Decam9

Moving Average Crossover with Shading Signals

This script uses 3 moving averages (2 simple moving averages and 1 exponential moving average ) to signal long and short opportunities based on moving average crossovers.


A long SMA (Signal SMA2) is used to determine longer term trend. When the EMA crosses above the Slow SMA1 and price is above the Signal SMA2. The space between the moving averages will shade green and the Signal SMA should also be green.

A sell signal occurs when the EMA crosses below the Slow SMA1 and price is below the Signal SMA2. The space between the moving averages will turn red and the Signal SMA should also be red.

A retracement, consolidation, or reversal may be occurring if the shaded color is yellow.

Use the identifying shapes to learn when to open or close positions.
Phát hành các Ghi chú: Revising to fit the TradingView House Rules.
Phát hành các Ghi chú: In this version, I have added the option for what I call Dynamic Moving Averages (not sure if they are already a thing). When "Dynamic Moving Average" is turned on, the source for the moving average will be changed to high or low based on the current trend. The idea is that in an uptrend, closing below the moving average that is tracking average lows will signal a possible reversal to the downside. Vice Versa, in a downtrend, closing above a moving average that tracks the highs will also show a reversal to the upside.



How to Use:
EMA Strength - This will show how strong a trending market is. A strong market will use this MA as support.
SMA1 Pullback - This will be support in the event that the asset closes below the ema.
SMA2 Trend - This determines whether the asset is in an uptrend or downtrend.

1. Only take buy positions when the shading is green and sell positions when the shading is red. Be careful taking positions after trend reversals as this is when most false signals are produced.
2. Consider closing the position if the moving averages crossover OR if you have dynamic moving averages turned on and we close on the other side of the Dynamic Moving Average. (No signal will be printed for the dynamic)

FYI
- Using the dynamic moving averages will produce more signals during consolidation periods and choppy reversals. I recommend using them with the default settings on the 4h or higher.
- I recommend using either the shading signal OR the emoji signal to keep your charts clean.
Mã nguồn mở

Với tinh thần của TradingView, tác giả đã xuất bản tập lệnh theo mã nguồn mở, vì thế trader có thể dễ dàng hiểu và tùy chỉnh được. Bạn có thể sử dụng miễn phí, hoặc tùy chỉnh lại mã đã được cấp phép bởi Quy tắc Chung. Bạn có thể sử dụng nó trên biểu đồ.

Bạn muốn sử dụng tập lệnh này trên biểu đồ?

Bình luận

Thanks for a great piece of scripting - allows each user to try their own favorite MA lengths. Visually it looks like it will work. Have you managed to back test the strategy.
Phản hồi
Great strat! Thanks for sharing! One question though - what's the diff between the red "X" and green "X" signals? As far as I can interpret, a green "label up" = open position, a red "label down" = trim position, a red "X" = close position. Am I understanding this correctly? If so, what's with the green "X"?
Phản hồi
Decam9 SvennyD
@SvennyD, Thanks! And Yes, thats basically it. The color of the X corresponds to the direction of the trade. Green colors refer to long positions and red colors refer to short positions. So a green X would mean to close the long position.
Phản hồi
SvennyD Decam9
@Decam9, much appreciated, friend!
Phản hồi
Decam9 SvennyD
@SvennyD, You're welcome. Let me know if you have any feedback as well. Looking to make this a little better.
Phản hồi
SvennyD Decam9
@Decam9, One last Q - do you have a suggested timeframe in which you feel this may work best with?
Phản hồi
Decam9 SvennyD
@SvennyD, Great Q. I dont have that answer just yet, but when I was designing this I had medium ranges in mind (30min 1hr 4hr Daily) for the default settings. The moving average lengths can be altered to fit the time frame though. Im currently using 5 ema, 20 sma and 50 sma for swing trading and its working well so far.
Phản hồi
thanks YOU brother. This may be a compensation for my past losses - I hope I earn a lot of money
Phản hồi