PriceXover

PriceXover

This indicator maps price crossover with Simple Moving Average (SMA) for each candle. Works like a SMA but has non-repaint characteristic.

How to Use:

• As stated before, this indicator works like a SMA. Use this to determine trend. When price is above this line then the uptrend is expected (downtrend if price below the line).
• 2 of these indicator (with different periods) can also generate buy/sell signal like 2 SMAs. When the lower period SMA crosses higher period SMA from below, then buy signal is generated (sell signal when lower period SMA crosses higher period SMA from above).

Input Descrption:

• period: Period used for indicator. Must be higher than 1.
• applied_price: Choose which price you want to use. Use 1 of these integers
  
• 0 -> applied_price is Close Price
• 1 Open Price
• 2 High Price
  
• 3 Low Price
  
• 4 Median Price
  
• 5 Typical Price
  
• 6 Weighted Typical Price
  
• shift: Give an additional offset for this indicator. Must not be negative.