OPEN-SOURCE SCRIPT
Cross Alert with Configurable Rectangles
**Description:**
This TradingView script, **"Cross Alert with Configurable Rectangles"**, is a technical analysis tool designed to help traders visualize and analyze market trends effectively. It combines configurable moving averages with customizable timeframe-based rectangles for highlighting price ranges.
### Features:
1. **Moving Averages:**
- Calculates and plots an Exponential Moving Average (EMA) and a Simple Moving Average (SMA) based on user-defined lengths.
- Provides both short and long moving averages to identify potential trend reversals or confirmations.
2. **Customizable Timeframe Rectangles:**
- Dynamically draws rectangles around price action based on user-selected timeframes: **Hourly (60 minutes), Daily, Weekly, or Monthly.**
- Automatically updates the rectangles to reflect high and low price levels within the selected timeframe.
- Customizable rectangle color and transparency for better chart visibility.
3. **Dynamic Line Projections:**
- Projects the trend of the long and short moving averages forward in time to help anticipate price movements.
### Use Case:
This script is ideal for traders who want to:
- Identify key support and resistance levels within different timeframes.
- Analyze price behavior relative to moving averages.
- Spot potential trend changes by observing price interaction with the moving averages and timeframe rectangles.
The script is fully configurable, allowing traders to adapt it to their trading strategy and preferences.
This TradingView script, **"Cross Alert with Configurable Rectangles"**, is a technical analysis tool designed to help traders visualize and analyze market trends effectively. It combines configurable moving averages with customizable timeframe-based rectangles for highlighting price ranges.
### Features:
1. **Moving Averages:**
- Calculates and plots an Exponential Moving Average (EMA) and a Simple Moving Average (SMA) based on user-defined lengths.
- Provides both short and long moving averages to identify potential trend reversals or confirmations.
2. **Customizable Timeframe Rectangles:**
- Dynamically draws rectangles around price action based on user-selected timeframes: **Hourly (60 minutes), Daily, Weekly, or Monthly.**
- Automatically updates the rectangles to reflect high and low price levels within the selected timeframe.
- Customizable rectangle color and transparency for better chart visibility.
3. **Dynamic Line Projections:**
- Projects the trend of the long and short moving averages forward in time to help anticipate price movements.
### Use Case:
This script is ideal for traders who want to:
- Identify key support and resistance levels within different timeframes.
- Analyze price behavior relative to moving averages.
- Spot potential trend changes by observing price interaction with the moving averages and timeframe rectangles.
The script is fully configurable, allowing traders to adapt it to their trading strategy and preferences.
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.