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Simple Moving Average (SMA)

MA SniperThis indicator automatically finds the most effective moving average to use in a price crossover strategy—so you can focus on trading, not testing. It continuously evaluates a wide range of moving average periods, ranks them based on real-time market performance, and selects the one delivering the highest quality signals. The result? A smarter, adaptive tool that shows you exactly when price crosses its optimal moving average—bullish signals in green, bearish in red. What makes it unique is the way it thinks. Under the hood, the script doesn’t just pick a random MA or let you choose one manually. Instead, it backtests a large panel of moving average lengths for the current asset and timeframe. It evaluates each one by calculating its **Profit Factor**—a key performance metric used by pros to measure the quality of a strategy. Then, it assigns each MA a score and ranks them in a clean, built-in table so you can see, at a glance, which ones are currently most effective. From that list, it picks the top-performing MA and uses it to generate live crossover signals on your chart. That MA is plotted automatically, and the signals adapt in real-time. This isn’t a static setup—it’s a dynamic system that evolves as the market evolves. Even better: the indicator detects the type of instrument you’re trading (forex, stocks, etc.) and adjusts its internal calculations accordingly, including how many bars per day to consider. That means it remains highly accurate whether you’re trading EURUSD, SPX500, or TSLA. You also get a real-time dashboard (via the table) that acts as a transparent scorecard. Want to see how other MAs are doing? You can. Want to understand why a certain MA was selected? The data is right there. This tool is for traders who love crossover strategies but want something smarter, faster, and more precise—without spending hours manually testing. Whether you're scalping or swing trading, it offers a data-driven edge that’s hard to ignore. Give it a try—you’ll quickly see how powerful it can be when your MA does the thinking for you. This tool is for informational and educational purposes only. Trading involves risk, and past performance does not guarantee future results. Use responsibly.
Pine Script® indicator
by Julien_Eche
1
SMA7 Tail Reversal📌 Description: The SMA7 Tail Reversal indicator is designed to identify potential counter-trend trading opportunities by checking if candle wicks (tails) respect a key moving average level (SMA7). This indicator highlights price action where candles are clearly separated from the moving average, suggesting a possible reversal or temporary correction. 📌 How It Works: Moving Average Calculation: Calculates a simple moving average (SMA) of length 7 to act as the primary trend filter. Candle Classification: Bullish Candle: A candle where the closing price is higher than the opening price, with a short upper wick. Bearish Candle: A candle where the closing price is lower than the opening price, with a short lower wick. Conditions for Coloring Candles: Long Condition (Green Candle): High & Low are both below the SMA7 line. Volume is above the 20-period average. A bullish candle is detected. Short Condition (Red Candle): High & Low are both above the SMA7 line. Volume is above the 20-period average. A bearish candle is detected. 📌 Visual Representation: Green Candles: Potential long signals when price action stays below the SMA7 line. Red Candles: Potential short signals when price action stays above the SMA7 line. Yellow Line: SMA7, used as the dynamic threshold for signal generation. 📌 Usage: Best applied to volatile markets with clear trends. Effective in detecting counter-trend opportunities where price diverges from the SMA7 line. Works well with additional confirmation tools for better accuracy.
Pine Script® indicator
by rikyu04
1
Configurable MA Cross (MA-X) StrategyThis is a simple crossover strategy with configurable moving averages for entry and exits. You can also select the type of moving average you want to use. Support moving averages are SMA, EMA, WMA and HMA. Why? Trend following using crossovers is a very common strategy though people use different combinations of moving averages and types. I was also experimenting the same and decided to create this instead of changing the code every time I wanted to try a different period or moving averages. With a right combination, you can make this work for nearly any sufficiently liquid instrument. The default combination of 21 (Fast) and 55 (Slow) EMA along with 34 EMA for exit works well on COINBASE:BTCUSD (4H/1D) and NSE:NIFTY (1D) though it needs to be tested more. TBH I haven't tried it on any other instrument so far but that's easy to do with simple and flexible options. Enjoy!
Pine Script® strategy
by YetAnotherTA
7
Smart Wick AnalyzerOverview: The Smart Wick Analyzer (SWA) is designed to help traders identify potential liquidity grabs and high-probability reversal zones based on extended wicks combined with volume and trend confirmation. It visually marks significant upper and lower wick events and highlights possible turning points in the market using wick-to-body ratios and other market context filters. How It Works: This indicator evaluates wick-to-body ratios to detect candles with disproportionately long upper or lower wicks — a common signature of stop hunts or liquidity grabs. To improve signal reliability, it incorporates: • Trend Filter using a Simple Moving Average (SMA). • Volume Confirmation relative to average volume. • Cooldown Period to avoid repetitive signals in tight price zones. When all conditions align, the indicator plots a Buy Signal (triangle up) for long lower wicks in an uptrend, and a Sell Signal (triangle down) for long upper wicks in a downtrend. Additionally, it draws open/close dotted lines extending from signal candles to provide context for future price interaction zones. Key Features: • Wick-to-body ratio detection logic. • Trend confirmation using user-defined lookback SMA. • Volume threshold multiplier filter. • Cooldown mechanism to prevent signal clustering. • Visual cues: Triangles, bar coloring, and signal lines. • Built-in alert conditions for Buy/Sell signal detection. • Clean chart representation with minimal noise. How to Use: • Use it as a reversal confirmation tool near support/resistance or liquidity zones. • Combine with your existing price action or structure-based strategies. • Works effectively across timeframes, but best results are often seen on 15min to 1H charts. • Ideal for discretionary scalpers or swing traders looking to refine entry points. Why This Combination? Wick traps alone can be misleading. By combining price wick behavior, trend alignment, and volume confirmation, this tool aims to filter out noise and highlight only the most contextually relevant wick-based reversal signals. The cooldown period further enhances signal quality by avoiding back-to-back triggers. Why It’s Worth Using: Smart Wick Analyzer is not just a wick detector—it’s a multi-layered reversal signal filter that offers clear visual guidance without cluttering your charts. Whether you’re catching traps or refining your entries, it helps add structure and consistency to your decision-making. Note : This script follows TradingView’s publishing guidelines. It does not include performance guarantees or promotional content and is designed for educational and analytical purposes only.
Pine Script® indicator
by TradeTechanalysis
Multi-Timeframe RSI-SMA Strategy [EB]Here's a concise English explanation of the optimized multi-timeframe RSI-SMA strategy: --- ### **Strategy Overview** A dynamic trading system combining **RSI-SMA crossovers** with adaptive parameters for all timeframes (1min to monthly). Automatically adjusts indicators, risk levels, and filters based on chart timeframe. --- ### **Key Features** 1. **Auto-Adjusting Parameters** - *RSI/SMA Periods*: Shrink on lower TFs (10/20 for 1min), expand on higher TFs (28/200 for monthly) - *ATR Multipliers*: 1.5x (1min) → 4.5x (monthly) - *Volume Filters*: 2x avg volume (1min) → 0.5x (monthly) 2. **Entry Conditions** - RSI crosses above SMA - Price > 5-period high - Bullish candle close - Volume > dynamic threshold - Uptrend confirmed (Fast EMA > Slow EMA) 3. **Risk Management** - **Stop Loss**: ATR-based (1.5-4.5x volatility) - **Take Profit**: 3-10% targets (scales with timeframe) - Emergency exit on RSI reversal or 5-period low break 4. **Visual Tools** - Green "LONG" labels below bars - Red stop-loss line - Green take-profit line - Auto-adjusted alert messages --- ### **Timeframe-Specific Optimization** | TF | RSI | SMA | ATR Mult | TP% | |---------|------|------|----------|------| | 1min | 10 | 20 | 1.5x | 3% | | 1hr | 18 | 50 | 2.5x | 5% | | Daily | 22 | 100 | 3.5x | 7% | | Monthly | 28 | 200 | 4.5x | 10% | --- ### **Usage Notes** 1. **Chart Setup** - Works on any US market instrument (stocks, ETFs, indices) - Default: 2% risk per trade (adjust via `default_qty_value`) 2. **Best Applications** - Scalping: 1-15min TFs - Swing Trading: 4hr-daily TFs - Position Trading: Weekly-monthly TFs 3. **Critical Filters** - NYSE market hours for daily+ TFs - Weekend trading blocked - Low-volume symbols auto-filtered --- ### **Alert Examples** ```pine Entry: "TSLA 15min LONG - Entry: $250.50, SL: $245.30, TP: $263.00" Exit: "AAPL 1hr EXIT - Price: $185.40 (4.2% Profit)" ``` **Backtest Recommendation:** Test across 3 market cycles (bull/bear/sideways) with 0.1% commission simulation before live trading. This self-adapting system combines technical indicators with volatility-adjusted risk management for consistent cross-TF performance.
Pine Script® strategy
by Reanimate_
Trend Catcher SwiftEdgeTrend Catcher SwiftEdge Overview The Trend Catcher SwiftEdge is a simple yet effective tool designed to help traders identify potential trend directions using two Simple Moving Averages (SMAs). It plots two SMAs based on the high and low prices of the chart, visually highlights trend conditions, and provides buy/sell labels to assist with trade entries. This indicator is best used as part of a broader trading strategy and should not be relied upon as a standalone signal generator. How It Works Two SMAs: The indicator calculates two SMAs: one based on the lowest price (Low) and one based on the highest price (High) over a user-defined period (default: 20). Dynamic Colors: Green: When the price is above both SMAs (indicating a potential uptrend). Red: When the price is below both SMAs (indicating a potential downtrend). Purple: When the price is between the SMAs (indicating consolidation). The SMAs and the background between them change color dynamically to reflect the current trend condition. Buy/Sell Labels: A "Buy" label appears when an entire candlestick (including its low) crosses above both SMAs, marking the start of a potential uptrend. A "Sell" label appears when an entire candlestick (including its high) crosses below both SMAs, marking the start of a potential downtrend. To reduce noise, only one label is shown per trend direction. The indicator resets when the price enters the consolidation zone (purple), allowing for a new signal when the next trend begins. Settings SMA Length: Adjust the period of the SMAs (default: 20). A longer period smooths the SMAs and focuses on larger trends, while a shorter period makes the indicator more sensitive to price changes. How to Use Add the indicator to your chart. Look for "Buy" labels to consider potential long entries during uptrends (green zone). Look for "Sell" labels to consider potential short entries during downtrends (red zone). Use the purple consolidation zone to prepare for potential breakouts. Always combine this indicator with other forms of analysis (e.g., support/resistance, volume, or other indicators) to confirm signals. Important Notes This indicator is a tool to assist with identifying trend directions and potential entry points. It does not guarantee profits and should be used as part of a comprehensive trading strategy. False signals can occur, especially in choppy or ranging markets. Consider using additional filters or confirmations to improve reliability. Backtest the indicator on your chosen market and timeframe to understand its behavior before using it in live trading. Feedback If you have suggestions or feedback, feel free to leave a comment. Happy trading!
Pine Script® indicator
by SwiftEdge
Standard Deviation SMA RSI | mad_tiger_slayerOverview of the Script The Standard Deviation SMA RSI is a custom TradingView indicator that enhances the Relative Strength Index (RSI) by incorporating a Simple Moving Average (SMA) and Standard Deviation bands . This approach smooths RSI calculations while factoring in volatility to provide clearer trend signals . Additionally, the indicator includes overbought and oversold thresholds, trend-coded RSI signals , and dynamic volatility bands for improved market analysis. This indicator is designed for swing traders and long-term investors looking to capture high-probability trend shifts. How Do Traders Use the Standard Deviation SMA RSI? In the provided chart image, the indicator is displayed on a price chart. Each visual component serves a distinct function in identifying trend conditions and volatility levels . INTENDED USES ⚠️ NOT INTENDED FOR SCALPING With the smoothing nature of the SMA-based RSI , this indicator is not designed for low-timeframe scalping. It works best on timeframes above 1-hour , with optimal performance in 12-hour, daily, and higher timeframes. 📈 TREND-FOLLOWING & MEAN REVERSION The Standard Deviation SMA RSI functions as both a trend-following and mean-reverting indicator: Trend-Following: Identifies strong, sustained trends using RSI signals and SMA confirmation. Mean Reversion: Detects overbought/oversold conditions based on standard deviation bands and RSI thresholds . A VISUAL REPRESENTATION OF INTENDED USES RSI Line (Green/Pink/Gray): The RSI line dynamically changes color based on trend conditions . Green RSI → Strong uptrend, RSI above the uptrend threshold. Pink RSI → Downtrend, RSI below the downtrend threshold. Gray RSI → Neutral state or consolidation. If the SMA of RSI is above Long Threshold , the market is in a bullish trend. If it’s below Short Threshold, bearish conditions prevail. Threshold Lines (Teal/Purple): Green Line → Long Entry Threshold Red Line → Short Entry Threshold Standard Deviation Bands: Upper Band → Measures bullish volatility expansion Lower Band → Measures bearish volatility expansion Colored Candles: Price candles adjust color based on RSI conditions , visually aligning price action with market trends. Indicator's Primary Elements Input Parameters The script includes several configurable settings, allowing users to tailor the indicator to different market environments: RSI Length: Controls the number of periods for RSI calculations. SMA Length: Defines the period for the SMA applied to RSI , creating a smoothed trend line. Standard Deviation Period: Determines the length for volatility calculations. Overbought and Oversold Levels: Can be adjusted to customize sensitivity. Standard Deviation SMA RSI Calculation The SMA-based RSI smooths fluctuations while the standard deviation bands measure price volatility. Upper and Lower Bands: Calculated by adding/subtracting standard deviation to/from the SMA-based RSI. Trend Signal Calculation: RSI is compared to uptrend and downtrend thresholds to determine buy/sell conditions. Long and Short Conditions Buy and sell conditions are determined by RSI relative to key thresholds : Bullish Signal: RSI above long threshold & SMA confirms trend . Bearish Signal: RSI below short threshold & SMA confirms downtrend . Reversals: RSI entering overbought/oversold areas suggests possible trend reversals. Conclusion The Standard Deviation SMA RSI is a powerful trend-following and mean-reverting tool , offering enhanced insights into RSI movements, volatility, and market strength . By combining SMA smoothing, standard deviation bands, and dynamic thresholds , traders can better identify trend confirmations, reversals, and overextended conditions . ✅ Customizable settings allow traders to optimize sensitivity. ✅ Works best on high timeframes (12H, Daily, Weekly). ✅ Ideal for swing traders and long-term investors.
Pine Script® indicator
by mad_tiger_slayer
Dual Moving Averages Crossover// © Pineify Daksh Adhyaru // Dual Moving Averages Crossover + Supertrend Indicator // 🔹 Strategy Overview: // This indicator combines the **Exponential Moving Averages (EMAs) crossover** with the **Supertrend** indicator to identify trend direction and generate reliable buy/sell signals. // 📌 When to BUY (Long Entry): // ✅ The **fast EMA (20) crosses above the slow EMA (50)** (bullish crossover). // ✅ Supertrend flips **to green** (indicating an uptrend). // ✅ Price is above both EMAs, confirming bullish momentum. // 📌 When to SELL (Short Entry): // ✅ The **fast EMA (20) crosses below the slow EMA (50)** (bearish crossover). // ✅ Supertrend flips **to red** (indicating a downtrend). // ✅ Price is below both EMAs, confirming bearish momentum. // ⚠️ When to AVOID Trading: // ❌ When the EMAs **are flat** or moving sideways, signaling a choppy market. // ❌ If Supertrend frequently **flips colors** without a clear direction. // ❌ During major news events that create sudden price spikes. // 🔧 Additional Features: // - **Plots Supertrend with background color** for better visualization. // - **Buy & Sell arrows** appear when both EMA crossover and Supertrend confirmation align. // - **Customizable EMA lengths & Supertrend factor** for fine-tuning. // - **Alerts for Buy & Sell signals** to never miss a trade. // 🚀 Use this indicator for **trend trading** and **breakout confirmation**. Adjust settings based on market conditions!
Pine Script® indicator
by darshakssc
Golden Death Cross IndicatorThis indicator uses moving average to detect both a Golden Cross and Death Cross on any timeframe but is recommended for use on the daily and 24 hour timeframes only. We have also provided instructions on how to create alerts for these indicators below. Happy Trading! Moving Averages: We’ll use Simple Moving Averages (SMA). The 50-day SMA looks at the average price over the last 50 periods, and the 200-day SMA does the same for 200 periods. Crossovers: We’ll check when the 50-day SMA crosses above (Golden Cross) or below the 200-day SMA (Death Cross). Set Up Alerts Now, let’s make sure you get notified when a cross happens: Open the Alerts Menu On the chart, click the bell icon (top right of the screen) to create an alert. Configure the Golden Cross Alert In the “Condition” dropdown, select “Cross Alerts” (the name of your script). Below that, select “Golden Cross.” Set “Once Per Bar Close” in the next dropdown (this ensures it only triggers after the period ends, avoiding false signals mid-bar). Choose how you want to be notified (e.g., popup, email, or phone app—set this under “Notifications”). Name the alert (e.g., “Golden Cross Alert”) and click “Create.” Configure the Death Cross Alert Click the bell icon again to create a second alert. Condition: “Cross Alerts” > “Death Cross.” Set “Once Per Bar Close” again. Choose your notification method. Name it (e.g., “Death Cross Alert”) and click “Create.”
Pine Script® indicator
by igettrades
Smart MA CrossoverThe Smart MA Crossover indicator is a trend-following tool designed to help traders identify high-probability buy and sell signals based on a dynamic moving average and volume confirmation. This indicator allows traders to customize the moving average type (SMA, EMA, HMA, WMA, VWMA, SMMA, or VWAP) while incorporating an ATR-based filter for better signal clarity. How It Works The script analyzes price movements in relation to a selected moving average and volume conditions to generate trend-based trade signals: 🟢 Buy Signal: - Price is trading above the moving average for at least two bars. - A sudden upward momentum is detected (price > open * 1.005). - Volume is higher than the 50-period SMA of volume. - The price was trading below the moving average three bars ago. 🔴 Sell Signal: - Price is trading below the moving average for at least two bars. - A sudden downward movement is detected (price < open * 0.995). - Volume is higher than the 50-period SMA of volume. - The price was trading above the moving average three bars ago. - When these conditions are met, a label appears on the chart, marking the potential trade signal. Key Features - Customizable Moving Averages – Choose between SMA, EMA, HMA, WMA, VWMA, SMMA, or VWAP. - Dynamic Trend Detection – Moving average color changes based on trend direction. - Volume Confirmation – Avoid false signals by filtering trades using SMA-based volume analysis. - ATR-Based Signal Placement – Labels are positioned dynamically based on ATR values to improve visibility. - Background Trend Highlighting – The background changes color depending on whether price is above (green) or below (red) the moving average. - Alerts for Buy & Sell Signals – Get real-time notifications when a trade signal is generated. How to Use - This indicator is best suited for trend-following strategies and works across different markets, including stocks, forex, and crypto. - It can be used on multiple timeframes, but traders should combine it with additional analysis to refine trade decisions. - ATR-based signal placement ensures that buy/sell labels do not clutter the chart. Important Notes - This indicator does not predict future price movements—it is a trend-based tool meant to assist with trade decisions. - No financial advice – Always use risk management when trading. - TradingView users who do not read Pine Script can still fully utilize this script thanks to clear labels and alerts.
Pine Script® indicator
by mramoraf
2
Best MA Pair Finder (Crossover Strategy)This indicator automatically identifies the optimal pair of moving averages (MAs) for a crossover strategy using all available historical data. It offers several MA options—including SMA, EMA, and TEMA—allowing users to select the desired type in the settings. The indicator supports two strategy modes: “Long Only” and “Buy & Sell”, which can be chosen via the options. For each MA pair combination, the indicator performs a backtest and calculates the profit factor, considering only those pairs where the total number of trades meets or exceeds the user-defined "Minimum Trades" threshold. This parameter ensures that the selected optimal pair is based on a statistically meaningful sample rather than on a limited number of trades. The results provided by this indicator are based on historical data and backtests, which may not guarantee future performance. Users should conduct their own analysis and use proper risk management before making trading decisions.
Pine Script® indicator
by Julien_Eche
9
ROC + SMI Auto Adjust This indicator combines the Rate of Change (ROC) and the Stochastic Momentum Index (SMI) with automatically adjusted parameters for different time frames (short, medium, long). It normalizes the ROC to match the SMI levels, displays the ROC as a histogram and the SMI as lines, highlights overbought/oversold zones and includes a settings table. Ideal for analyzing momentum on different time frames. Key Features: Automatic Parameter Adjustment: The script detects the current chart time frame (e.g. 1-minute, 1-hour, daily) and adjusts the parameters for the ROC and SMI accordingly. Parameters such as ROC length, SMI length and smoothing periods are optimized for short, medium and long term time frames. Rate of Change (ROC): ROC measures the percentage change in price over a specified period. The script normalizes the ROC values ​​to match the SMI range, making it easier to compare the two indicators on the same scale. The ROC is displayed as a histogram, where positive values ​​are colored green and negative values ​​are colored red. Stochastic Momentum Index (SMI): SMI is a momentum oscillator that identifies overbought and oversold conditions. The script calculates the SMI and its signal line, plotting them on the chart. Overbought and oversold levels are displayed as dotted lines for convenience. SMI and SMI Signal Crossover: When the main SMI crosses the signal line from below upwards, it may be a buy signal (bullish signal). When the SMI crosses the signal line from above downwards, it may be a sell signal (bearish signal). Configurable Inputs: Users can use the automatically adjusted settings or manually override the parameters (e.g. ROC length, SMI length, smoothing periods). Overbought and oversold levels for SMI are also configurable. Parameter Table: A table is displayed on the chart showing the current parameters (e.g. timeframe, ROC length, SMI length) for transparency and debugging. The position of the table is configurable (e.g. top left, bottom right). How it works: The script first detects the chart timeframe and classifies it as short-term (e.g. 1M, 5M), medium-term (e.g. 1H, 4H) or long-term (e.g. D1, W1). Based on the timeframe, it sets default values ​​for the ROC and SMI parameters. ROC and SMI are calculated and normalized so that they can be compared on the same scale. ROC is displayed as a histogram, while SMI and its signal line are displayed as lines. Overbought and oversold levels are displayed as horizontal lines. Use cases: Trend identification: ROC helps to identify the strength of the trend, while SMI indicates overbought/oversold conditions. Momentum analysis: The combination of ROC and SMI provides insight into both price momentum and potential reversals. Time frame flexibility: The auto-adjustment feature makes the script suitable for scalping (short-term), swing trading (medium-term) and long-term investing.
Pine Script® indicator
by X_Brain
Trend Zone Moving Averages📈 Trend Zone Moving Averages The Trend Zone Moving Averages indicator helps traders quickly identify market trends using the 50SMA, 100SMA, and 200SMA. With dynamic background colors, customizable settings, and real-time alerts, this tool provides a clear view of bullish, bearish, and extreme trend conditions. 🔹 Features: Trend Zones with Dynamic Background Colors Green → Bullish Trend (50SMA > 100SMA > 200SMA, price above 50SMA) Red → Bearish Trend (50SMA < 100SMA < 200SMA, price below 50SMA) Yellow → Neutral Trend (Mixed signals) Dark Green → Extreme Bullish (Price above all three SMAs) Dark Red → Extreme Bearish (Price below all three SMAs) Customizable Moving Averages Toggle 50SMA, 100SMA, and 200SMA on/off from the settings. Perfect for traders who prefer a cleaner chart. Real-Time Trend Alerts Get instant notifications when the trend changes: 🟢 Bullish Zone Alert – When price enters a bullish trend. 🔴 Bearish Zone Alert – When price enters a bearish trend. 🟡 Neutral Zone Alert – When trend shifts to neutral. 🌟 Extreme Bullish Alert – When price moves above all SMAs. ⚠️ Extreme Bearish Alert – When price drops below all SMAs. ✅ Perfect for Any Market Works on stocks, forex, crypto, and commodities. Adaptable for day traders, swing traders, and investors. ⚙️ How to Use: Trend Zone Moving Averages Strategy This strategy helps traders identify and trade with the trend using the Trend Zone Moving Averages indicator. It works across stocks, forex, crypto, and commodities. 🟢 Bullish Trend Strategy (Green Background) Objective: Look for buying opportunities when the market is in an uptrend. Entry Conditions: ✅ Background is Green (Bullish Zone). ✅ Price is above the 50SMA (confirming strength). ✅ Price pulls back to the 50SMA and bounces OR breaks above a key resistance level. Stop Loss: 🔹 Place below the most recent swing low or just under the 50SMA. Take Profit: 🔹 First target at the next resistance level or recent swing high. 🔹 Second target if price continues higher—trail stops to lock in profits. 🔴 Bearish Trend Strategy (Red Background) Objective: Look for shorting opportunities when the market is in a downtrend. Entry Conditions: ✅ Background is Red (Bearish Zone). ✅ Price is below the 50SMA (confirming weakness). ✅ Price pulls back to the 50SMA and rejects OR breaks below a key support level. Stop Loss: 🔹 Place above the most recent swing high or just above the 50SMA. Take Profit: 🔹 First target at the next support level or recent swing low. 🔹 Second target if price keeps falling—trail stops to secure profits. 🌟 Extreme Trend Strategy (Dark Green / Dark Red Background) Objective: Trade with momentum when the market is in a strong trend. Entry Conditions: ✅ Dark Green Background → Extreme Bullish: Price is above all three SMAs (strong uptrend). ✅ Dark Red Background → Extreme Bearish: Price is below all three SMAs (strong downtrend). Trade Execution: 🔹 For longs (Dark Green): Look for breakout entries above resistance or pullbacks to the 50SMA. 🔹 For shorts (Dark Red): Look for breakdown entries below support or rejections at the 50SMA. Risk Management: 🔹 Use tighter stop losses and trail profits aggressively to maximize gains. 🟡 Neutral Trend Strategy (Yellow Background) Objective: Avoid trading or wait for a breakout. What to Do: 🔹 Avoid trading in this zone—price is indecisive. 🔹 Wait for confirmation (background turns green/red) before taking a trade. 🔹 Use alerts to notify you when the trend resumes. 📌 Final Tips Use this strategy with price action for extra confirmation. Combine with support/resistance levels to improve accuracy. Set alerts for trend changes so you never miss an opportunity. Enjoy!
Pine Script® indicator
by FindBetterTrades
1
Panic Drop Stock Market Bull/Bear Market Panic Drop Bull/Bear What It Does: This indicator identifies bull and bear markets for the S&P 500 (or any stock/index) using the 50-period and 150-period Simple Moving Averages (SMAs). A green background signals a confirmed bull market when the 50 SMA is above the 150 SMA and the 150 SMA slope is flat or upward. A red background signals a confirmed bear market when the 50 SMA is below the 150 SMA and the 150 SMA slope is downward. The background color persists until a new confirmed state is detected, ensuring no gaps—perfect for spotting long-term market trends whether you’re a beginner, trend trader, or long-term investor. Key Features: Plots 50 SMA (default: blue line) and 150 SMA (default: orange line). Background highlights: green for bull markets, red for bear markets. Persistent background color—no gaps during unconfirmed periods. Alerts for confirmed bull and bear market transitions. Fully adjustable: MA periods, slope lookback, and more. How to Use It: Add to your S&P 500 chart (e.g., SPX or SPY) on a daily or weekly timeframe (daily default recommended for long-term trends). Watch for background color changes: Green background: Confirmed bull market—consider long positions or holding. Red background: Confirmed bear market—consider shorting or exiting longs. Customize via settings: Adjust MA periods (default: 50 and 150). Set slope lookback (default: 5 bars) to control slope sensitivity. Change MA colors if desired. Set alerts: Right-click on the chart > "Add Alert" > Select "Bull Market Confirmed" or "Bear Market Confirmed." Trade smart: Use the background to confirm market regimes—e.g., go long during green (bull) phases above key support levels, or protect capital during red (bear) phases. Why It’s Great: Beginners: Simple background colors make market trends easy to spot. Trend Traders: 50/150 SMA crossover with slope confirmation catches major market shifts. Long-Term Investors: Persistent background ensures you stay in the trend without noise. Created by Timothy Assi (Panic Drop), eToro’s elite investor. Test it, tweak it, and trade with confidence!
Pine Script® indicator
by Panic_Drop