OPEN-SOURCE SCRIPT
Dual Timeframe SMA Ribbon Crossover
Copyright by RJ 3/2018
Should be used with lower timeframe and higher timeframe charts
First set your chart to the lower timeframe you'd like to analyze
see [url=f.bpcdn.co/original/3X/5/1/51dda579d7dc8204e8fc07dc4f67efb3d995dceb.pdf ]f.bpcdn.co/original/3X/5/1/51dda579d7dc8204e8fc07dc4f67efb3d995dceb.pdf
For this method, low timeframe/high suitable timeframe pairs are:
On lower timeframe chart - Plot of 2 smas length 6, 1 Offset
If smas cross - and bar crosses the sma convergence, and full body of bar crosses SMAs - then this is a buy or sell opportunity
For confirmation - on the higher timeframe chart, check if bar is above or below the smas for that day
Should be used with lower timeframe and higher timeframe charts
First set your chart to the lower timeframe you'd like to analyze
see [url=f.bpcdn.co/original/3X/5/1/51dda579d7dc8204e8fc07dc4f67efb3d995dceb.pdf ]f.bpcdn.co/original/3X/5/1/51dda579d7dc8204e8fc07dc4f67efb3d995dceb.pdf
For this method, low timeframe/high suitable timeframe pairs are:
- 5min with 30min parent
- 15min with 1hr parent
- 30min with 4hr parent
- 4hr with daily parent
- daily with weekly parent
- weekly with monthly parent
On lower timeframe chart - Plot of 2 smas length 6, 1 Offset
If smas cross - and bar crosses the sma convergence, and full body of bar crosses SMAs - then this is a buy or sell opportunity
For confirmation - on the higher timeframe chart, check if bar is above or below the smas for that day
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.
For quick access on a chart, add this script to your favorites — learn more here.
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.