OPEN-SOURCE SCRIPT
SMA10 Cross Up +15 pkt /-12 Down pkt
Opens a Long position when the price crosses above SMA10 and subsequently reaches at least 15 points above that average — confirming the strength of the upward move. Closes the position when the price drops at least 12 points below SMA10 — signaling a trend reversal. Both parameters (15 pts entry, 12 pts exit) are configurable in the indicator settings.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.