OPEN-SOURCE SCRIPT
Easy Loot Golden Cross

Golden/Death Cross Moving Average Indicator
30, 100 & 200 period Simple Moving Average (SMA).
30 = Yellow
100 = Green
200 = Black
Black crosses mark the 'golden crosses' as well as the 'death crosses'. These black crosses appear when the 30 crosses the 100 & when the 100 crosses the 200. These black crosses don't tell you when to buy/sell, but simply indicate interest in the market.
This code is open-source so feel free to add this indicator to your chart and play around with the different moving average timeframes & color schemes.
Golden Cross
The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market. Basically, the short-term average trends up faster than the long-term average, until they cross.
There are three stages to a golden cross:
Death Cross
Conversely, a similar downside moving average crossover constitutes the death cross and is understood to signal a decisive downturn in a market. The death cross occurs when the short term average trends down and crosses the long-term average, basically going in the opposite direction of the golden cross.
The death cross preceded the economic downturns in 1929, 1938, 1974, and 2008.
30, 100 & 200 period Simple Moving Average (SMA).
30 = Yellow
100 = Green
200 = Black
Black crosses mark the 'golden crosses' as well as the 'death crosses'. These black crosses appear when the 30 crosses the 100 & when the 100 crosses the 200. These black crosses don't tell you when to buy/sell, but simply indicate interest in the market.
This code is open-source so feel free to add this indicator to your chart and play around with the different moving average timeframes & color schemes.
Golden Cross
The golden cross occurs when a short-term moving average crosses over a major long-term moving average to the upside and is interpreted by analysts and traders as signaling a definitive upward turn in a market. Basically, the short-term average trends up faster than the long-term average, until they cross.
There are three stages to a golden cross:
- A downtrend that eventually ends as selling is depleted
- A second stage where the shorter moving average crosses up through the longer moving average
- Finally, the continuing uptrend, hopefully leading to higher prices
Death Cross
Conversely, a similar downside moving average crossover constitutes the death cross and is understood to signal a decisive downturn in a market. The death cross occurs when the short term average trends down and crosses the long-term average, basically going in the opposite direction of the golden cross.
The death cross preceded the economic downturns in 1929, 1938, 1974, and 2008.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.
Script de código aberto
No verdadeiro espirito do TradingView, o autor desse script o publicou como código aberto, para que os traders possam entendê-lo e verificá-lo. Parabéns ao autor Você pode usá-lo gratuitamente, mas a reutilização desse código em publicações e regida pelas Regras da Casa.
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.