5 DMA (Close Above) Buy

26 May

5 DMA (Close Above) Buy
This indicator identifies momentum-based breakout signals when a green candle closes above the 5-day Simple Moving Average (5DMA) for the first time after price was previously below it.

🔹 Signal Logic:

The script plots a green arrow below the candle when a bullish candle (close > open) closes above the 5DMA

Signals are only shown once per trend leg

The signal resets only after price closes back below the 5DMA

🔔 Built-in Alerts:
Use the included alert condition: "Buy Alert" to be notified in real time whenever a valid signal occurs.

This tool is ideal for traders seeking simple price-action confirmations to catch early trend continuation after pullbacks.

26 May

Sürüm Notları

V2, does not create entry point for Intraday....just in case :)

26 May

Sürüm Notları

V2.1

26 May

Sürüm Notları

V2.1

28 May

Sürüm Notları

📝 Suggested Long-Form Description for Publishing
📌 Description (for Public Indicator Page)

This indicator is a refined entry system built around short-term momentum and trend confluence.
It highlights potential bullish setups where price demonstrates strength after a period of retracement.

Signal Criteria:

A candle must close below the 5-day SMA to "reset" the signal logic.

After the reset, a green candle (close > open) must:

Close above the 5DMA

Have the 9EMA below or touching the close (indicating early trend support)

📈 The script plots:

A green/red 5DMA, based on whether it’s rising or falling

A light blue 9EMA (trend baseline)

Green arrows below candles that trigger a valid signal

🔁 This is part of a constantly evolving signal system.
We are actively improving this tool through ongoing testing, confluence integration, and user feedback.
Future updates may include:

Optional filters (RSI, MACD, volume)

Exit logic for strategy mode

Multi-timeframe confluence

✅ Built for traders seeking clean, reliable entry conditions based on price structure and moving average alignment.