/** * This indicator identifies trade signals based on the crossover of two simple moving averages (SMA) and the relative position of the price to a longer-term SMA. * * - It calculates the 5-period, 20-period, and 50-period SMAs. * - A 'BUY SIGNAL' is displayed when the 5-period SMA crosses above the 20-period SMA, but only if the price is above the 50-period SMA (bullish trend confirmation). * - A 'SELL SIGNAL' is displayed when the 5-period SMA crosses below the 20-period SMA, but only if the price is below the 50-period SMA (bearish trend confirmation). * - The background color changes dynamically: green when the price is above the 50-period SMA, red when it is below. */
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publications is governed by House rules. 您可以收藏它以在圖表上使用。