Simple Moving Average Crossing Areas

v10.3
Simple Moving Average Crossing Areas

Hi all,

I create and indicator that highlighted the moment previous to a crossing SMA and the moment afterwards. What is called “Golden Cross” and “Death Cross”

The indicator is very simple but an be very usefully for an automatic strategy. Because it shows in real time the moment where is inevitable the crossing of two Simple Moving Average and the moment afterwards.

How it can be used? well I can imagine an strategy using it as a filter for Higher Time Frame or multi crossing of SMA in different time frame.

Hope you like it.

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  1. Kris75 • 13 days ago #

    Hi Leo

    Line 2 period = 100 // => period002 right ?

  2. Leo • 13 days ago #

    Yeah. Inputs are period001 and period002. Strange… I think the post were edited. Anyway

  3. Carlos Garcia • 12 days ago #

    i think must check the code

  4. Leo • 12 days ago #

    Period001 and period002 are the inputs of the variables. When I update the code the fisrt two lines where not there. so you can delete them or directly import the ITF file.

  5. Leo • 12 days ago #

    By the way I create a very interesting strategy that look very nice even in walkforward test ( just tested in AUD/USD in 5min timeframe)

    DEFPARAM PRELOADBARS=1000

    //Period001= //from 10 to 40 step 10
    //Period002= //from 120 to 300 step 30
    //Period003= //from 10 to 40 step 10
    //Period004= //from 120 to 300 step 30
    //Pentry= // from 7 to 28 step 7
    //Kp= //from 1 to 2 step 0.5

    WMA001=weightedaverage[period001](close)
    WwMA001=weightedaverage[period001](WMA001)
    SMA002=average[period002](close)

    //Crossing areas definiton
    CrossingBULL1=0
    IF WMA001 > SMA002 and WwMA001 < SMA002 then
    CrossingBULL1=1
    ENDIF
    CrossingBEAR1=0
    IF WMA001 SMA002 then
    CrossingBEAR1=1
    ENDIF

    timeframe(1 hour, default)
    //Crossing areas definiton
    WMA003=weightedaverage[period003](close)
    WwMA003=weightedaverage[period003](WMA003)
    SMA004=average[period004](close)
    CrossingBULL2=0
    IF WMA003 > SMA004 and WwMA003 < SMA004 then
    CrossingBULL2=1
    ENDIF
    CrossingBEAR2=0
    IF WMA003 SMA004 then
    CrossingBEAR2=1
    ENDIF

    timeframe(default)

    ONCE PXentry=round(0.6*Pentry)
    highest1=highest[Pentry](high)
    IF highest1 = highest1[PXentry] then
    Re1=highest1
    ENDIF
    IF high > Re1 then
    Re1=high
    ENDIF
    lowest1=lowest[Pentry](low)
    IF lowest1 = lowest1[PXentry] then
    S1=lowest1
    ENDIF
    If low 3 and hour<22 and DayOfWeek<=5 then
    // Bedingungen zum Einstieg in Long-Positionen
    IF NOT LongOnMarket AND CrossingBULL1=1 and CrossingBULL2=1 THEN
    stoploss=(close – S1)/pipsize +2*pipsize
    BUY 1 CONTRACTS AT MARKET
    SET STOP PLOSS stoploss
    SET TARGET PPROFIT Kp*stoploss
    ENDIF

    // Bedingungen zum Ausstieg von Long-Positionen
    If LongOnMarket AND CrossingBEAR1=1 THEN
    SELL AT MARKET
    ENDIF

    // Bedingungen zum Einstieg in Short-Positionen
    IF NOT ShortOnMarket AND CrossingBEAR1=1 and CrossingBEAR2=1 THEN
    stoploss=(Re1-close)/pipsize + 2*pipsize
    SELLSHORT 1 CONTRACTS AT MARKET
    SET STOP PLOSS stoploss
    SET TARGET PPROFIT Kp*stoploss
    ENDIF

    // Bedingungen zum Ausstieg aus Short-Positionen
    IF ShortOnMarket AND CrossingBULL1=1 THEN
    EXITSHORT AT MARKET
    ENDIF

    ENDIF

  6. Stenozar • 11 days ago #

    Hi Leo, can you explain how the strategy works? I don’t know how to program and so it’s not easy for me to understand it by reading the code. THANKS!

  7. Leo • 11 days ago #

    Two SMA are crossing in a time frame (5min) while another 2 SMA are crossing in a higher Time Frame (1hour) stop loss is set to next support resistace.

  8. Stenozar • 11 days ago #

    Thanks Leo!

  9. Madrosat • 8 days ago #

    Hi Leo
    something is missing in the strategy above because it does not work at all as it is

  10. Leo • 6 days ago #

    I don’t know, I just copy paste the strategy. The optimisation of the values I wrote them in the code: line 3 to 8

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