SMA-Crossover_Signal
Download script
This script is designed to provide a clear visual aid for traders who use Simple Moving Averages (SMAs) to identify market trends. Its primary goal is to highlight the exact moment when two different moving averages "cross" each other, which is often used as a signal to enter or exit a trade.
How it Works
The tool monitors two specific moving averages simultaneously—a "faster" one and a "slower" one. Because these lines can sometimes become cluttered or difficult to see on a busy chart, this script identifies the intersection points automatically and marks them with distinct symbols.
- The Faster SMA: Reacts quickly to recent price changes.
- The Slower SMA: Provides a broader view of the long-term trend.
Visual Signals
Instead of forcing you to squint at overlapping lines, the script places markers on your chart:
- Upward Cross: When the faster moving average moves from below the slower one to above it, the script identifies a potential bullish shift.
- Downward Cross: When the faster moving average drops from above the slower one to below it, the script identifies a potential bearish shift.
Key Features for Traders
- Clean Charts: By using this script, you can remove the actual moving average lines from your view if you prefer a cleaner aesthetic, while still keeping the important "crossover" data points visible.
- Precision Positioning: The markers are intelligently placed based on the price range of the candles. This ensures that the signals appear clearly above or below the bars, making them easy to see even when zooming in or out of different timeframes.
- Customizable Periods: You can adjust the length of both the faster and slower moving averages (defaulting to 9 and 18 respectively) to suit your specific trading style and the asset you are monitoring.
Indicators Used
Miscellaneous
13
Views
0
Downloads
0
Favorites
SMA-Crossover_Signal
//+------------------------------------------------------------------+
//| SMA-Crossover_Signal.mq4 |
//| Copyright © 2005, Jason Robinson (jnrtrading) |
//| http://www.jnrtading.co.uk |
//+------------------------------------------------------------------+
/*
+-------------------------------------------------------------------+
| Allows you to enter two sma periods and it will then show you at |
| Which point they crossed over. It is more usful on the shorter |
| periods that get obscured by the bars / candlesticks and when |
| the zoom level is out. Also allows you then to remove the emas |
| from the chart. (smas are initially set at 9 and 18) |
+-------------------------------------------------------------------+
*/
#property copyright "Copyright © 2005, Jason Robinson (jnrtrading)"
#property link "http://www.jnrtrading.co.uk"
#property indicator_chart_window
#property indicator_buffers 2
#property indicator_color1 SpringGreen
#property indicator_color2 Red
double CrossUp[];
double CrossDown[];
extern int FasterSMA = 9;
extern int SlowerSMA = 18;
//+------------------------------------------------------------------+
//| Custom indicator initialization function |
//+------------------------------------------------------------------+
int init()
{
//---- indicators
SetIndexStyle(0, DRAW_ARROW, EMPTY);
SetIndexArrow(0, 233);
SetIndexBuffer(0, CrossUp);
SetIndexStyle(1, DRAW_ARROW, EMPTY);
SetIndexArrow(1, 234);
SetIndexBuffer(1, CrossDown);
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator deinitialization function |
//+------------------------------------------------------------------+
int deinit()
{
//----
//----
return(0);
}
//+------------------------------------------------------------------+
//| Custom indicator iteration function |
//+------------------------------------------------------------------+
int start() {
int limit, i, counter;
double fasterSMAnow, slowerSMAnow, fasterSMAprevious, slowerSMAprevious, fasterSMAafter, slowerSMAafter;
double Range, AvgRange;
int counted_bars=IndicatorCounted();
//---- check for possible errors
if(counted_bars<0) return(-1);
//---- last counted bar will be recounted
if(counted_bars>0) counted_bars--;
limit=Bars-counted_bars;
for(i = 0; i <= limit; i++) {
counter=i;
Range=0;
AvgRange=0;
for (counter=i ;counter<=i+9;counter++) {
AvgRange=AvgRange+MathAbs(High[counter]-Low[counter]);
}
Range=AvgRange/10;
fasterSMAnow = iMA(NULL, 0, FasterSMA, 0, MODE_SMA, PRICE_CLOSE, i);
fasterSMAprevious = iMA(NULL, 0, FasterSMA, 0, MODE_SMA, PRICE_CLOSE, i+1);
fasterSMAafter = iMA(NULL, 0, FasterSMA, 0, MODE_SMA, PRICE_CLOSE, i-1);
slowerSMAnow = iMA(NULL, 0, SlowerSMA, 0, MODE_SMA, PRICE_CLOSE, i);
slowerSMAprevious = iMA(NULL, 0, SlowerSMA, 0, MODE_SMA, PRICE_CLOSE, i+1);
slowerSMAafter = iMA(NULL, 0, SlowerSMA, 0, MODE_SMA, PRICE_CLOSE, i-1);
if ((fasterSMAnow > slowerSMAnow) && (fasterSMAprevious < slowerSMAprevious) && (fasterSMAafter > slowerSMAafter)) {
CrossUp[i] = Low[i] - Range*0.5;
}
else if ((fasterSMAnow < slowerSMAnow) && (fasterSMAprevious > slowerSMAprevious) && (fasterSMAafter < slowerSMAafter)) {
CrossDown[i] = High[i] + Range*0.5;
}
}
return(0);
}
Comments