SMAconfirm

SMAconfirm

This indicator helps you to comfirm SMAs' crossovers by draw a signal line that determines SMA movement direction.

• when Short SMA cross above Long SMA and Close price is above the signal several bars later, then uptrend is expected.
• when Short SMA cross below Long SMA and Close price is below the signal several bars later, then downtrend is expected.
  

Input Description:

•  MA_Period_short: Short-term SMA's period. Used for short-term PriceX. Must be higher than 1.
•  MA_Period_long: Long-term SMA's period. Used for both signal and long-term PriceX. Must be higher than MA_Period_short.
•  shift: give an additional offset for the signal. Must not be higher than MA_Period_long.
•  draw_priceX: Draw the PriceX line. See Output Description.
• draw_fastsign: Draw an additional SMAsignal for short-term SMA.
• applied_price: Prices to be applied to the indicator. You can apply Close, High, or Low price.
  

Output Description:

• SMAsignal is the main line of this indicator. It's default color is Violet (Torquoise for short-term SMAsignal)
  
• PriceX is price crossover point of the corresponding SMA at each bar. It may be replaced by SMA instead. It's default color is Yellow (short-term SMA) and Red (long-term SMA).