OPEN-SOURCE SCRIPT

Dual Timeframe SMA Ribbon Crossover

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Copyright by RJ 3/2018
Should be used with lower timeframe and higher timeframe charts
First set your chart to the lower timeframe you'd like to analyze
see [url=f.bpcdn.co/original/3X/5/1/51dda579d7dc8204e8fc07dc4f67efb3d995dceb.pdf ]f.bpcdn.co/original/3X/5/1/51dda579d7dc8204e8fc07dc4f67efb3d995dceb.pdf
For this method, low timeframe/high suitable timeframe pairs are:
  • 5min with 30min parent
  • 15min with 1hr parent
  • 30min with 4hr parent
  • 4hr with daily parent
  • daily with weekly parent
  • weekly with monthly parent

On lower timeframe chart - Plot of 2 smas length 6, 1 Offset
If smas cross - and bar crosses the sma convergence, and full body of bar crosses SMAs - then this is a buy or sell opportunity
For confirmation - on the higher timeframe chart, check if bar is above or below the smas for that day

Feragatname

Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.