[GL3] SMA & EMA Crossover Ribbon with Reactive Gradient Clouds

20 Sep

GL3] SMA & EMA Crossover Ribbon with Reactive Gradient Clouds

This indicator provides a powerful blend of technical analysis tools, integrating multiple moving averages, such as Simple Moving Average (SMA) and Exponential Moving Average (EMA), along with custom moving averages like Kaufman's Adaptive Moving Average (KAMA), Jurik Moving Average (JMA), and others. The crossover strategy aims to identify trend changes with precision across different timeframes.

Key Features:

Crossover Ribbon: A set of 5 moving average pairs to capture short-, mid-, and long-term trends. The crossover between the leading and trigger lines visually indicates potential buy (uptrend) and sell (downtrend) signals.

Reactive Gradient Clouds: Dynamically color-coded clouds that visualize momentum shifts using Stochastic, RSI, MACD, and Chande Momentum. These clouds help to react faster to price changes and confirm trends:

Stochastic Cloud: Blue for bullish and Orange for bearish trends.
RSI Cloud: Purple for bullish and Yellow for bearish trends.
MACD Cloud: Green for bullish and Red for bearish trends.
Chande Momentum Cloud: Aqua for bullish and Fuchsia for bearish trends.
Alerts: Custom alerts for significant crossovers in Stochastic, RSI, MACD, and Chande Momentum, allowing traders to stay informed of potential trend reversals.

Customizable Inputs: Flexible configuration for various moving averages, lengths, and source types, along with options to show/hide gradient clouds for each momentum indicator.

This indicator is designed for traders looking to capture multiple levels of trend direction and momentum shifts. The combination of crossovers and clouds provides a clear trend direction and quicker reaction to market moves, making it a versatile tool for various trading strategies.

Disclaimer: Past performance is not indicative of future results. Always use additional risk management tools and trade responsibly