This indicator uses the 21, 55, 100 and 200 SMA.
Strategy:
When the 21 SMA crosses the 55 and 100 SMA it creates either a buy or sell symbol dependent on which way it crossed.
Strategy:
When the 21 SMA crosses the 55 and 100 SMA it creates either a buy or sell symbol dependent on which way it crossed.
study(title="TUX 4 MA", shorttitle="TUX 4 MA", overlay=true) len = input(21, minval=1, title="SMA 1") src = input(close, title="Source") out = sma(src, len) plot(out, color=green, title="SMA 1") len1 = input(55, minval=1, title="SMA 2") out1 = sma(src, len1) plot(out1, color=orange, title="SMA 2") len2 = input(100, minval=1, title="SMA 3") out2 = sma(src, len2) plot(out2, color=red, title="SMA 3") len3 = input(200, minval=1, title="SMA 4") out3 = sma(src, len3) plot(out3, color=blue, title="SMA 4") macrossabove = out < close and cross(close,out2) and out2 < close and out2 > close[1] macrossbelow = out > close and cross(close,out2) and out2 > close and out2 < close[1] plotshape(macrossabove, color=green, style=shape.arrowup, text="Buy", location=location.belowbar) plotshape(macrossbelow, color=red, style=shape.arrowdown, text="Sell", location=location.abovebar)