This Pine Script™ identifies and visualizes a Golden Cross on a chart using two Simple Moving Averages (SMA) of different periods. A Golden Cross is a bullish signal that occurs when a shorter-term moving average crosses above a longer-term moving average.
Script Description Indicator Name:
The script is titled "Golden Cross Detector" and overlays the chart. Moving Averages:
A 50-period SMA (short-term) is calculated using the ta.sma() function. A 200-period SMA (long-term) is also calculated. The 50 SMA and 200 SMA are plotted as lines: 50 SMA: Blue line. 200 SMA: Red line. Golden Cross Detection:
The script checks for a "Golden Cross" using the ta.crossover() function. A Golden Cross occurs when the 50-period SMA (short-term) crosses above the 200-period SMA (long-term). Visual Representation:
When a Golden Cross is detected, a green triangle marker is plotted below the bar where the crossover happens. The triangle is labeled "Golden Cross" to make it easy to identify. Key Features: Simplicity: The script focuses solely on detecting and highlighting Golden Cross events. Customizable: You can adjust the SMA lengths (50 and 200) for different strategies. Visual Clarity: The two SMAs (blue and red) and the green marker clearly display the crossover signal.