Master Simple Indicator

18 Nis

The streamlined Pine Script, created by masterbtcltc, is a technical analysis indicator that overlays on a price chart to provide buy and sell signals based on a dynamic 120-day simple moving average (SMA). Here's how it works:
Dynamic Moving Average: Calculates a 120-day SMA (ma_dynamic) using closing prices to smooth out price fluctuations and identify trends.

Buy/Sell Signals:
Buy Signal: Triggered when the closing price crosses above the 120-day SMA (longSignal), indicating potential bullish momentum. A white triangle with "close" text appears below the bar.

Sell Signal: Triggered when the closing price crosses below the 120-day SMA (shortSignal), suggesting bearish momentum. A yellow triangle with "Short" text appears above the bar.

Alerts: Generates alerts for buy (Long Signal Alert) and sell (Short Signal Alert) signals, notifying users when the price crosses the SMA.

Visual Highlights:
Price vs. SMA: The area between the closing price and the 120-day SMA is filled with yellow if the price is above the SMA (bullish) or blue if below (bearish).

50-day vs. 120-day SMA: The area between the 50-day SMA and 120-day SMA is filled green when the 50-day SMA is above the 120-day SMA, indicating a stronger bullish trend.

Created by masterbtcltc, this indicator helps traders identify trend changes and potential entry/exit points based on price interactions with the 120-day SMA, with clear visual cues and alerts for decision-making.

19 May

Sürüm Notları

text change