OPEN-SOURCE SCRIPT

Simple Buy/Sell Signals

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The code works by continuously monitoring the relationship between two moving averages (MAs) on live price data — a fast MA (shorter period) and a slow MA (longer period). These MAs smooth out price action to help identify trends. Here's how it functions step-by-step:

Inputs: The user selects the MA type (SMA or EMA) and the lengths (periods) for the fast and slow MAs.

Calculation: The script calculates the chosen MAs using real-time closing prices.

Signal Logic: It detects a Buy signal when the fast MA crosses above the slow MA (crossover) and a Sell signal when the fast MA crosses below the slow MA (crossunder).

Plotting: When a signal occurs, the script plots a green "BUY" arrow below the candle or a red "SELL" arrow above it.

Alerts: It includes alert conditions so users can receive notifications when a buy or sell condition is met.

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.