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SMA crossover candle mark

This indicator marks the SMA crossover candles.

Which I tend to use as my entry model.

Usually when this occurs within my marked supply or demand zone you could end up with a price explosion heading toward the next weak high / low or even toward the daily high / low.

I personally use it on the 2-3 min chart within a supply or demand zone.

I've chosen voor de 100 SMA based on the 2 hour timeframe to determine the trend which will be displayed in the right top corner. The markers aligned to the trend will be shown to prevent counter trend trading.

I've created a similar indicator for MetaTrader 5: https://www.mql5.com/en/market/product/122703?source=Unknown

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Check if the candle close crosses the SMA line.

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Edit the SMA input text

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Add new logic to determine the trend and only display markers aligned with the HTF trend.

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Changed the higher timeframe SMA to the length of 100 based on the 2 hour timeframe.

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Plot the 100 SMA based of the 2 hour timeframe on the chart.

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Updated the bias table in the right top corner to display the intraday and daily trend.

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Changed the text style of the table

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Hide the crossover markers on the higher timeframes.
Only timeframes smaller then 15m will display the markers

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Calculate the timeframe based of the minutes for the top corner table.

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Hide markers on the higher timeframes

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Refactored the code

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Added the Period enum

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Moved the methods, types and enums to a library

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Made the SMA lengths adjustable

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Changed the settings texts

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Made the table text variable so it will be visible on all background color.

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Added the setting to override the intraday trend following markers plotting.

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Fix the intraday trend text bug

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Updated to PineScript v6

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Hide the trend table in the right top corner when the option to disable the trend following markers is checked.

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Display the markers on the seconds timeframe

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Removed the HTF SMA line from the chart

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Always show the trend table

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Select the timeframe in minutes where you want to be able to display the cross over markers.
It defaults to the 15 min timeframe.

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Dispatch an alert when the SMA cross over is marked.

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Updated the default alert condition text

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Update the alert condition text

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Added the color inputs for the SMA line and the SMA cross over markers.
The color must be confirmed when you place the indicator on the chart, after it's placed on the chart you will be able to adjust the colors again through the settings of the indicator.

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Added an extra setting to plot the intraday SMA line on the chart

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Change the text to enable

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Do not display all the configuration setting values on the charts

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Added the table position

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Check for engulfing candles to filter out some useless crossovers.

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Update the name

Script de código abierto

Fiel al espíritu de TradingView, el creador de este script lo ha convertido en código abierto, para que los traders puedan revisar y verificar su funcionalidad. ¡Enhorabuena al autor! Aunque puede utilizarlo de forma gratuita, recuerde que cualquier republicación del código está sujeta a nuestras Normas internas.

rintveld

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La información y las publicaciones no constituyen, ni deben considerarse como, asesoramiento o recomendaciones financieras, de inversión, de trading u otro tipo, proporcionadas o respaldadas por TradingView. Obtenga más información en Condiciones de uso.

Script de código abierto

rintveld

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