OPEN-SOURCE SCRIPT
Victor Chinchilla Simplified JFKPS
The Simplified JFKPS Indicator is designed for traders seeking a straightforward approach to identify market trends and potential trade opportunities. By utilizing a simple moving average (SMA), this indicator provides clear visual signals to assist in making informed trading decisions.
Key Features:
Trend Identification: The indicator calculates a simple moving average of the closing price over a user-defined length, allowing traders to identify the prevailing market trend.
Buy/Sell Signals: The indicator generates actionable buy (long) and sell (short) signals based on crossovers between the closing price and the SMA.
Long Signal: Triggered when the closing price crosses above the SMA, indicating a potential upward trend.
Short Signal: Triggered when the closing price crosses below the SMA, indicating a potential downward trend.
Visual Clarity: Buy signals are represented by green upward triangles, while sell signals are represented by red downward triangles, making it easy to spot potential trade entries at a glance.
Usage: This indicator is suitable for various trading strategies, including day trading and swing trading, and can be applied to any asset or market. Use it in conjunction with other indicators and analysis techniques for a more comprehensive trading approach.
Skrip open-source
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