Dual SMA Crossover with Pivot Filter

Dual SMA Crossover with Pivot Filter
This indicator combines the power of dual Simple Moving Averages (SMAs) with a pivot point filter to generate higher-quality trading signals. By only triggering signals at pivot points during established trends, the indicator helps filter out false signals that often occur with standard SMA crossover strategies.

Key Features
Dual SMA System: Tracks both fast and slow SMAs (default 5 and 20 periods)
Trend Identification: Clear visual representation of bullish and bearish market trends
Pivot Point Filter: Only generates signals at significant market pivot points
Background Color: Easy trend visualization with color-coded chart background
Customizable Parameters:
Adjustable SMA periods (fast and slow)
Configurable pivot lookback period
Signal offset for visual positioning
How It Works
Trend Detection: The indicator identifies trends by comparing the fast and slow SMAs
Signal Generation: Buy signals occur at pivot lows during bullish trends
Signal Filtering: Sell signals trigger at pivot highs during bearish trends
Visual Feedback: Triangular markers indicate entry and exit points
This indicator is ideal for traders who want to avoid the whipsaws commonly associated with moving average strategies while capturing significant trend reversals at optimal entry points.