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ES Trend-following Strategy with ExitsES Trend-following Strategy with Exits This Pine Script strategy is designed for trend-following in the ES futures market using the 9 EMA and 50 EMA crossovers, along with RSI and VWAP filters. Features Entry Signals: Long: When the 9 EMA crosses above the 50 EMA, price is above VWAP, and RSI is within the oversold/overbought range. Short: When the 9 EMA crosses below the 50 EMA, price is below VWAP, and RSI is within the oversold/overbought range. Exit Signals: The exit signals provided in this strategy are based on the 9 EMA crossing back below the 50 EMA for long positions, or above the 50 EMA for short positions. However, these exit signals may not be 100% accurate every time. To ensure you are exiting at the right time, always confirm that the 9 EMA has crossed the 50 EMA before closing your position. If the crossover hasn't occurred, it’s better to wait for it to happen, as exiting too early might result in missed profits. Note: The exit logic will be refined and updated in future versions to provide more effective and reliable trend reversal signals. Alerts: Alerts are triggered for entry and exit signals for both long and short positions. This strategy helps capture strong trends, and the exit logic will be improved for better trend reversal confirmation in future updates. Note: This script is for educational purposes and should be used at your own discretion. Always test strategies thoroughly before live trading.
Pine Script™ indicator
by rajatdutt5
3 EMA Indicator with Options"3 EMA Indicator with Customization" This Pine Script indicator plots three Exponential Moving Averages (EMAs) with fully customizable settings, providing traders with flexibility and control. Each EMA is individually configurable in terms of: Period Lengths: Choose the period for each EMA (default: 50, 100, 200). Source Type: Calculate each EMA based on a selected data source—open, high, low, or close prices. Visibility Toggle: Show or hide each EMA independently with checkboxes for a cleaner, more customized chart. The default colors are blue for the 50 EMA, green for the 100 EMA, and red for the 200 EMA, but all settings are adjustable in the indicator's settings panel. Uses and Benefits Trend Identification: This indicator helps identify the prevailing trend by analyzing multiple EMA crossovers and alignments. For instance, a 50 EMA above the 100 and 200 EMAs often indicates a strong bullish trend. Customizable Inputs: Users can choose specific price sources for the EMAs (open, high, low, close), allowing them to tailor the indicator to different trading strategies, such as those focused on highs or lows. Easy Visibility Control: The option to enable or disable each EMA provides a flexible view, letting users focus on specific EMA values or reduce chart clutter as needed. Support and Resistance: EMAs act as dynamic support and resistance levels. Price reactions around the 50, 100, and 200 EMAs can reveal potential entry and exit points for trades. Multi-Timeframe Compatibility: The indicator works across multiple timeframes, making it versatile for intraday, swing, and long-term traders. This script is a valuable tool for traders looking to simplify trend analysis and adjust the view to their preferred settings.
Pine Script™ indicator
by rohitjobeis
IG10x TrendLineBlocksAa cutting-edge tool designed to help traders identify and capitalize on key market movements with accuracy and confidence. By combining advanced trend detection with automated alerts, this script ensures you stay ahead of the market and make well-timed, profitable decisions. With real-time notifications of trend changes, you can catch both bullish and bearish shifts as they happen. The built-in visual tools make it easy to assess market conditions at a glance, letting you know when the market is primed for entry or exit. Say goodbye to guesswork and hello to clarity, precision, and increased profitability.
Pine Script™ indicator
by TraderShrewd08
Madhan_HMT_Ultimate_StrategyThis indicator is a trend-following strategy designed to identify buy and sell signals based on price action relative to dynamic channels and smoothing mechanisms. It uses two separate sets of parameters that adjust to market conditions, with each set of parameters acting as an independent trend filter. The indicator creates arrows on the chart to signal potential trade entries, with these arrows appearing when the price crosses certain thresholds established by the indicator's internal calculation. The strategy can be customized with various parameters, including: Stop loss and take profit levels based on multiple options: ATR (Average True Range), fixed points, or percentage-based values. Trading mode options that allow the user to choose whether the strategy trades both long and short positions, or restricts trades to only one direction (long or short). The indicator visually represents the entry levels, stop loss, and take profit levels, with backgrounds filling to highlight potential risk and reward areas. By adjusting the parameters, traders can tailor the indicator to suit different market conditions and their risk tolerance.
Pine Script™ strategy
by MadhanaGopal_P
Alpha Ai Reversal [Basic] Strategy : DAX30 AAPL GOLD XRP BNB XMR🚀 Alpha Ai Reversal Strategy : DAX30 AAPL GOLD XRP BNB XMR 🚀 The Alpha Ai Reversal strategy is a technical trading tool built to detect potential reversal points in various market conditions. By combining multiple indicators, it provides structured signals to help guide entry and exit points. 🔍 What the Script Does The script aims to identify potential price reversals, providing buy and sell signals that can be applied across different assets and timeframes. It’s designed to operate effectively in both trending and ranging markets, helping traders detect points where the market may shift direction. This strategy has been backtested extensively, covering 16 years on indices, commodities, and stocks, and 3-4 years on cryptocurrencies, ensuring reliability across varying conditions. ⚙️ How the Script Works Candlestick Count 9/13 This strategy utilizes the Candlestick Count 9/13 chosen for its ability to adapt in both trending and ranging markets. Unlike traditional indicators, which often struggle in sideways conditions, it helps highlight potential reversal points regardless of market trend. Moving Averages for Confirmation The script includes three moving averages to confirm each signal, providing an additional filter for entry and exit points. These moving averages help ensure that signals align with broader market trends, which may reduce false signals. Dynamic Trailing Stop-Loss A dynamic trailing stop-loss is employed to manage risk. This stop-loss level, based on one of the moving averages, adjusts with the price movement, helping to lock in profits or limit losses as the trade progresses. Optimized Take-Profit The strategy calculates take-profit levels by analyzing historical data, scanning past price behavior to identify an optimized exit point. This data-driven take-profit level is tailored to align with historical performance, aiming to capture favorable price levels over time. 💵 Money Management & Capital Setup To help traders maximize returns while protecting capital, this strategy is designed to work best when following the 2% risk management rule. This guideline means that no more than 2% of total portfolio capital should be risked on a single trade, aiming to minimize potential losses while allowing for sustainable growth. In addition, we provide guidance on position sizing and stop-loss placement to support disciplined trading. The strategy offers a balance between capital preservation and risk-taking, helping users manage individual trades without overexposing their portfolio. 📈 How to Use It Apply the script to a TradingView chart for a supported asset and timeframe. Follow the provided buy and sell signals. Adjust asset and timeframe settings as indicated below to support signal accuracy. DAX30 (OANDA) → 6H Apple Stock (NASDAQ) → 2H Gold (TVC) → 8H Monero - BYBIT:XMRUSDT.P → 1H Ripple - BYBIT:XRPUSDT.P → 1H Binance - Coin BYBIT:BNBUSDT.P → 4H 🔒 Why the Source Code is Protected The Alpha Ai Reversal strategy is a limited version of our private strategy, Alpha Ai Reversal [ULTIMATE}. The full version has been specifically optimized for over 96 assets, incorporating refined calculations and proprietary adjustments tailored to each asset. To maintain the integrity and effectiveness of the strategy, the source code for the Alpha Ai Reversal remains protected. 📝 Risk Disclaimer Trading involves risk, and while this strategy is designed to assist in decision-making, it does not guarantee profits. We advise testing the strategy on a demo account or starting with a small capital allocation, following risk management guidelines, and seeking professional advice if needed.
Pine Script™ strategy
by Alpha-Capital
The Forexation: Super Trend SignalsOverview: The Forexation: Super Trend Signals (STS) indicator was crafted to enhance visualization of market trends by integrating multiple technical analysis tools and adding logic to them so they color bullish, bearish, counter trends, and cautious trends. By combining standard and higher-timeframe Supertrends with dynamic EMAs and VWAP, STS offers a multi-dimensional view of market dynamics. This synergy allows traders to: Assess Trend Strength and Alignment Identify Momentum Shifts and Reversals Gauge Market Sentiment through Volume-Weighted Pricing Filter Out Market Noise for Clearer Signals Key Features and Synergy: 1. Dual Supertrend Analysis: Standard Supertrend: Utilizes the Average True Range (ATR) and a multiplier factor to detect immediate market trends. Customizable ATR Length and Factor to adjust sensitivity to market volatility. Used as a guide to help follow the trend and identify where if price breaks through we can be reversing trend or entering a counter/cautious trend. Higher Time Frame (HTF) Supertrend: Integrates Supertrend data from a higher timeframe for a broader market perspective. Smoothing applied via an EMA to reduce lag and false signals. **Synergistic Effect: Trend Alignment: By analyzing both standard and HTF Supertrends, STS identifies when short-term trends align with long-term trends, increasing the reliability of trend signals. Dynamic Adjustments: Traders can adjust parameters to fine-tune the balance between responsiveness and stability. 2. Customized EMAs with Contextual Color-Coding: Fast and Slow EMAs: Customizable periods to match different trading strategies and timeframes. EMAs are used to identify momentum shifts and potential reversals through crossovers. Dynamic Color-Coding: EMA lines change color based on their relationship with each other, the Supertrends, and VWAP. Visual Interpretation: Bullish Alignment: Fast EMA above Slow EMA, both above Supertrend and VWAP, signals strong upward momentum. Bearish Alignment: Fast EMA below Slow EMA, both below Supertrend and VWAP, signals strong downward momentum. Caution Zones: Misalignment or crossovers indicate potential reversals or consolidation. **Synergistic Effect: Momentum Confirmation: EMA crossovers are validated against Supertrend directions, reducing false signals. Support and Resistance Zones: The area between EMAs acts as dynamic support/resistance, visualized through an optional fill. 3. VWAP Integration for Volume-Weighted Insights: VWAP Analysis: Calculates the average price weighted by volume, providing insights into institutional trading levels and market sentiment. **Synergistic Effect: Trend Validation: Confirms trend strength by analyzing whether price and EMAs are above or below VWAP. Counter-Trend Detection: Identifies potential pullbacks or reversals when price interacts with VWAP against the prevailing trend of the standard and higher time frame SuperTrend. 4. Composite Signal Generation: Color-Coded Market Conditions: Bullish Signals (Green): Strong upward trends with alignment across standard + HTF Supertrend, EMAs, and price above VWAP. Bearish Signals (Red): Strong downward trends with inverse alignment. Caution State (Orange): Potential market reversals or uncertainty when indicators are misaligned. (Example: price above VWAP but under HTF SuperTrend) Counter-Trend Conditions (Yellow): Signals possible pullbacks or consolidations when price or EMAs cross VWAP. (Example: Price is above VWAP & HTF SuperTrend but the EMAs and Standard SuperTrend are in a down trend) **Synergistic Effect: Enhanced Signal Accuracy: By requiring multiple confirmations across different indicators and timeframes, STS filters out noise and increases the probability of trends in the market. Timely Alerts: Alerts are generated when critical conditions are met, keeping traders informed of significant market movements. Underlying Concepts and Calculations: Supertrend Algorithm: Calculation: Supertrend is calculated using ATR to set a dynamic trailing stop that follows price movements. The indicator switches between bullish and bearish modes when price crosses the Supertrend line. Customization: ATR Length and Factor can be adjusted to make the Supertrend more or less sensitive to price changes. In STS: Both standard and HTF Supertrends are used, with the HTF providing longer-term trend context. Exponential Moving Averages (EMAs): Calculation: EMAs apply more weight to recent prices, making them more responsive than Simple Moving Averages (SMAs). Crossovers between Fast and Slow EMAs signal potential momentum shifts. Customization: Periods for Fast and Slow EMAs are user-defined to suit different trading styles. In STS: EMA behavior is analyzed in conjunction with Supertrend and VWAP to validate signals. Volume Weighted Average Price (VWAP): Calculation: VWAP accumulates total dollars traded (price times volume) divided by total volume over a specific period. Reflects the average price at which the instrument has traded throughout the day based on both price and volume. **In STS: VWAP serves as a dynamic support/resistance level. Interaction with VWAP can indicate shifts in market sentiment, especially when combined with other indicators. Justifying the Value of STS: Holistic Market Analysis: STS doesn't just merge indicators; it creates a cohesive system where each component validates and enhances the others. This integrated approach offers a more reliable analysis than using individual indicators in isolation. Customizable and Adaptive: Traders have control over key parameters, allowing STS to be tailored to different markets and trading styles. The ability to adjust sensitivity helps in adapting to varying market conditions. Enhanced Decision-Making: By providing clear visual cues and alerts, STS aids in quick interpretation of complex market data. The indicator helps in identifying high-probability trend opportunities and managing risk effectively with trailing SuperTrend guidance. Unique Signal Filtering: The combination of multiple confirmations reduces the likelihood of false trend signals. The use of higher timeframe data and volume-weighted analysis adds depth to trend assessment. How to Use STS Effectively: 1. Configuring Settings: Supertrend Settings: Adjust ATR Length and Factor to set the desired sensitivity. Select the Higher Time Frame for the HTF Supertrend to align with your trading horizon. Set the Smoothing Period for the EMA applied to the HTF Supertrend. EMA Settings: Define periods for Fast and Slow EMAs based on your strategy. Ensure the Fast EMA period is shorter than the Slow EMA for effective crossovers. Color and Display Settings: Customize colors for different market conditions to enhance visual clarity. Choose whether to display the HTF Supertrend, EMA lines, EMA fill, and VWAP. 2. Interpreting Signals: Bullish Scenario: Supertrends indicate an uptrend. Fast EMA crosses above Slow EMA, both trending upwards. Price and EMAs are above VWAP. Action: Consider long positions, using the standard Supertrend as a trailing stop. Bearish Scenario: Supertrends indicate a downtrend. Fast EMA crosses below Slow EMA, both trending downwards. Price and EMAs are below VWAP. Action: Consider short positions. using the standard Supertrend as a trailing stop Caution and Counter-Trend Signals: Misalignment between indicators or color changes to orange/yellow. Action: Exercise caution, tighten stops, or wait for clearer signals. 4. Setting Up Alerts: Access the Alerts menu. Configure alerts for: Supertrend Direction Changes EMA Crossovers Price Crossing VWAP Set alert actions and ensure they trigger on confirmed data by selecting "Once Per Bar Close." Example Trading Strategies: Trend Following: Use STS to identify strong trends where all indicators are aligned. Enter positions in the direction of the trend. Use Supertrend lines as dynamic stop-loss levels. Pullback Entries: Wait for price to pull back to the EMA fill area or VWAP in a prevailing trend. Look for bounce signals off these levels when supported by Supertrend direction. Counter-Trend Opportunities: Identify potential reversals when caution or counter-trend signals appear. Confirm with additional analysis or indicators before taking positions against the main trend. Disclaimer: This indicator is intended to aid in technical analysis and should be used as part of a comprehensive trading strategy. It does not guarantee profits and carries the risk of loss. Trading financial instruments involves significant risk; please consult with a qualified financial advisor before making any investment decisions. Past performance is not indicative of future results. Final Notes: The Forexation: Super Trend Signals (STS) indicator represents a thoughtfully engineered tool that brings together multiple technical elements to provide a more nuanced understanding of market behavior. By leveraging the strengths of Supertrend, EMAs, and VWAP in unison, STS aims to enhance trading precision and confidence in the trends the market creates but also guide risk management levels for managing a trade and stop loss areas. We are committed to continuous improvement and value user feedback. Please share your experiences and suggestions to help us refine the indicator further. Happy Trading!
Pine Script™ indicator
by TheForexation
New Rate - PROIndicator Description: New Rate - PRO The New Rate - PRO is an advanced trading indicator designed to assist traders in identifying significant price levels and potential reversal points within a specified time frame. By highlighting key highs and lows, projecting trendlines, and providing visual cues, this indicator enhances your ability to make informed trading decisions. It offers extensive customization options, ensuring adaptability to various trading styles and market conditions. --- Key Features: Customizable Color Themes: Choose between Dark and Light color styles to match your chart preferences. High and Low Line Detection: Automatically identifies and draws lines for significant high and low price levels within the defined analysis period. Midline Projection: Optionally displays a midline representing the 50% range between the detected high and low, aiding in trend analysis. Candle Coloring: Colors the first six candles within the analysis range with a specific color, while the remaining candles are displayed in a subdued gray for clarity. Trading Session Highlight: Highlights the designated trading hours on the chart, providing a clear visual reference for active trading periods. Touch Detection Arrows: Plots arrows on the chart when the price touches the detected high or low levels, indicating potential trading opportunities. Extensive Customization Options: Allows users to adjust line colors, styles, widths, label texts, and more to suit individual trading preferences. Timeframe and Range Configuration: Defines the specific timeframe and time range for analysis, ensuring precise detection of significant price levels. How Does the Indicator Work? Color Style Selection: - Choose between "Dark" or "Light" themes to match your chart setup, adjusting the color palette for optimal visibility. High and Low Line Detection: - The indicator analyzes the first six candles within the specified time range to identify the highest and lowest price levels. - Once detected, it draws horizontal lines extending 25 candles to the right, marking these significant levels on the chart. Midline Projection: - If enabled, the indicator calculates the midpoint between the detected high and low. - It then draws a horizontal line at this midpoint, providing an additional reference for potential support or resistance. Candle Coloring: - The first six candles within the analysis period are colored based on user selection (default: yellow). - Subsequent candles are displayed in a semi-transparent gray, allowing the key candles to stand out. Trading Session Highlight: - Highlights the active trading hours on the chart using a semi-transparent orange background. - This visual aid helps traders focus on periods of increased market activity. Touch Detection Arrows: - When the price touches the previously detected high or low levels, the indicator plots an upward green arrow or a downward red arrow, respectively. - These arrows signal potential entry points for buy or sell trades. Customization of Labels and Lines: - Users can customize the colors, styles (Solid, Dotted, Dashed), and widths of the high, low, and midline. - Label texts and font sizes are also adjustable to enhance readability. How to Use the Indicator? Setup Color Themes: - Select your preferred color theme ("Dark" or "Light") to ensure the indicator aligns with your chart's appearance. Configure High and Low Lines: - Adjust the line color, style, and width to clearly distinguish high and low levels on the chart. - Enable or disable the midline based on your analysis needs. Set Timeframe and Analysis Range: - Define the chart's timeframe in minutes (e.g., 5 minutes) to tailor the indicator's sensitivity. - Specify the start and end hours and minutes for the analysis period to focus on specific trading sessions. Customize Candle Colors: - Choose the color for the first six candles within the analysis range. - The remaining candles will automatically be displayed in a default gray color. Enable Trading Session Highlight: - Activate the background highlight for the trading session to visually separate active trading hours from inactive periods. Monitor Touch Detection Arrows: - Watch for green upward arrows indicating potential buy signals when the price touches the high level. - Look for red downward arrows signaling potential sell opportunities when the price reaches the low level. Adjust Labels and Visual Elements: - Modify label texts and font sizes to ensure clarity and avoid clutter on the chart. - Fine-tune line styles and colors for better visual differentiation. Plan Your Trades: - Use the detected high and low levels as reference points for setting entry, stop-loss, and take-profit levels. - Combine with other technical analysis tools to confirm trade signals and enhance decision-making. --- What Makes This Indicator Original? Dynamic High and Low Detection: Automatically identifies significant price levels within a defined time range, providing timely insights into market movements. Midline Projection Feature: Offers an additional reference point by calculating and displaying the midpoint between high and low levels, aiding in trend analysis. Customizable Visual Elements: Extensive customization options for colors, styles, and labels allow traders to tailor the indicator to their specific preferences and trading environments. Touch Detection Arrows: Provides clear visual signals when the price interacts with key levels, facilitating quick decision-making for trade entries. Trading Session Highlight: Enhances focus by visually distinguishing active trading periods, helping traders concentrate on high-probability trading times. Trade Summary Visualization: (If applicable based on code) Offers a summary of recent trades, allowing traders to assess performance directly on the chart. Additional Considerations Testing and Optimization: Before deploying the indicator in live trading, test it on historical data and a demo account to fine-tune settings according to your trading strategy. Complementary Analysis: Use the indicator alongside other technical analysis tools such as moving averages, trendlines, and oscillators to confirm trade signals. Risk Management: Always set appropriate stop-loss and take-profit levels to manage risk effectively, regardless of the indicator's signals. Stay Informed: Keep abreast of market news and economic events that may influence price movements and affect the indicator's performance. Adjust for Different Assets: Customize the indicator's settings based on the asset's volatility and trading behavior to enhance accuracy and reliability. --- Example Configuration To help you get started, here is an example configuration: Color Style: Dark Line Color (High and Low): Red Line Style (High and Low): Dotted Line Width (High and Low): 2 Midline Color (50%): Blue Show Midline: Yes Label Text Color: Gray Label Font Size: Medium Candle Color (First 6 Candles): Yellow Default Candle Color (Remaining Candles): Semi-transparent Gray Timeframe Minutes: 5 Analysis Start Time: 08:35 Analysis End Time: 09:05 These settings are optimized for a 5-minute XAUUSD chart during the 8:35 to 09:05 trading session, highlighting key price levels and providing clear visual signals for potential trades. Conclusion The New Rate - PRO indicator is tool that combines dynamic price level detection with extensive customization and real-time visual cues. By automatically identifying significant highs and lows, projecting trendlines, and signaling potential trade opportunities, it enhances your ability to navigate the markets effectively. Its adaptability through customizable settings ensures that it can be tailored to various trading styles and market conditions, making it a valuable addition to any trader's toolkit.
Pine Script™ indicator
by PoPeyGroupinc
14
Institutional Footprint Reversals// This indicator combines volume delta analysis in the form of footprint with MFI to identify potential reversal points in the market. // // Signal Generation: // Bearish Signals: // - Price closes below Candles Point of Control (POC) // - Top two delta levels show positive flow (accumulation at highs) // - MFI above 65 (overbought condition) // // Bullish Signals: // - Price closes above Candles Point of Control (POC) // - Bottom two delta levels show negative flow (accumulation at lows) // - MFI below 35 (oversold condition) // // The indicator uses footprint volume analysis to track delta flow at different price levels, // helping identify potential reversals when institutional activity shows signs of accumulation // or distribution at key levels.
Pine Script™ indicator
by mindyourbuisness
Mousanoo Momentum HistogramThe Mousanoo Momentum Histogram is a tool that visualizes higher time frame momentum by a factor of 2,3,4,5, or 6. The default is 3. This tool is best used in trend following systems. Optimally you find entry very near when the histogram bar has made a new print above or below the zero line after being on the opposite side of the zero lline. When this happens, maybe try waiting until three bars have printed for confirmation, you can be reasonably assured you have caught near the bottom or top of a new trend.
Pine Script™ indicator
by Mousanoo
MoneyTaur v3.7 (Untouched Bodies Indicator) BETA VERSIONFor students of MoneyTaur. The focus of this indicator is identifying "Untouched Bodies" of order blocks and breaker blocks. This indicator shows Fair Value Gaps, untested naked Order Blocks (bodies only) and hidden untested order blocks (bodies only). The indicator shows FVGs with a .5 EQ of the FVG marked. The indicator should be relatively easy to use and understand. Feel free to leave comments for improvements.
Pine Script™ indicator
by Alystyr
2
RSI von JanCertainly! Here's a shorter version of the explanation: ### RSI Indicator Overview: This script calculates the **Relative Strength Index (RSI)** and overlays an **EMA55** on the RSI. It also visually highlights overbought and oversold conditions. 1. **RSI Calculation**: - The RSI is calculated based on average gains and losses over a defined period (default is 14). - It uses `ta.rma()` to smooth the gains and losses. 2. **Color Changes**: - The RSI line is **red** when the RSI is above 71 (overbought), **green** when it's below 29 (oversold), and **blue** for neutral values between 29 and 71. - The color also adjusts based on whether the RSI is rising or falling. 3. **Bands**: - Horizontal lines at **70** and **30** mark the overbought and oversold levels. - A shaded purple area fills between these levels. 4. **EMA55**: - A 55-period **Exponential Moving Average (EMA)** is plotted on the RSI to show longer-term trends. ### Summary: - **RSI > 70**: Overbought, potential for a reversal. - **RSI < 30**: Oversold, potential buying opportunity. - **EMA55** helps identify longer-term trends. This script provides a clear visual representation of the RSI with color-coded conditions and an EMA for trend analysis.
Pine Script™ indicator
by BTCBombie
Trend Bend"Trend Bend" Indicator - Recognizing a Change in Trend "Trend Bend" is an indicator created for easy visualization of trends and their change through the crossover of two moving averages (Moving Averages - MAs). This indicator helps traders determine market direction and possible trend reversals using a simple yet effective method. Basic Script Functions and Logic Pair Moving Averages: Fast MA with a default length of 10 and Slow MA with a length of 30. The fast moving average follows the current price more closely, while the slow moving average smooths out the trend. Crossing between the two indicates a change in trend direction. Lengths can be changed according to the user's preferences and trading style. Trend Reversal Signals: When the fast moving average crosses the slow moving average from the bottom up, an "UP" signal is displayed - indicating a possible uptrend. When the fast moving average crosses the slow moving average from top to bottom, a "DOWN" signal is displayed - indicating a potential downtrend.
Pine Script™ indicator
by Kokadze