The_Caretaker

Krown Moving Averages & Crossover Levels

Introducing Krown Moving Averages with Crossover levels.

This indicator

Plots 5 Ema's and 3 SMA's ( Default Krown Periods )

It calculates the price levels at which each pair of moving averages would be equal .

That means that if price closes the other side of that level the pair of moving will cross also.

These levels can therefore be considered as " crossover levels....( the price level where each pair of moving averages will cross)

It can give crossover levels for
  • SMA crossing SMA
  • EMA crossing EMA
  • EMA crossing SMA

    Plots optional Labels for all crossover levels....(off by default needs to be turned on in the settings)

    Plots optional crossover levels as lines and dots colored as the 2 colors of the pair of moving averages.....(off by default needs to be turned on in the settings)

    This indicator is aimed at traders who use simple and exponential moving average crossovers as part of their trading plan or edge.

    It takes the guesswork out of knowing at what price level a pair of moving averages will cross which helps to improve entries and risk management.

    There is an optional "Cutoff" function and user adjustable "limit factor" which cuts the plots off once they are too far below or above the current price to prevent chart auto focus issues.

    There is a decimal place truncation option to set the decimal places depending on the asset type and price accuracy required.

    Inspired by a request from a community member after one of my recent reverse engineered indicator publications.

    I am publishing this open source in the hopes that some newer coders will find the functions interesting and useful.

You may contact me through Krowns Crypto Cave Discord https://discord.gg/
Where I am a moderator, my username there is The Caretaker also.
My Private indicators are available through https://app.krowntrading.net/
开源脚本

本着真正的TradingView精神,该脚本的作者将其开源发布,以便交易者可以理解和验证它。为作者喝彩!您可以免费使用它,但在出版物中重复使用此代码受网站规则的约束。 您可以收藏它以在图表上使用。

免责声明

这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其他类型的意见或建议。请在使用条款阅读更多信息。

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