ChartArt

Moving Average Cross Alert, Multi-Timeframe (MTF) (by ChartArt)

See when two moving averages cross. With the option to choose between four moving average calculations:


The moving averages can be plotted from different time-frames, like e.g. the weekly or 4 hour time-frame using HL2, HLC3 or OHLC4 as price source for the calculation. In addition there is a background color alert and arrows when the moving averages cross each other when the price also rises or falls. And the moving averages are colored depending on their trend direction (if they are trending up or down).
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study("Moving Average Cross Alert, Multi-Timeframe Option (MTF) (by ChartArt)", shorttitle="CA_-_MA_cross", overlay=true)

// ChartArt's Moving Average Cross Indicator
//
// Version 1.0
// Idea by ChartArt on September 15, 2015.
//
// This indicator shows when two moving averages cross.
// With the option to choose between four moving
// average calculations:
// (SMA = simple moving average)
// (EMA = exponential moving average)
// (WMA = weighted moving average)
// (Linear = Linear regression)
//
// The moving averages can be plotted from different
// timeframes, like the weekly or 4 hour timeframe.
// With the possibility to use HL2, HLC3 or OHLC4 prices.
// 
// In addition there is a background color alert
// and arrows when the moving averages cross each other.
// And the moving averages are colored depending if
// they are trending up or down.
//
// List of my work: 
// https://www.tradingview.com/u/ChartArt/


// Multi-timeframe and price input
pricetype = input(close, title="Price Source For The Moving Averages")
useCurrentRes = input(true, title="Use Current Timeframe As Resolution?")
resCustom = input(title="Use Different Timeframe? Then Uncheck The Box Above", type=resolution, defval="W")
res = useCurrentRes ? period : resCustom
price = security(tickerid, res, pricetype)

// MA period input
shortperiod = input(50, title="Short Period Moving Average")
longperiod = input(100, title="Long Period Moving Average")

// MA calculation
smoothinput = input(2, minval=1, maxval=4, title='Moving Average Calculation: (1 = SMA), (2 = EMA), (3 = WMA), (4 = Linear)')
short = smoothinput == 1 ? sma(price, shortperiod) :
    smoothinput == 2 ? ema(price, shortperiod) :
    smoothinput == 3 ? wma(price, shortperiod) :
    smoothinput == 4 ? linreg(price, shortperiod,0) :
    na
long = smoothinput == 1 ? sma(price, longperiod) :
    smoothinput == 2 ? ema(price, longperiod) :
    smoothinput == 3 ? wma(price, longperiod) :
    smoothinput == 4 ? linreg(price, longperiod,0) :
    na

// MA trend direction color
shortcolor = short > short[1] ? lime : short < short[1] ? red : blue
longcolor = long > long[1] ? lime : long < long[1] ? red : blue

// MA output
MA1 = plot(short, title="Short Period Moving Average", style=linebr, linewidth=2, color=shortcolor)
MA2 = plot(long, title="Long Period Moving Average", style=linebr, linewidth=4, color=longcolor)
fill(MA1, MA2, color=silver, transp=50)

// MA trend bar color
TrendingUp() => short > long 
TrendingDown() => short < long 
barcolor(TrendingUp() ? green : TrendingDown() ? red : blue)

// MA cross alert
MAcrossing = cross(short, long) ? short : na
plot(MAcrossing, style = cross, linewidth = 4,color=black)

// MA cross background color alert
Uptrend() => TrendingUp() and TrendingDown()[1]
Downtrend() => TrendingDown() and TrendingUp()[1]
bgcolor(Uptrend() ? green : Downtrend() ? red : na,transp=50)

// Buy and sell alert
Buy = Uptrend() and close > close[1]
Sell = Downtrend() and close < close[1]
plotshape(Buy, color=black, style=shape.arrowup, text="Buy", location=location.bottom)
plotshape(Sell, color=black, style=shape.arrowdown, text="Sell", location=location.top)
ChartArt
a year ago
P.S. Here is how the chart looked like to me before publishing my script. Sadly the final Tradingview script preview image looks screwed up :/

snapshot
+1 Reply
Nice!
Reply
tim.turenne coondawg71
4 months ago
I like it for displaying my 3/8 ema cross, to open/reverse following week. KISS!
Reply
alanprotrader tim.turenne
21 days ago
@tim.turenne, how can i implement this script to alert me when crossing is ocurring on H4 or H1 timeframe?
Reply
tim.turenne alanprotrader
18 days ago
@alanprotrader, to dsiplay, say, a 3/8 ema cross in hourly frame (Canadian instruments don't display less than daily) simply select the time interval next to where the symbol was entered at top left. I have tried to alert a daily cross in lesser time frames by going to inputs and un-checking 'use current time frame as resolution' and although I observed some change on the chart display I am not convinced it is in fact painting the price bars in accord with what is happening on the higher time frame. You may want to contact the originator - ChartArt
Tim
Reply
alanprotrader tim.turenne
16 days ago
@tim.turenne, thanks you, i will create the alert using VPS in MT4, thanks for reply
Reply
dshabo PRO
14 days ago
I'm very interested in using this for equities swing trading. Is there a way to program a scanner for stocks that meet the specifications?
Reply
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