Enhanced Stock Ticker with 50MA vs 200MA On Chart

Description:
The "Enhanced Stock Ticker with 50MA vs 200MA Signals" is a streamlined Pine Script indicator that overlays bullish and bearish crossover signals directly on the price chart, derived from normalized price indices based on short-term (default: 50-period) and long-term (default: 200-period) price ranges. Designed for traders seeking clear, actionable signals, it highlights potential trend reversals or momentum shifts with color-coded arrows and robust alert functionality.
What It Does:
Normalized Price Indices:
Calculates two internal indices based on the stock’s closing price relative to the high/low range over user-defined short (default: 50 periods) and long (default: 200 periods) lookback periods.

The Short Lookback Index (based on 50 periods) and Long Lookback Index (based on 200 periods) are computed but not plotted, serving as the foundation for crossover signals.

Crossover Signals on Price Chart:
Long-Term Signals:
Bullish Long Cross: A green triangle appears below the price bar when the Long Lookback Index crosses above 5, indicating a potential valley or bullish reversal.

Bearish Long Cross: A red triangle appears above the price bar when the Long Lookback Index crosses below 95, signaling a potential peak or bearish reversal.

Short-Term Signals:
Bullish Short Cross: A blue triangle appears below the price bar when the Short Lookback Index crosses above 5, suggesting short-term bullish momentum.

Bearish Short Cross: A white triangle appears above the price bar when the Short Lookback Index crosses below 95, indicating short-term bearish momentum.

All signals are integrated with TradingView’s alert system for real-time notifications.

Ticker and Legend Table:
Displays a table in the top-right corner with:
The stock’s ticker symbol (yellow text on blue background).

A legend explaining the blue arrows (Short MA, 50 periods) and white arrows (Long MA, 200 periods).

The table is initialized once to maintain a clean chart.

How to Use:
Customization: Adjust the short (default: 50) and long (default: 200) lookback periods in the indicator settings to align with your trading style or timeframe.

Interpretation:
Green/Blue Triangles Below Bars: Indicate potential buying opportunities (bullish crossovers at the 5 level for long/short indices).

Red/White Triangles Above Bars: Suggest potential selling opportunities (bearish crossovers at the 95 level for long/short indices).

Alerts: Set up TradingView alerts for the following conditions:
Long Index Valley: Long-term bullish crossover above 5.

Long Index Peak: Long-term bearish crossover below 95.

Short Index Valley: Short-term bullish crossover above 5.

Short Index Peak: Short-term bearish crossover below 95.

Why Use This Indicator?
This indicator provides a clean, intuitive way to visualize potential trend reversals and momentum shifts directly on the price chart. The color-coded arrows make it easy to spot entry and exit points, while customizable lookback periods and alert conditions cater to traders of all levels. It’s perfect for those who prefer minimal chart clutter with maximum signal clarity.
Notes:
Uses confirmed bars (previous bar’s OHLC data) to ensure signals are non-repainting and reliable.

Primarily designed for stocks but adaptable to other assets (e.g., forex, crypto) by tweaking lookback periods.

Arrows are placed above or below price bars for clear visibility; adjust chart zoom if signals appear crowded.

Signals at the 5 and 95 thresholds are sensitive to extreme price movements, so combine with other technical analysis for confirmation.