Han Algo - Moving average strategy

Han Algo Indicator Strategy Description

Overview:
The Han Algo Indicator is designed to identify trend directions and signal potential buy and sell opportunities based on moving average crossovers. It aims to provide clear signals while filtering out noise and minimizing false signals.

Indicators Used:

Moving Averages:
200 SMA (Simple Moving Average): Used as a long-term trend indicator.
100 SMA: Provides a medium-term perspective on price movements.
50 SMA: Offers insights into shorter-term trends.
20 SMA: Provides a very short-term perspective on recent price actions.
Trend Identification:

The indicator identifies the trend based on the relationship between the closing price (close) and the 200 SMA (ma_long):
Uptrend: When the closing price is above the 200 SMA.
Downtrend: When the closing price is below the 200 SMA.
Sideways: When the closing price is equal to the 200 SMA.
Buy and Sell Signals:

Buy Signal: Generated when transitioning from a downtrend to an uptrend (buy_condition):
Displayed as a green "BUY" label above the price bar.
Sell Signal: Generated when transitioning from an uptrend to a downtrend (sell_condition):
Displayed as a red "SELL" label below the price bar.
Signal Filtering:

Signals are filtered to prevent consecutive signals occurring too closely (min_distance_bars parameter):
Ensures that only significant trend reversals are captured, minimizing false signals.
Visualization:

Background Color:
Changes to green for uptrend and red for downtrend (bgcolor function):
Provides visual cues for current market sentiment.
Usage:

Traders can customize the indicator's parameters (long_term_length, medium_term_length, short_term_length, very_short_term_length, min_distance_bars) to align with their trading preferences and timeframes.
The Han Algo Indicator helps traders make informed decisions by highlighting potential trend reversals and aligning with market trends identified through moving average analysis.
Disclaimer:

This indicator is intended for educational purposes and as a visual aid to support trading decisions. It should be used in conjunction with other technical analysis tools and risk management strategies.