OPEN-SOURCE SCRIPT
200-Day Simple Moving Average (Signals)
This indicator creates buy/sell signals (as green/red vertical bars) based on the daily close crossing over its 200-day Simple Moving Average.
To help with whipsaws, the signals require a 2nd day confirmation, they only trigger after 2 consecutive days below/above the SMA.
Best used on a broad index like the SPX, the strategy would go long when the daily close crosses above the 200-day SMA and orders are closed when price closes below the 200-day SMA.
The signals are locked on the daily timeframe.
To help with whipsaws, the signals require a 2nd day confirmation, they only trigger after 2 consecutive days below/above the SMA.
Best used on a broad index like the SPX, the strategy would go long when the daily close crosses above the 200-day SMA and orders are closed when price closes below the 200-day SMA.
The signals are locked on the daily timeframe.
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.
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.
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.