20 SMA Signal Boxes (Stacked with Target Labels)

11 jam yang lalu

This indicator is designed for traders who utilize the 20-period Simple Moving Average (SMA) as part of their trading strategy. It identifies buy and sell signals when price crosses above or below the 20 SMA and visually plots the following on the chart:

Signal Candle Box (Yellow):

Outlines the candle where the signal occurred, marking the entry point (top for buys, bottom for sells) and the risk point.
Target Boxes (Blue):

Three blue boxes plot potential profit targets:
"Long Target" for buys: The top of the first blue box.
"Sell Target" for sells: The bottom of the first blue box.
Buy/Sell Labels:

BUY labels point upward and appear below the signal candle.
SELL labels point downward and appear above the signal candle.
This visual system helps traders quickly identify signals, measure potential risk, and manage trade targets effectively.

Features:

Fully customizable visual representation of buy/sell signals and targets.
Clean, modern, and intuitive design.
Works seamlessly on all timeframes.
How to Use:

Use the yellow signal box for entry and risk placement.
Use the blue target boxes to set realistic profit targets.
Combine this indicator with other technical analysis tools for confirmation.
Disclaimer:
This indicator is for educational purposes only and is not financial advice. Always practice proper risk management.