ItalianMat

Forward Cross Projection

A quick script used to predict the average value the price should have to create a cross between a slow and fast MA at a given time. The line is red when the current cross is bullish and the line is green when the current cross is bearish . Crossing a red line downwards means that the price is getting lower and a bearish death cross is impending. Crossing a green line upwards means that the price is rising and a bullish cross is impending. Script was made thanks to the idea of Dannii
Note di rilascio: A quick script used to predict the average value the price should have to create a cross between a slow and fast MA at a given time. The line is red when the current cross is bullish and the line is green when the current cross is bearish . Crossing a red line downwards means that the price is getting lower and a bearish death cross is impending. Crossing a green line upwards means that the price is rising and a bullish cross is impending. Script was made thanks to the idea of Dannii.

Meaning of the Line

The line signifies the average value the price would need to close at to make a cross at the selected X period between a slow and a quick moving average.
How to trade it
Possibly a Trigger/Exit/Confirmation signal.

Case 1 The fast moving average is right now above the slow moving average
The line turns red and it signifies the price at which candles have to close to create a "Death" Bearish Cross. If the price crosses below the line, it's bound to make the SMAs cross.
If the line is green, the opposite applies. To create a bullish cross you need the price to stay above the green level.

Update 1.0.1
- Fixed quicker period bad calculation
Script open-source

Nello spirito di condivisione promosso da TradingView, l'autore (al quale vanno i nostri ringraziamenti) ha deciso di pubblicare questo script in modalità open-source, così che chiunque possa comprenderlo e testarlo. Puoi utilizzarlo gratuitamente, ma il riutilizzo del codice è subordinato al rispetto del Regolamento. Per aggiungerlo al grafico, mettilo tra i preferiti.

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