OPEN-SOURCE SCRIPT
Arnaud Legoux Moving Average (ALMA) with buy/sell signals
Description: ALMA with background highlighting, source selection and entry/sell signals depending on price positioning relatively to the ALMA. There are two options: use price at close, or both open and close. When Open & Close is used, both open and close need to be above or below ALMA to highlight, the signal is less noisy but can be more laggy.
This is a small simple indicator that can be used for a simple trading strategy, but some users found it very helpful, so I am posting it here. Enjoy!
This is a small simple indicator that can be used for a simple trading strategy, but some users found it very helpful, so I am posting it here. Enjoy!
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