OPEN-SOURCE SCRIPT

Yusram Mount MaV - Day MaV CrossOver Strgty

By dadashkadir

This indicator shows the comparison between the 7-day fast simple average and the monthly slow average of 5 bars. The red line indicates the monthly green and blue lines the daily average. If the Green-Blue line crosses the red upwards, it is a buy signal and the opposite is a sell signal. As soon as it turns green blue without waiting for the sell signal, a sell signal is created. If you are trading fast, you can consider turning green to blue as an opportunity. In the long run, the red intersection can be interpreted as a Stop point.

I hope it will be useful to everyone.


You can also find the strategy indicator with the same name.

I got the name of this indicator from my daughter's name. The meaning of the name Yüsra means "convenience". I hope this indicator will help you.Yüsram Mount HO - Day HO

daytradingExponential Moving Average (EMA)mountstrategyVolume Weighted Moving Average (VWMA)Weighted Moving Average (WMA)
dadashkadir

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

Want to use this script on a chart?

Disclaimer