OPEN-SOURCE SCRIPT
MA Ribbon Buy & Sell Signals
Moving Averages:
The script calculates simple moving averages for 15, 30, 150, and 200 periods and plots them on your chart.
Signal Conditions:
A buy signal is generated when the 15 MA crosses above the 30 MA and the closing price is above the 150 and 200 MAs (indicating an overall uptrend).
A sell signal is generated when the 15 MA crosses below the 30 MA and the closing price is below the 150 and 200 MAs (indicating an overall downtrend).
Visual Cues:
The script uses green arrows below the bar for buy signals and red arrows above the bar for sell signals.
The script calculates simple moving averages for 15, 30, 150, and 200 periods and plots them on your chart.
Signal Conditions:
A buy signal is generated when the 15 MA crosses above the 30 MA and the closing price is above the 150 and 200 MAs (indicating an overall uptrend).
A sell signal is generated when the 15 MA crosses below the 30 MA and the closing price is below the 150 and 200 MAs (indicating an overall downtrend).
Visual Cues:
The script uses green arrows below the bar for buy signals and red arrows above the bar for sell signals.
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