OPEN-SOURCE SCRIPT
Enhanced SMA Signal Box With Targets
Enhanced SMA Signal Box with Targets
The Enhanced SMA Signal Box with Targets is a unique trading tool designed to help traders identify potential entry and exit opportunities with clarity and precision. It combines a 20-period Simple Moving Average (SMA) with customizable target levels and filtering options, making it a versatile indicator for various trading strategies.
What Makes It Unique:
Dynamic Profit Targets: Automatically adjusts ATR-based target levels to changing market conditions.
Flexible Filters: Optional MACD, RSI, and volume filters refine signals to suit different trading styles.
Visually Distinct Signals: Highlights potential opportunities with easy-to-read markers and customizable visuals.
Adaptability: Works across multiple asset classes and timeframes.
How It Works:
Buy Signals: Generated when the price closes above the SMA, indicating potential bullish momentum.
Sell Signals: Triggered when the price closes below the SMA, signaling bearish conditions.
Profit Targets: Three adjustable ATR-based levels provide guidance for trade exits and risk management.
Customization Options:
Modify SMA length, colors, and line styles for a personalized experience.
Enable or disable filters to match your trading strategy.
Tailor target levels for precise risk-reward setups.
Important Note:
This script is a tool to assist traders in their analysis and decision-making process. It does not guarantee specific outcomes and should always be used alongside other risk management practices.
Disclaimer:
This indicator is provided for educational purposes only and does not constitute financial advice. Users should backtest thoroughly and trade responsibly. The author is not liable for any financial losses resulting from the use of this tool.
The Enhanced SMA Signal Box with Targets is a unique trading tool designed to help traders identify potential entry and exit opportunities with clarity and precision. It combines a 20-period Simple Moving Average (SMA) with customizable target levels and filtering options, making it a versatile indicator for various trading strategies.
What Makes It Unique:
Dynamic Profit Targets: Automatically adjusts ATR-based target levels to changing market conditions.
Flexible Filters: Optional MACD, RSI, and volume filters refine signals to suit different trading styles.
Visually Distinct Signals: Highlights potential opportunities with easy-to-read markers and customizable visuals.
Adaptability: Works across multiple asset classes and timeframes.
How It Works:
Buy Signals: Generated when the price closes above the SMA, indicating potential bullish momentum.
Sell Signals: Triggered when the price closes below the SMA, signaling bearish conditions.
Profit Targets: Three adjustable ATR-based levels provide guidance for trade exits and risk management.
Customization Options:
Modify SMA length, colors, and line styles for a personalized experience.
Enable or disable filters to match your trading strategy.
Tailor target levels for precise risk-reward setups.
Important Note:
This script is a tool to assist traders in their analysis and decision-making process. It does not guarantee specific outcomes and should always be used alongside other risk management practices.
Disclaimer:
This indicator is provided for educational purposes only and does not constitute financial advice. Users should backtest thoroughly and trade responsibly. The author is not liable for any financial losses resulting from the use of this tool.
Script de código aberto
No verdadeiro espírito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam compreendê-lo e analisá-lo. Parabéns ao autor! Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações é regida pelas Regras da Casa. Você pode favoritá-lo para usá-lo em um gráfico.
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