OPEN-SOURCE SCRIPT
Cross Alert with Configurable Rectangles
**Description:**
This TradingView script, **"Cross Alert with Configurable Rectangles"**, is a technical analysis tool designed to help traders visualize and analyze market trends effectively. It combines configurable moving averages with customizable timeframe-based rectangles for highlighting price ranges.
### Features:
1. **Moving Averages:**
- Calculates and plots an Exponential Moving Average (EMA) and a Simple Moving Average (SMA) based on user-defined lengths.
- Provides both short and long moving averages to identify potential trend reversals or confirmations.
2. **Customizable Timeframe Rectangles:**
- Dynamically draws rectangles around price action based on user-selected timeframes: **Hourly (60 minutes), Daily, Weekly, or Monthly.**
- Automatically updates the rectangles to reflect high and low price levels within the selected timeframe.
- Customizable rectangle color and transparency for better chart visibility.
3. **Dynamic Line Projections:**
- Projects the trend of the long and short moving averages forward in time to help anticipate price movements.
### Use Case:
This script is ideal for traders who want to:
- Identify key support and resistance levels within different timeframes.
- Analyze price behavior relative to moving averages.
- Spot potential trend changes by observing price interaction with the moving averages and timeframe rectangles.
The script is fully configurable, allowing traders to adapt it to their trading strategy and preferences.
This TradingView script, **"Cross Alert with Configurable Rectangles"**, is a technical analysis tool designed to help traders visualize and analyze market trends effectively. It combines configurable moving averages with customizable timeframe-based rectangles for highlighting price ranges.
### Features:
1. **Moving Averages:**
- Calculates and plots an Exponential Moving Average (EMA) and a Simple Moving Average (SMA) based on user-defined lengths.
- Provides both short and long moving averages to identify potential trend reversals or confirmations.
2. **Customizable Timeframe Rectangles:**
- Dynamically draws rectangles around price action based on user-selected timeframes: **Hourly (60 minutes), Daily, Weekly, or Monthly.**
- Automatically updates the rectangles to reflect high and low price levels within the selected timeframe.
- Customizable rectangle color and transparency for better chart visibility.
3. **Dynamic Line Projections:**
- Projects the trend of the long and short moving averages forward in time to help anticipate price movements.
### Use Case:
This script is ideal for traders who want to:
- Identify key support and resistance levels within different timeframes.
- Analyze price behavior relative to moving averages.
- Spot potential trend changes by observing price interaction with the moving averages and timeframe rectangles.
The script is fully configurable, allowing traders to adapt it to their trading strategy and preferences.
Skrip sumber terbuka
Dalam semangat sebenar TradingView, penulis telah menerbitkan kod Pine ini sebagai sumber terbuka supaya pedagang dapat memahami dan mengesahkannya. Sorakan kepada penulis! Anda boleh menggunakan perpustakaan ini secara percuma, tetapi penggunaan semula kod dalam penerbitan ini adalah dikawal oleh Peraturan dalaman. Anda boleh menyukainya untuk menggunakannya pada carta.
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Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.