OPEN-SOURCE SCRIPT
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
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.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
You may contact me on Krown's Crypto Cave Discord: discord.gg/W9ettX54DF My Discord username is The Caretaker.
My Private indicators are available via :
krown-trading.teachable.com/?affcode=236462_mm1lb1_w
My Private indicators are available via :
krown-trading.teachable.com/?affcode=236462_mm1lb1_w
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.
Script de código aberto
Em verdadeiro espírito do TradingView, o criador deste script o tornou de código aberto, para que os traders possam revisar e verificar sua funcionalidade. Parabéns ao autor! Embora você possa usá-lo gratuitamente, lembre-se de que a republicação do código está sujeita às nossas Regras da Casa.
You may contact me on Krown's Crypto Cave Discord: discord.gg/W9ettX54DF My Discord username is The Caretaker.
My Private indicators are available via :
krown-trading.teachable.com/?affcode=236462_mm1lb1_w
My Private indicators are available via :
krown-trading.teachable.com/?affcode=236462_mm1lb1_w
Aviso legal
As informações e publicações não se destinam a ser, e não constituem, conselhos ou recomendações financeiras, de investimento, comerciais ou de outro tipo fornecidos ou endossados pela TradingView. Leia mais nos Termos de Uso.