SMA Cross Dashboard | Flux Charts💎 GENERAL OVERVIEW
Introducing our new Simple Moving Average (SMA) Cross Dashboard! This dashboard let's you select a source for the calculation of the SMA of it, then let's you enter 2 lengths for up to 5 timeframes, plotting their crosses in the chart.
Features of the new SMA Cross Dashboard :
Shows SMA Crosses Across Up To 5 Different Timeframes.
Select Any Source, Including Other Indicators.
Customizable Dashboard.
📌 HOW DOES IT WORK ?
SMA is a widely used indicator within trading community, it simply works by taking the mathematical average of a source by desired length. Crosses of SMA lines can be helpful to determine strong bullish & bearish movements of an asset. This indicator shows finds crosses across 5 different timeframes in a dashboard and plots them in your chart for ease of use.
🚩UNIQUENESS
This dashboard cuts through the hassle of manual SMA cross calculations and plotting. It offers flexibility by allowing various data sources (even custom indicators) and customization through enabling / disabling individual timeframes. The clear visualization lets you see SMA crosses efficiently.
⚙️SETTINGS
1. Timeframes
You can set up to 5 timeframes & 2 lenghts to detect crosses for each timeframe here. You can also enable / disable them.
2. General Configuration
SMA Source -> You can select the source for the calculation of the SMA here. You can select sources from other indicators as well as more general sources like close, high and low price.
Smacross
Mr Anderson Simple Moving Average Strategy with Bend10This script is based on Mr. Anderson's (also known as TrueCrypto28 on twitter) 10/20 Day SMA trading strategy.
This is the extended strategy which includes the Heikin Ashi candle addition, and also the Bend10 strategy.
Full explanation of strategy can be found on this thread: twitter.com
I believe there is a paid version of this indicator, but I believe it looks a bit messy, and does not include the Bend10 addition.
This version is free, less cluttered (my opinion), includes the Bend10 indicator flags, and also changes the background to show where the MAs cross.
Default indicator values align with Mr. Anderson's strategy. You can switch timeframes and it will remain based on the 1D unless you change it in the settings.
Indicator is based on the Heikin-Ashi candles, but you do not need to have these candles active for the indicator to work. It will work regardless of what candles you use.
EXPLANATION OF INDICATOR:
- "long" + green up arrow is printed when all of the long conditions are met
---> this is where you would enter a long trade
- green 'X' is printed when the long cover condition is met (HA candle flips red/price drops below 10d SMA/bearish SMA cross)
---> this is where you would exit your long trade
- "short" + red down arrow is printed when all of the short conditions are met
---> this is where you would enter a short trade
- red 'X' is printed when one of the short cover conditions are triggered (HA candle flips green/price goes above 10d SMA/bullish SMA cross)
---> this is where you would exit your short trade
- green 'B' is printed when the BEND10 long condition is met (bearish trending 10d SMA starts bending, price breaks above 10d SMA, and HA candle flips from red to green)
---> this is where you CAREFULLY consider going long. This flag is to catch big pumps earlier than the long signals. If you do make an entry here, it is advised that you keep a tight stop loss, and take profits when the price reaches the 20d SMA
- The background color for a candle is red when there is a bearish MA cross (fast beneath slow)
- The background color for a candle is green when there is a bullish MA cross (fast above slow)
[ProfitTrailer] SMA Cross StudyProfitTrailer SMACROSS study for buy/sell strategies.
The script highlights the regions where trailing is most likely to succeed.
[PT] SMA Cross Buy/Sell studyProfitTrailer study for SMA Cross buy/sell strategies.
The script highlights the regions where trailing is most likely to succeed.
