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OPEN-SOURCE SCRIPT

OZ Trade Indicator

By namzoo
Updated
This is a simple indicator combining both Pivot Point SuperTrend and Madrid Moving Average Ribbon.

I also added some alerts when:
- Madrid Moving Average are all green (buy) and red (sell) lines.
- Madrid Moving Average MA05 and MA100 crossover (buy) and crossunder (sell)

Aside from this, all are unchanged for both indicators.

Idea:

BUY
- If SuperTrend printed Up
- If Madrid Ribbon lines are Green (🟢)
- If Madrid Ribbon MA05 and MA100 printed Crossover (▲)

SELL
- If SuperTrend printed Down
- If Madrid Ribbon lines are Red (🔴)
- If Madrid Ribbon MA05 and MA100 printed Crossover (🔻)
Release Notes
- Changed labels
Release Notes
Add alerts for high and low pivot points.
Release Notes
Just comments typo.
Release Notes
Add option to only show MA05 & MA90 ribbon lines.
Release Notes
Use MA05 & MA90 as cross-over/cross-under reference.
Release Notes
Fix: MA05 & MA90 ribbon lines are not visible.
Release Notes
Add EMA 200.

Idea:

BUY
  • Price is above EMA200 (Yellow line)
  • Supertrend is UP
  • Bar is color Green
  • MA Lines cross-over (Green Triangle)


SELL
  • Price is below EMA200 (Yellow line)
  • Supertrend is Down
  • Bar is color Red
  • MA Lines cross-under (Red Triangle)
Release Notes
Just updated EMA200 message.
Release Notes
Just a typo.
Release Notes
Just a typo.
Simple Moving Average (SMA)Trend Analysis

Open-source script

In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.

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namzoo
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