This scripts draws on the graph buy and sell signals based on the time passed since the last touch from 50, 100 and 200 simple moving averages. It is more reliable on longer timeframes (2H to 1W), but can be used up to 5 min charts. Used with some trend and volume analysis should grant better results.
Disclaimer: no results assured, use it at your own risk
Open-source script
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.
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.
