trending over 50 will constitute an uptrend signal as below 50 it will point down. Trailing stop loss: The trailing stop loss is determined based on the lowest price of the last 8 bars. A gray step-line is drawn at the suggested stop activation price. A red step-line is drawn at the suggested stop limit price. When the price breaches the trailing stop, a red X will appear below the bar. You can turn each of these features on or off based on your preference. Happy trading!
Pine Script™ indicator
by NoobPro1
14
TFi Pivot Reversal V3The Pivot Reversal Study uses pivot points to create a support and resistance level; based on this levels the script creates virtual stop-market orders to catch the trend if the price is crossing the pivot lines. A "Pyramiding" input allows to configure up to 3 entries; the script enters an additional position if the price falls by a configurable percentage amount (long), the reverse to short orders. A configurable profit-target and stop-loss is being used to exit an open position. An optional Moving Average filter can be used to enable only long or short positions. The script renders a status box at the last bar, which shows the current position status and result of the built-in trading simulation results. It shows the following statistic values: current position PnL - also background turns green if position is in profit and red if in loss the percentage distance to the profit-target and stop-loss level the overall number of wins and losses and the win/loss ratio the overall profit and loss amount (assuming a quantity of 1) the net-profit and profit-ratio For the correct simulation of entry/exit prices, the script contains inputs for a percentage entry and exit slippage. The study also creates configurable alerts, which follow the exact position of the entry/exit markers. The default alert messages contain trading instruction to execute orders via Alertatron; but the message content can be replaced if configuring the alert in the Tradingview environment. The script was mainly backtested with crypto-coins, e.g. XBTUSD at 15min timeframe. But the script also works with any other type of security and timeframe. How to access This strategy is a "Invite Only" script. You can can subscribe or purchase the strategy; please use the link below or send me a message via Tradingview to obtain access to the strategy and study script. For enabling the script in your Tradingview chart window, click on "Indicators" and select "Invite-Only Scripts". Full list of alerts 'Alertatron Exit' ... Exit all open positions. 'Alertatron Enter Long' ... Enter long position, w/o stop-loss being used. 'Alertatron Enter Short' ... Enter short position, w/o stop-loss being used. 'Alertatron Enter Long SL' ... Enter long position, w/ stop-loss being used. 'Alertatron Enter Short SL' ... Enter short position, w/ stop-loss being used. Full list of parameters "Pivot Left Bars" ... Number of bars on the left of the pivot point - used for pivot /peak detection. "Pivot Right Bars" ... Number of bars on the right of the pivot point - used for pivot /peak detection. "MA Filter Fast" ... Moving Average filter fast period. "MA Filter Slow" ... Moving Average filter slow period. "Profit Target Option" ... Configure the profit-target either as a fix percentage value or an ATR. "Profit Target " ... Fix percentage profit-target. "Profit ATR Period" ... ATR profit-target period. "Profit ATR Factor" ... ATR profit-target factor/multiplier. "Stop Loss Option" ... Configure the stop-loss either as a fix percentage value or disable the stop-loss completely. "Stop Loss " ... Fix percentage stop-loss. "Rebuy Loss " ... Percentage loss of the initial position before script enter a nw position in the same direction. "Pyramiding" ... Maximum number of positions. "Show MA Plots" ... Show/hide Moving average plots. "Slippage Entry " ... Percentage slippage for entering a position. "Slippage Exit " ... Percentage slippage for exiting a position. "Statistic Label" ... Defines the position of the statistic label relatively to the last bar in the chart. "Backtest Start" ... Backtest start time; area outside this timeframe will be grayed out. "Backtest Stop" ... Backtest stop time; area outside this timeframe will be grayed out. "Backtest Mode" ... Closes the currently opened position if chart switches to last bar; please only enable if backtesting, otherwise it leads to unwanted alerts.
Pine Script™ indicator
by TradeFab
5
Mayer MultipleThe script implements a custom version of the Mayer multiple and it may be useful for analyzing the price of Bitcoin in a historical context. Note n.1: Mayer multiple does not tell whether to buy, sell or hold, but highlights the best long-term area when the bitcoin price is below a threshold value (2.4). Note n.2: the threshold value (2.4) has been determined in the past by simulations performed. The script user may decide whether to use the shown graph or another graph for the calculation of the Mayer multiple. The script is very easy to use and it is possible to change the following parameters: the period of SMA (default value is 200) the threshold (default value 2.4) Show or not the sell area Use or not the shown graph to calculate the Mayer multiple (default value is true) name of exchange to use for calculation of the Mayer multiple (default value is BNC) name of chart to use for calculation of the Mayer multiple (default value is BLX)
Pine Script™ indicator
by Ninorigo
3
Anticipated Simple Moving Average Crossover IndicatorIntroducing the Anticipated Simple Moving Average Crossover Indicator This is my Pinescript implementation of the Anticipated Simple Moving Average Crossover Indicator Much respect to the original creator of this idea Dimitris Tsokakis This indicator removes one bar of lag from simple moving average crossover signals with a high degree of accuracy to give a slight but very real edge. Moving Averages A moving average simplifies price data by smoothing it out by averaging closing prices and creating one flowing line which makes seeing the trend easier. Moving averages can work well in strong trending conditions, but poorly in choppy or ranging conditions. Adjusting the time frame can remedy this problem temporarily, although at some point, these issues are likely to occur regardless of the time frame chosen for the moving average(s). While Exponential moving averages react quicker to price changes than simple moving averages. In some cases, this may be good, and in others, it may cause false signals. Moving averages with a shorter look back period (20 days, for example) will also respond quicker to price changes than an average with a longer look back period (200 days). Trading Strategies — Moving Average Crossovers Moving average crossovers are a popular strategy for both entries and exits. MAs can also highlight areas of potential support or resistance. The first type is a price crossover, which is when the price crosses above or below a moving average to signal a potential change in trend. Another strategy is to apply two moving averages to a chart: one longer and one shorter. When the shorter-term MA crosses above the longer-term MA, it's a buy signal, as it indicates that the trend is shifting up. This is known as a "golden cross." Meanwhile, when the shorter-term MA crosses below the longer-term MA, it's a sell signal, as it indicates that the trend is shifting down. This is known as a "dead/death cross." MA and MA Cross Strategy Disadvantages Moving averages are calculated based on historical data, and while this may appear predictive nothing about the calculation is predictive in nature. Moving averages are always based on historical data and simply show the average price over a certain time period. Therefore, results using moving averages can be quite random. At times, the market seems to respect MA support/resistance and trade signals, and at other times, it shows these indicators no respect. One major problem is that, if the price action becomes choppy, the price may swing back and forth, generating multiple trend reversal or trade signals. When this occurs, it's best to step aside or utilize another indicator to help clarify the trend. The same thing can occur with MA crossovers when the MAs get "tangled up" for a period of time during periods of consolidation, triggering multiple losing trades. Ensure you use a robust risk management system to avoid getting "Chopped Up" or "Whip Sawed" during these periods.
Pine Script™ indicator
by The_Caretaker
11
REDWOOD King Bishop MA'sREDWOOD King Bishop MA's This indicator is based around moving averages to show short term and long term trends and possible trend reversals. There are a lot of factors in this indicator so I will explain how best to take trades depending on your trading strategy. Default MA settings are set and are one of the 2 recommended settings (other recommended settings are in the inputs for this indicator) These show short term swings and changes, while coloring the fill with the short and long term trends. Default labels show the Buy and Sell labels, along with the Strong Buy and Strong Sell labels. Buy labels should be taken as a tell that we could be reversing the trend, these labels will also allow you to get into trades earlier before a major trend change. For the most part I recommend trading on the Strong Buy and Sell labels, these are telling you the strong trend changes that are taking affect, giving the "last call" for good entry or sell signals. There is a long MA (Black) plot that is used as a support and resistance and when it is in the middle of the fill, this is telling you we are in the midst of the bull or bear run the indicator is showing. Times it is above or below the fast or slow MAs is taken as risky entries. you should only trade on these if other indicators are showing a reversal or entry themselves along with this indicator. I recommend using this indicator with the RSI or MacD, specifically the REDWOOD MTF MacD or REDWOOD Stochastic RSI. All MA fills are colored to show what is happening in the short term and also the long overall trend. A color change of the fast ma's while the overall trend is stable, lets you know of potential dips or exit positions. There are lots of settings that you can utilize with this indicator and they are as follows.. You can customize all MA lengths There are Scalp labels you can toggle on to show good scalp entries on both long and short sides. These are risky and only to be taken as potential exits or entries You can toggle all labels, buy/sell, StrongBuy/StrongSell, Bullish, Bearish, Pivots, and Scalp Pivot labels with this indicator are very risky, but can give you the best entries on a reversing market. These work best with a confirming indicator working along with these labels. Bullish and Bearish labels show when the overall trend has crossed the support or resistance, these are good trades to take if you are swing trading or want to see or be alerted of a change of overall trend. By default, which you can turn off, Bars are colored with the trend of the market, blocking out candles that could be opposite of the trend, reassuring a position. --------------------- Swing Trading : Buy on Strong Buy signals and Sell on Strong Sell signals Alternate Strategy : Buy on Bullish signals and Sell on Bearish signals MacD or RSI or Stoch RSI confirming the trend change on these will give you the best entries and exits possible. Scalp Trading : Buy and Sell on Scalp signals after turning them on. Alternate Strategy : Buy when the 2 Fast Ma's cross changing the color on the fill lime, and Sell when the Fast Ma's cross and change the fill color red. Alternate Strategy : Buy on Scalp on Buy or Sell Scalp signals and sell when Fast Ma's cross and change opposite your position, bullish or bearish. Again, a confirming indicator will help with entries and exits. Day Trading : Buy on Buy labels and Sell on Sell Labels Again, a confirming indicator will help with entries and exits. ---------------------- All settings, colors, and plots can be customized, and all are labeled to make it easy for you. Alerts for each label or trend change has been incorporated, so you never miss a trade opportunity! This can be a very useful indicator, and I'm sure some may find settings that work even better than the default or recommended settings. This indicator works on all markets, forex, cryptocurrency, and stocks. For access to this and all indicators available, please DM me here or See profile. We are here to help each other succeed! The more one succeeds the more we all succeed! We are all in this together and every person deserves to be financially independent and confident when taking trades and investing.
Pine Script™ indicator
by REDW00D
4
Pi Cycle Bitcoin Top IndicatorThe script implements the Pi Cycle Top indicator This indicator identifies tops in the bitcoin market cycle. Historically, the Pi Cycle Top indicator has called out tops in the price of bitcoin within three days. The script is very easy to use and it is possible to change the following parameters: the time interval (default value is day); the days of long moving average (default value is 365) the days of short moving average (default value is 111) show the moving average plots show the Pi Cycle Top label highlighting the cross-point
Pine Script™ indicator
by Ninorigo
22
The WaveRider - Help me to exit position!Hello, I always like to refer to my previous articles to allow people to understand where am I in terms of knowledge at the time when I write this article. BTC and ETH Long strategy version 1 BTC and ETH Long strategy version 2 Although some part of my crypto trading is automated via HaasOnline software, I like to take discretionary trades to feel the excitement of manual trading, especially during bull market :). I write this new article and script because I did struggle to decide when to exit a recent LONG position on Ethereum. Most of the novice traders struggles to know when to exit the position when gains are made. The is exactly what happens to many people trading cryptos in the beginning of this bull market. We always want more, we want to ride the wave as much as possible. We see the gains growing every day and don't want to exist the position because tomorrow will bring more gains. Yes, but sometimes there is a small retracement, the price is bleeding slowly but we want to hold because the price will move UP again in one of two days. So the big question is went to exit (or not). This subject is a difficult one because we are humans and highly influenced by our psychology. Depending on the mood we are in, we can take different decisions. If we are not feeling good and we are not in good mood, we will probably close a winning position as soon as a retracement comes in to keep our gains because we see this retracement as something bad. On the other side, if we feel good and are in a good mood that day, we might take to opposition decision and keep the trade running as we believe that this retracement is something healthy for the price to allow it to continue to move up. For novice traders, these emotions can impact the way how we trade and create frustrations if we exit a position too soon or too late. So, why not to let a script giving us advices on this decision? If we are not sure if we should exit or not, this script might help us to take a better decision. I have named this script the "WaveRider" because it is supposed to be used during bull market only when the asset is moving up. Best time frame to use with crypto such as Bitcoin and Ethereum are 2H, 4H and 6H candles. Even if it can also give you entry points to open a trade, the goal of this script is more to give you exit points. So, if you have opened a trade manually and you are wondering if this is the right time to close it, this script is made for you. Technically, entry points are based on 2 Moving averages (slow and fast). We can enter in position when crossing over. The Position can be closed if the same Moving averages are crossing down. In addition, it will exit if the price suddenly drops below the Moving average. I know it sounds simple and stupid, but sometimes we don't ask ourselves the right questions when taking the decision to exit a position. So, this script will remind you the basic stuff to consider before closing your position. I hope that such idea will help you to take good exit decisions in the future. Let me know if you need more details or want to access it.
Pine Script™ strategy
by philipina
Crypto EMA+MA+MACS by hobbeLeThis is an indicator that includes several EMAs and MAs (Used in Cryptotrading). In addition, the Golden and Death Cross are also displayed. Used MAs MA 7 - Orange Line MA 21 - Yellow Line MA 25 - Grey Line MA 99 - Blue Line MA 200 - Green Line Used EMAs EMA 200 - Grey Dotted Line EMA 222 - Pink Dotted Line Golden Cross Crossover MA25 + MA200 Death Cross Crossunder MA25 + MA200 What is a Moving Average (MA) ? A moving average (MA) is a widely used indicator in technical analysis that helps smooth out price action by filtering out the “noise” from random short-term price fluctuations. Moving average is a trend-following, or lagging, indicator because it is based on past prices. The most common applications of moving averages are: to identify the trend direction to determine support and resistance levels The two basic and commonly used moving averages are the simple moving average ( SMA ), which is the arithmetic average of a security over a defined number of time periods, and the exponential moving average ( EMA ), which gives greater weight to more recent prices. What is a Golden Cross? The golden cross is a candlestick pattern that is a bullish signal in which a relatively short-term moving average crosses above a long-term moving average. The golden cross is a bullish breakout pattern formed from a crossover involving a security's short-term moving average (such as the 15-day moving average) breaking above its long-term moving average (such as the 50-day moving average) or resistance level. As long-term indicators carry more weight, the golden cross indicates a bull market on the horizon and is reinforced by high trading volumes. What Is a Death Cross? The death cross is a technical chart pattern indicating the potential for a major selloff. The death cross appears on a chart when a stock’s short-term moving average crosses below its long-term moving average. Source; Investopedia
Pine Script™ indicator
by hobbeLe
3
Price Weighted MomentumThis indicator is a momentum indicator that is standardized by price. A.K.A (momentum / price) The purpose of this indicator is to compare momentum between different assets regardless of price. EX: Bitcoin will always have more momentum than XLE because it's price is $19000 (as of writing this) compared to XLE's price of $40 (as of writing this). But if you divide the momentum by price, you get a standardized value to better compare the 2. This indicator can be used to compare everything on TradingView. HOW TO USE/INTERPRET Positive values denote an uptrend Negative values denote a downtrend A value of 0 (or very very close to 0) denotes sideways price action WHAT'S INCLUDED Price Weighted Momentum (Unsmoothed by default) Optional smoothing with either a simple or exponential moving average Side note: I only added functionality of smoothing for EMA and SMA for my personal uses, but if you want a version of this with another way of smoothing (e.g. HMA, SSMA, etc.) that you would like, the cost of me adding that for you is a follow on Twitter. Just DM me there :)
Pine Script™ indicator
by jamiedubauskas
BTC and ETH Long strategy - version 2I wrote my first article in May 2020. See below BTC and ETH Long strategy - version1 After 6 months, it is now time to check the result of my script for the last 6 months. XBTUSD (4H): 14/05/2020 --> 22/11/2020 = +78% in 4 trades ETHXBT (4H): 14/05/2020 --> 22/11/2020 = +21% in 9 trades ETHUSD (4H): 14/05/2020 --> 22/11/2020 = +90% in 6 trades Using the signals from this strategy to trade manually has shown that this was a bit frustrating because of the low rate of winning trades. If you have to enter 100 trades and see 75% of them failing and 25% winning, this is frustrating. For sure the strategy makes good money but it is difficult to hold this mentality. So, I have reviewed and modified it to get a higher winning rate. After few days of work, tests and validation, I managed to get a wining rate close to 60%. The key element was also to decrease the number of trades by using a higher time frame. (4H candles instead of 2H candles). - Entry in position is based on MACD, EMA (20), SMA (100), SMA (200) moving up AND EMA (20) > SMA (100) AND SMA (100) > SMA (200) - Exit the position if: Stoploss is reached OR EMA (20) crossUnder SMA (100) The goal of this new script is to be able to follow the signals manually and only make few trades per years. I have also validated it against some other altcoins where some are giving very good results. Here are some results for 2020 (from 01/01/2020 until now (22/11/2020). Those results are the one I get when using 4H candles. ETH/USD: +144% in 8 trades. BTC/USD: +120% in 7 trades. ETH/BTC: +33% in 9 trades. ICX/USD: +123% in 10 trades. LINK/USD: +155% in 11 trades. MLN/USD: +388% in 8 trades. ADA/USD: +180% in 7 trades. LINK/BTC: +97% in 10 trades. The best is that above results are without considering compound effect. If you re-invest all gains done in each new trade, this will give you the below results :) ETH/USD: +189% in 8 trades. BTC/USD: +260% in 7 trades. ETH/BTC: +29% in 9 trades. ICX/USD: +112% in 10 trades. LINK/USD: +222% in 11 trades. MLN/USD: +793% in 8 trades. ADA/USD: +319% in 7 trades. LINK/BTC: +103% in 10 trades. As you can see, the results are good and the number of trades for 11 months is not big, which allows the trader to place orders manually. But still, I'm lazy :), so, I have also coded this strategy in HaasScript language which allows you to automate this strategy using the HaasOnline software specialized in automated crypto trading. I hope that this strategy will give you ideas or will be the starting point for your own strategy. Let me know if you need more details.
Pine Script™ strategy
by philipina
10
TrendsniperTrendsniper is an indicator built with MTF / 3D capability from the seconds to the weekly chart. It uses 2 key simple moving averages for MTF; the 20 and 21 with the zone fill using the 8 21 cross. We have incorporated the sma to avoid the whipsaw factor that an ema has so one can allow to stay in a trade while the trend remains as noted on the higher time frames and visible with MTF. The longer time frame MTF moving averages give you a picture of the overall trend allowing trader to objectively trade using them to measure potential reversals and price strength. You will see that every SMA has time designations such as "15S1M" which would mean that that specific SMA is for the local time frame of 15seconds with 1M mtf inclusion. 15M60M would mean that that SMA is for the 15M local time frame chart with 60M mtf inclusion; meaning you're able to see the 60M (60minute) SMA on your 15M (15minute) chart. The same goes for the other SMAs noted in Trendsniper. You will also notice that moving averages function as support and resistance and MTF moving averages may clearly note that on the chart. A simple moving average is a technical indicator that can aid in determining if an asset price will continue or if it will reverse a bull or bear trend. We have used the 8, 20, 21 SMAs in this indicator to assist one with identifying the existing trend and exiting a trade when his/her conditions as a trader are met.
Pine Script™ indicator
by TradersParadigm
MA+ADX+DMICOINBASE:BTCUSD BINANCE:BTCUSDT Use long and short moving average to look for a potential price in/out. (default as 14 and 7, bases on the history experience) ADX and DMI to prevent the small volatility and tangling MA. Test it in 4HR, "BINANCE:BTCUSDT" From 12/1/2017- 11/1/2020 (Mixed Bull/Bear market) Overall Profit:　560.89% From 1/1/2018 - 1/1/2019 (Bear market) Overall Profit:　-2.19% From 4/1/2020 - 11/1/2020 (Bull Market) Overall Profit: 274.74% Any suggestion is welcome to discuss.
Pine Script™ indicator
by codachang0726
4
WR W-FCPO RoboFCPO trading robot is build based on one of the WR FCPO Trading Strategy. The script will identify accumulation candle , Small candles (Min 2) inside Big Candle with Simple Moving Average (SMA) to identify trend Up or Down for Long or Short Entry condition at specific timeframe and will advice entry value and calculate advice take profit and stop loss based on % settable in the preset. Once entry is confirm, script will popup one label with detail of Long Entry Condition or Short Entry Condition. This is an accumulation candle being identified by the script : This is an example of indicator produced : This is an example of Long Entry Condition : This is an example of Short Entry Condition : Recommended Chart Settings: Asset Class: FCPO Active Contract Time Frame: 5 Minute Long Entry Conditions: a) Green Label with information of Buy Stop value, Take Profit Value and Stop Loss Value b) Buy Stop value will be plot with Black Circle symbol on the chart b) Take Profit value will be plot with Orange Cross symbol on the chart b) Stop Loss value will be plot with Red Cross symbol on the chart Short Entry Conditions: a) Red Label with information of Sell Stop value, Take Profit Value and Stop Loss Value b) Sell Stop value will be plot with Black Circle symbol on the chart b) Take Profit value will be plot with Orange Cross symbol on the chart b) Stop Loss value will be plot with Red Cross symbol on the chart Take Profit and Stop Loss value can be change based on user risk management. The entry label will appear once WR Q-Wyckoff Technique is valid (Accumulation Candle). Exit Conditions: a) Stop loss level is hit b) Take profit level is hit c) Last candle at the end of the day (at 17:59:45 or earlier) Disclaimer: This is a FCPO trading strategy that involves high risk of equity loss, You agree to use this script at your own risk. If you have any suggestions, comments or interested to use this script, kindly PM us to obtain an access.
Pine Script™ indicator
by wrpteam2020
6
Easy Loot Golden CrossGolden/Death Cross Moving Average Indicator 30, 100 & 200 period Simple Moving Average (SMA). 30 = Yellow 100 = Green 200 = Black Black crosses mark the 'golden crosses' as well as the 'death crosses'. These black crosses appear when the 30 crosses the 100 & when the 100 crosses the 200. These black crosses don't tell you when to buy/sell, but simply indicate interest in the market. This code is open-source so feel free to add this indicator to your chart and play around with the different moving average timeframes & color schemes. Golden Cross The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market. Basically, the short-term average trends up faster than the long-term average, until they cross. There are three stages to a golden cross: A downtrend that eventually ends as selling is depleted A second stage where the shorter moving average crosses up through the longer moving average Finally, the continuing uptrend, hopefully leading to higher prices Death Cross Conversely, a similar downside moving average crossover constitutes the death cross and is understood to signal a decisive downturn in a market. The death cross occurs when the short term average trends down and crosses the long-term average, basically going in the opposite direction of the golden cross. The death cross preceded the economic downturns in 1929, 1938, 1974, and 2008.
Pine Script™ indicator
by kyer
6
BB™ Bot V.1BB Bot, uses volatility indicators, moving averages, MACD, and other complex technical indicators alike to plot the "Bull" and "Bear" signals on the chart. BB Bot is able to plot the "Bull" and "Bear" signals for stocks, crypto, forex, and futures. Personally, I like to use this strategy for swing trades as that is my preferred trading style, although you can use this for day trades as well. This indicator was made so can automatically get notified when my technical setup has occurred on a stock that I like. Bear and Bull alerts can be easily set to any financial asset that you prefer. Key: Bull - Long Bear - Short If you have any suggestions as to how we can improve this indicator, please provide me with some feedback. I will be releasing more indicators for different trading styles specifically for lower time frames and such. This indicator will be updated over time to compensate for user feedback. If you have any questions feel free to comment/dm me here on TradingView. ------- DISCLAIMER IT SEEMS TO WORK WELL BUT STILL NO GUARANTEE ON PERFORMANCE. RISK WARNING PAST PERFORMANCE IS NOT NECESSARILY INDICATIVE OF FUTURE RESULTS. TRADERS SHOULD NOT BASE THEIR DECISION ON INVESTING IN ANY TRADING PROGRAM SOLELY ON THE PAST PERFORMANCE PRESENTED, ADDITIONALLY, IN MAKING AN INVESTMENT DECISION, TRADERS MUST ALSO RELY ON THEIR OWN EXAMINATION OF THE PERSON // OR ENTITY MAKING THE TRADING DECISIONS.
Pine Script™ indicator
by leyyoninvestments