Monthly MA Close

Generates buy or sell signal if monthly candle closes above or below the signal MA.
Long positions only.

Inputs:
-Change timeframe MA
-Change period MA
-Use SMA or EMA
-Display MA
-Use another ticker as signal
-Select time period for backtesting

This script is not necessarily written to maximize profits, but to minimize losses.
Although it can outperform 'Buy & Hold' on some occasions when there is a multiple month bearisch trend.
You can optimise this strategy by changing the signal MA inputs.
I would suggest aiming for the best Profit Factor starting from the monthly ("M") setting.
You can always fine-tune the results at a lower timeframe.

The option to use another ticker for providing signals can give you a more stable and unified results.
For example using SPY as signal with default parameters gives better results with AAPL than if you would use AAPL itself.

I used the anti-repainting function from PineCoders to prevent repainting.
This script is best used for multi-month trading positions & Daily or 4H setting of your chart.