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OPEN-SOURCE SCRIPT

Two MA Signal Indicator

By jason5480
Updated
This Signal Indicator that emits a signal based on two MAs crossover/crossunder. It is designed to be used as an External Input for "Template Trailing Strategy" to verify the correctness of the External Deal Condition Mode of the aforementioned script and the Internal Strategy logic. Also, this script is a simple example on how to create custom signal indicators that can be "pugged" to the "Template Trailing Strategy" and get all the features this strategy script can provide!
Release Notes
  • Minor refactoring
Release Notes
  • The convention that is demonstrated for this signal indicator is the following: The signal is a two digit integer. The second digit (the one on the left) is the channel of communication for the long deals and the first digit is the channel of communication for the short deals. To be more specific if the digit of the channel is 2 you start and if it is 1 you end the deal otherwise you do nothing. So the possible values are 20 (start long), 10 (end long), 02 (start short), 01 (end short), 00 (no operation), 21 (end short and start long), 12 (end long and start short). This approach has the advantage that you can pass information both for longs and shorts in the same bar. The user of this input may use the integer division and modulo by 10 to extract each digit and get signal for both channels
  • Change default fastMA color
Release Notes
  • Edit last comment to refer to the correct possible values of the signal
Release Notes
  • Set minimum value to MA length
Release Notes
  • Added trend filters into the indicator logic
  • Now indicator also can emit cancelation signals to inform the "Template Trailing Strategy" that should cancel any existing unfiled stop-limit orders
  • Draw the signals using external_input_utils library that also TTS uses to decode the signals
Release Notes
  • The ema now use security in a "secure" way so it does not repaint in higher timeframes in real-time bars...
Release Notes
  • Update exernal_input_utils library
Release Notes
  • Add alerts for start end and cancel signals.
Release Notes
  • Minor refactoring checking #region feature
Release Notes
  • Show the actual signal value in the status line and data window
Release Notes
  • Refactor to make it easier to copy-paste the Signal region to create your own signal indicator
Release Notes
Update internal libraries. Use the datagram library to compose the signal.
Release Notes
Refactor and update internal libraries
Release Notes
Update internal libraries
Release Notes
  • Update internal library "two_ma_logic" and add "series_collection"
Release Notes
  • Update internal libraries
  • Use enum
backtestableexternalsourcemovingavaragemoving_averageMoving Averages

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

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jason5480
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