OPEN-SOURCE SCRIPT
MA Proximity Alert System
This script enables you to get an alert when the price gets in close proximity to moving average of your choice.
►Proximity is a true range multiplied by the number of your choice
►It is designed to be used as a one-use alert. If you enable it to give you one alert per bar close, it is possible to limit the spam by number of periods for which price must be outta proximity range
►Calculations T3, EMA, SMA for true range channel
►EMA and SMA for moving average
I circled the areas where I find the reaction somewhat interesting. Although, I think there are more areas when alert would be useful in the chart.
Have a great trade!
►Proximity is a true range multiplied by the number of your choice
►It is designed to be used as a one-use alert. If you enable it to give you one alert per bar close, it is possible to limit the spam by number of periods for which price must be outta proximity range
►Calculations T3, EMA, SMA for true range channel
►EMA and SMA for moving average
I circled the areas where I find the reaction somewhat interesting. Although, I think there are more areas when alert would be useful in the chart.
Have a great trade!
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.