OPEN-SOURCE SCRIPT
SMA 10/20/50 by Bull Bear Investing Baby
This script basically is a combination of 3 different simple moving averages line to determine the trend of the assets
The colour indicating which moving averages are as per following:
1) Green- 10MA
2) Red- 20MA
3) Blue- 50MA
When the moving averages are aligned as per following, the trend is indicating towards an uptrend:
---> 10ma > 20ma > 50ma
Likewise when the moving averages are aligned as per following, the trend is indicating towards a downtrend:
---> 10ma < 20ma < 50ma
The colour indicating which moving averages are as per following:
1) Green- 10MA
2) Red- 20MA
3) Blue- 50MA
When the moving averages are aligned as per following, the trend is indicating towards an uptrend:
---> 10ma > 20ma > 50ma
Likewise when the moving averages are aligned as per following, the trend is indicating towards a downtrend:
---> 10ma < 20ma < 50ma
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.