A strategy is to apply two moving averages to a chart, one longer and one shorter. When the shorter MA 50 day scrosses above the longer term MA 200 days it's a buy signal as it indicates the trend is shifting up.This is known as a "golden cross."
When the shorter MA crosses below the longer term MA it's a sell signal as it indicates the trend is shifting down....
The usage is very easy. When the line is green you can open long position, when the line is red you can open short position and when it's black just check by yourself.
Usually I use it with RSI and Bollinger Bands , in order to determine when the signal is strong or weak.
Just play with fastest and slowest SC to adjust the smoothness.
Hi, this is the MACD version of the ANN BTC Multi Timeframe Script.
The MACD Periods were approximated to the Golden Cross values.
MACD Lengths :
Signal Length = 25
Fast Length = 50
Slow Length = 200
This script combines three scripts for ease of use
RSI Bands LazyBear
Golden Cross MichMexTrading
Candlestick patterns identified repo32
I combined them because they work exceptionally well together in identifying reversals and other potential changes
There's many versions of this sort of thing around the Tradingview library, but i guess we all like things to our own specifications.
So this is my take on the SMA and EMA version combined.
Bunch of SMA's & EMA's, with labels, and G&D Cross Labels and Alerts.
These values can of course be changed to any you may prefer.
Rhapsodyy's Combo SMAEMA's v1.1
The Golden Cross is one of the simplest market indicator who helps long term investors to entry a position.
With that in mind, I made a very easy to understand backtest showing how much we could earn if we entered in a Golden Cross and exit when Death Cross happening.
Take this code and try in your favorite market.
Of course, never use only this indicator to trade.
This Indicator helps you spot crosses between moving averages.
Thought to combine short term and long term strategies.
A complementary element for your trading tool belt.
The First study (short term):
Helps you visualise the relation between two simple moving averages (9,21) by default.
The Second study (long...