OPEN-SOURCE SCRIPT

20, 50, 200 MA Crossover

### **Description of the 20, 50, 200 MA Crossover Script**

This script is a custom **Moving Average (MA) crossover indicator** designed for TradingView. It uses three moving averages: **20-day**, **50-day**, and **200-day**, and generates **Buy** and **Sell signals** based on specific crossover conditions.

#### **Features:**
1. **Moving Averages:**
- **20 MA (Short-Term):** Tracks short-term price trends (green line).
- **50 MA (Mid-Term):** Tracks medium-term trends (orange line).
- **200 MA (Long-Term):** Tracks long-term trends (blue line).

2. **Buy Signal:**
- Triggered when the **20 MA crosses above the 50 MA**, and the **50 MA is above the 200 MA**.
- Indicates a potential bullish trend.

3. **Sell Signal:**
- Triggered when the **20 MA crosses below the 50 MA**, and the **50 MA is below the 200 MA**.
- Indicates a potential bearish trend.

4. **Buy/Sell Labels:**
- Displays "Buy" and "Sell" labels directly on the chart at crossover points.

5. **Alerts:**
- Alerts can be enabled to notify you of Buy or Sell signals.

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### **Use Cases:**
- Helps traders identify short-term and long-term trends.
- Useful for swing trading, day trading, or identifying key market movements.
- Provides visual and actionable signals directly on the chart.

This script is ideal for traders who want to automate trend detection using the popular 20, 50, and 200 moving averages. 🚀
buyCandlestick analysisChart patternsCyclesSELL

Skrip sumber terbuka

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