OPEN-SOURCE SCRIPT
SMA 20, 50, 200
Sure, if you want a professional English description for your script to keep your TradingView workspace clean and standard, here is a concise and technical version you can use.
You can paste this directly into the description parameter of your indicator function:
English Description for your Script:
Title: MNQ Trend Following SMA Trio (20/50/200)
Description: > This indicator is designed specifically for Micro E-mini Nasdaq-100 (MNQ) futures trading. It utilizes three Simple Moving Averages (SMA) to define market structure across multiple time horizons:
SMA 20 (Blue): Short-term momentum and entry trigger.
SMA 50 (Yellow): Intermediate-term trend and dynamic support/resistance.
SMA 200 (Red): Long-term trend filter (The "Golden" line for directional bias).
Trading Logic:
Bullish Alignment: Price > SMA 20 > SMA 50 > SMA 200.
Bearish Alignment: Price < SMA 20 < SMA 50 < SMA 200.
Execution: Ideal for trend-following strategies using 30pt SL and 60pt TP with a 20pt Breakeven trigger.
You can paste this directly into the description parameter of your indicator function:
English Description for your Script:
Title: MNQ Trend Following SMA Trio (20/50/200)
Description: > This indicator is designed specifically for Micro E-mini Nasdaq-100 (MNQ) futures trading. It utilizes three Simple Moving Averages (SMA) to define market structure across multiple time horizons:
SMA 20 (Blue): Short-term momentum and entry trigger.
SMA 50 (Yellow): Intermediate-term trend and dynamic support/resistance.
SMA 200 (Red): Long-term trend filter (The "Golden" line for directional bias).
Trading Logic:
Bullish Alignment: Price > SMA 20 > SMA 50 > SMA 200.
Bearish Alignment: Price < SMA 20 < SMA 50 < SMA 200.
Execution: Ideal for trend-following strategies using 30pt SL and 60pt TP with a 20pt Breakeven trigger.
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.