THF Crossover and Trend Signals Golden & Death Cross with Volume

21 lug

Script Overview:

This Pine Script is designed to assist traders in identifying key buy/sell signals and major trend changes on the chart using Exponential Moving Averages (EMA) and Simple Moving Averages (SMA), as well as visualizing Golden Cross and Death Cross events. The script also includes a volume indicator to highlight the volume trading activity in relation to the price movements.

Key Features:

1. Moving Averages:

EMA 21: Exponential Moving Average over a 21-period, shown in green.

EMA 50: Exponential Moving Average over a 50-period, shown in yellow.

SMA 50: Simple Moving Average over a 50-period, shown in red.

SMA 200: Simple Moving Average over a 200-period, shown in blue.



2. Signals:

Buy Signal: Generated when EMA 21 crosses above SMA 50, indicating a potential upward trend. Displayed with a green label below the price bar.

Sell Signal: Generated when EMA 21 crosses below SMA 50, indicating a potential downward trend. Displayed with a red label above the price bar.



3. Golden Cross (Bullish Trend):

A Golden Cross occurs when EMA 50 crosses above SMA 200, which often signals the start of a long-term upward trend. The signal is displayed with a yellow label below the price bar.



4. Death Cross (Bearish Trend):

A Death Cross occurs when EMA 50 crosses below SMA 200, which often signals the start of a long-term downward trend. The signal is displayed with a blue label above the price bar.



5. Volume Indicator:

The volume is plotted as colored columns. Green indicates higher volume than the 20-period moving average, and red indicates lower volume.

A Volume Moving Average (SMA 20) is also plotted to compare volume changes over time.




How the Script Works:

1. The EMA and SMA lines are plotted on the chart, providing a visual representation of the short- and long-term trends.


2. Buy/Sell signals are triggered based on the crossover between EMA 21 and SMA 50, helping to identify potential entry and exit points.


3. The Golden Cross and Death Cross indicators highlight major trend reversals based on the crossover between EMA 50 and SMA 200, providing clear visual cues for long-term trend changes.


4. Volume is displayed alongside price movements, offering insight into the strength or weakness of a trend.



Key Customizations:

Moving Average Periods: Users can modify the lengths of the EMAs and SMAs for customized analysis.

Volume Moving Average Period: The script allows for adjustment of the volume moving average period to suit different market conditions.

Signal Visibility: The size and color of the buy, sell, Golden Cross, and Death Cross signals can be easily customized to make them more prominent on the chart.


Conclusion:

This script is ideal for traders looking to combine price action with volume analysis, using key technical indicators such as EMA, SMA, Golden Cross, and Death Cross to make informed decisions in trending markets.


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This explanation covers all aspects of the script and provides a clear understanding of its functionality, which is helpful for sharing the script or using it as an educational resource.

6 ore fa

Note di rilascio

This script is a comprehensive "All-In-One" technical analysis tool designed to help traders visualize market trends, momentum, and price imbalances (Fair Value Gaps) on a single chart. It combines moving average crossovers for scalping, long-term trend filters, and Ichimoku Cloud analysis.
​How it Works (Methodology):
​1. Trend & Scalping Logic:
The script utilizes a dual-layer moving average system:

​Scalping Signals: Based on the crossover of EMA 7 and EMA 21. These signals are filtered by the SMA 200 (Trend Filter). If enabled, "Buy" signals only appear when the price is above the SMA 200, and "Sell" signals only appear below it, aligning trades with the major trend.
​Major Trend: Identifies "Golden Cross" and "Death Cross" scenarios using SMA 50 and SMA 200 interactions.

​2. Fair Value Gaps (FVG):
The script automatically detects price inefficiencies (Imbalances) where buying or selling pressure was significant.

​Bullish FVG: Created when the Low of the current candle is higher than the High of the 2nd previous candle.
​Bearish FVG: Created when the High of the current candle is lower than the Low of the 2nd previous candle.
​Mitigation: The script tracks these zones and marks them as "mitigated" once price returns to fill the gap.

​3. Momentum & Confirmation:
To filter false signals, the script overlays RSI and MACD logic:

​RSI: Highlights potential overbought (>70) and oversold (<30) conditions.
​Volume Coloring: Bars are colored based on volume comparison relative to the Volume SMA, helping to identify high-activity moves.

​4. Ichimoku Cloud:
A standard Ichimoku overlay is available to identify dynamic support and resistance zones using the conversion line, base line, and leading spans.
​Settings & Customization:

​Trend Filters: Users can toggle the SMA 200 filter on/off to adapt to ranging or trending markets.
​FVG Thresholds: Adjustable sensitivity to detect larger or smaller gaps.
​Visuals: Fully customizable colors for EMAs, SMAs, and FVG boxes to fit dark/light themes.
​Dashboard: An on-screen panel displays the count of active vs. mitigated FVGs.

​Credits:

​The Fair Value Gap (FVG) logic is adapted from open-source concepts (LuxAlgo methodology) to provide accurate gap detection.
​Core moving average logic is based on standard technical analysis principles.

​Disclaimer:
This indicator is a tool for analysis and does not guarantee profits. Past performance is not indicative of future results. Always use proper risk management.