Enhanced 20 SMA Signal Boxes

2024年12月18日

Enhanced 20 SMA Signal Boxes
This indicator leverages the 20-period Simple Moving Average (SMA) to generate clear and actionable trading signals. Designed for traders looking to streamline their entry and exit decisions, the script provides a visual hierarchy with dynamic signal boxes and target levels.

Features:
Buy & Sell Signals:
Automatically detects when the price crosses above or below the 20 SMA and marks the signal candle with a yellow box for clear visualization of entry (top of the box) and risk (bottom of the box).

Dynamic Target Levels:
Three blue outlined boxes are generated for each signal to indicate profit-taking levels. The boxes dynamically adjust based on the signal candle’s range and come with customizable labels:

"Long Target" for buy signals
"Short Target" for sell signals
Alert System:
Get notified when the price enters or exits the signal candle or when target levels are reached.

Customization Options:

Adjust SMA color, thickness, and length.
Modify box opacity for better chart visibility.
Edit target labels and positionings to suit your trading style.
Risk/Reward Visualization:
The script calculates and displays the risk/reward ratio visually between the signal candle and the first target box.

Dynamic Styling:
Target boxes feature gradient shades to highlight increasing profit potential, and optional lines connect the signal candle to targets for organized visuals.

This indicator simplifies decision-making by providing clear signals and targets, making it suitable for day traders, swing traders, and scalpers alike.

2024年12月18日

版本注释

Enhanced 20 SMA Signal Boxes

This indicator brings a comprehensive visualization and alert system for trading opportunities based on the 20-period Simple Moving Average (SMA). It combines precise signal detection with enhanced visual aids to streamline your trading decisions.

Features:
Dynamic Signal Boxes: Highlight entry candles with yellow boxes representing the signal, including the wick range for clear risk assessment.
Multi-Level Target Boxes: Displays up to three gradient blue boxes for long and short trades, helping you visualize profit targets.
Horizontal Target Lines: Draws horizontal lines at the first target level with customizable extension length for easy tracking.
Custom Labels: Labels for targets are fully editable, ensuring personalized annotations for your strategy.
Interactive Alerts: Get notified when price crosses entry signals or reaches a target box.
SMA Customization: Tailor the SMA line's color and thickness for better chart integration.
Automatic Cleanup: Old signals and targets are automatically removed to keep your chart clean.
Box Transparency: Adjustable box opacity for improved chart readability.
User-Friendly Design: Clear visualization of risk/reward ratios with optional horizontal line extensions for reference.
How to Use:
Setup Entry Signals: The indicator identifies BUY signals when price crosses above the SMA and SELL signals when it crosses below.
Track Targets: Use the blue target boxes and lines to manage profit-taking and trail stops effectively.
Alerts for Action: Stay informed with alerts for signal generation or when price interacts with targets.
This tool is ideal for traders looking for clear, actionable visuals and robust alerting functionality to complement their technical strategies.