Users can choose from SMA, EMA, WMA, VWMA, or HMA types for both moving averages. Upon a confirmed crossover, the script projects an entry price, a stop-loss level based on the previous bar open, and three profit targets using distance multipliers. It displays trade lines and labels to track active trade management on the price chart.
Dual moving average crossover and crossunder detection
Multiple MA types including SMA, EMA, WMA, VWMA, and HMA
Three dynamic profit targets and stop-loss level calculations
The inputs you can change from the gear icon on the chart. Defaults are the author's.
Setting
Type
Default
Variable
MA1
int
8
ma1_length
string
EMA
ma1_type
ma1_price
source
close
ma1_price
MA2
int
21
ma2_length
string
EMA
ma2_type
ma2_price
source
close
ma2_price
Target 1
float
2.0
tgt1_mult
Target 2
float
2.5
tgt2_mult
Target 3
float
3.0
tgt3_mult
Show Lines
bool
true
show_lines
Show Trade Labels
bool
true
show_positionlabels
position_label_size
string
Medium
position_label_size
Show all 17 settings
Setting
Type
Default
Variable
Show Price Labels
bool
true
show_pricelabels
price_label_size
string
Small
price_label_size
Entry Color
color
color.blue
entry_color
Tgt Color
color
color.green
tgt_color
Stop Color
color
color.red
stop_color
Third-party code. ForexR did not write, test or endorse this script, and the summary above was generated automatically from its code and README. Indicators describe the past, and a strategy's backtest can look better than live trading, especially when a script repaints. Check it in the Strategy Tester and on a demo account before you rely on it.
This indicator analyzes short-term price action on index futures and options charts by applying Rational Quadratic kernel smoothing to detect sideways consolidation ranges and potential breakouts. It processes pivot highs and lows over customizable loopback pe
This indicator plots Ichimoku Cloud elements on the price chart, including Tenkan-sen, Kijun-sen, Senkou Span A and B lines with optional Chikou Span. It signals trend changes via Tenkan-sen and Kijun-sen crosses and places arrows at Kijun-sen direction shifts
This indicator overlays trend-following Supertrend bands on the price chart using Average True Range calculations. It plots trailing stop lines, highlights active trend directions, and prints buy or sell shape labels when price closes across band thresholds. I
This indicator plots two Hull moving averages on the price chart, one of the selected price and one of close, and optionally smooths both with a Kahlman filter. It fills the space between them and marks buy and sell labels when they cross, provided scaled volu
The MA Envelope indicator calculates upper and lower channel bands shifted by a user-defined percentage around a baseline moving average. It supports Simple Moving Average, Exponential Moving Average, and Weighted Moving Average calculation types. The script p
This indicator calculates an Exponential Moving Average and a Zero-Lag Moving Average to identify market trends on the price chart. It plots both moving averages and fills the space between them with color to highlight trend direction. Upon a crossover or cros