Many technical analysts use moving average crosses to assess trend changes. A faster-moving MA crossing above a slower-moving line may be viewed as a bullish signal. The opposite can apply to the downside.
While these methods may help analyze price direction, they can often force traders to wait until the cross occurs. Sometimes it may be useful to anticipate the event – or at least know it’s getting close.
That’s where the custom script 2 MA Ratio can be useful because it tracks the fast and slow moving averages. The fast MA is then shown as a percent of the slow MA. Positive readings indicate a bullish condition and vice versa for the negative.
It’s also color-coded to clearly illustrate when the crosses occur.
2 MA Ratio can handle simple moving averages (SMAs) and exponential moving averages (EMAs). It even lets you compare SMAs to EMAs. Users can choose between using open, high, low or closing prices as the inputs. (It defaults to Close.)
The chart above shows the short-term pair of the 8- and 21-day EMAs on Tesla (TSLA). The second chart below shows the same stock with the slower 50- and 200-day SMAs. Notice the “Golden Cross” last summer and the “Death Cross” in May:
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It's a very scientific method I appreciate it, love, the TradeStation team
AwesomeAvani
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What are see the codes for the moving average types from the open source script- is it possible to add 3 for Hull- ( I am not familar with pine script but am somewhat scripting fluent)
Exponential
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Hi, is it possible to add oscilator level or convert it into oscilator to by above the middle line or crossover or next candle above the crossover candle? Request your views
zeals007
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Can we use our tradingview strategies in Tradestation auto execution can someone guide me thanks!
AwesomeAvani
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Is SMA= Type 1 and EMA = Type 2 or vice-versa ?
edizyikar3307
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@AwesomeAvani, yes you can see command line 5 and 6.