This script uses two moving averages to help identify when to enter/exit trades. The script works on all timeframes and is best used in trending markets.
- Red cross = Exit positions / stay out of market
Red up arrow = Weak buy signal
Orange up arrow = Moderator buy signal
Green up arrow = Strong buy signal
When not in trade consider easing in as buy signal strength increases.
When in trade consider easing out as buy signal strength decreases.
ALWAYS USE RISK MANAGEMENT AND REMEMBER TO TAKE PROFITS
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 a publication is governed by House Rules. You can favorite it to use it on a chart.