This script utilizes the 100 EMA and the 100 SMA with printing labels for "Buy", "Short", and "Take Profit". Essentially this indicator will print a "Buy" label when the 100 EMA(green line) is above the 100 SMA(red line) and "Take Profit" at the pivot points.
NOTE: There will be instances where the labels print based on coded criteria but will be false compared to trend. This is because the 100 EMA and SMA crosses can be short periods and reversals can happen frequently. This indicator should be used in conjunction with other indicators to help build a case for potential long or short entries.
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UPDATE: Changed the accuracy of "Buy" and "Sell" labels. Changed the frequency of when "Take Profit" labels print. Added 5 day SMA , 50 day SMA and 200 day SMA to assist with accuracy.
Note: While price is ranging or consolidating, labels will print frequently and have a lower accuracy rate. This indicator is best used with others such as MACD, MFI and RSI. Best "Buy" signal is when fast sma>medium sma>100 sma>slow sma.
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UPDATE: Updated the color scheme to "Rainbow". This will help identify trends much easier. The clouds turn gray when it's a bear trend and when the "Rainbow" is out it's a bull trend. Ride the Rainbow!
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UPDATE: Added 20 EMA and changed 5 EMA to 3 EMA for better label triggering. Added all moving averages and labels to settings for customizing. To create alerts simply click on the "Alert" tab and change the "Value" drop down to "EMA SMA 100 Cross" then pick which MA you want the alert to trigger on the right.
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UPDATE: Added more Buy and Sell labels for better accuracy.
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UPDATE: Added Buy signals for when 3 SMA is above all other MAs (better buy opportunity before major trend reversal).
WOw for a visual person like me with ADD (attention deficit disorder) this really helps! Thank you sooooo much!
Bewith_Bitcoin
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Thank you, I will try to use it, what time scale do you most recommend using it?
SpiffyRumble
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@tomchen000012, the labels are setup to work best on the daily chart. However, it's possible to change the MA inputs to make it work better on lower time frames.