OPEN-SOURCE SCRIPT

SMA Strategy with Re-Entry Signal (v6 Style)

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*SMA Trend Strategy with Re-Entry Signal (v6 Edition)*

This indicator is based on a classic moving average trend-following system, enhanced with re-entry signals designed for medium to short-term traders.

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### 📈 Key Features:

1. *Trend Detection Logic:*
- The 30-period SMA (SMA30) is used as the trend filter.
- When the closing price is above the SMA30, the market is considered to be in an uptrend.

2. *Re-Entry Signal:*
- While in an uptrend, if the closing price crosses above the SMA20, a re-entry (add position) signal is triggered.
- These signals are shown with green upward arrows below the bars.

3. *Background Highlighting:*
- Green background: indicates an uptrend.
- Red background: indicates a break below SMA30, suggesting weakening momentum.

4. *Multi-SMA Visualization:*
- Five SMAs are displayed: SMA10, SMA20, SMA30, SMA60, and SMA250.
- This helps visualize both short-term and long-term trend structures.

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### 🔍 Usage Tips:

- Use this script directly on your main chart to monitor trend direction and wait for re-entry signals during pullbacks.
- Combine with other tools like volume, price action, or candlestick patterns to confirm entries.

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### ⚠️ Disclaimer:

- This indicator is for educational and informational purposes only. It does not constitute financial advice or a buy/sell signal.
- Avoid relying solely on this script for trading decisions. Always manage your own risk.

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👨‍💻 *Developer’s Note:*
This script is 100% manually developed, not copied or auto-generated. It is an original implementation based on my personal trading logic. Suggestions and feedback are welcome!

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