The code is open source, what it uses to print signals is MACD cross and ADX. Bar colors change in relation to where price is according to the 50 day MA. The MA ribbon is used for visualizing trend and using it for dynamic support/resistance. The ribbon is comprised of the 50 day and 100 day MAs.
Main reason to publish this script is because some like to jumble up scripts together slap some moving averages on it to "follow trend" and then label it an algorithm, market it and sell it to people online. No single system will work 100% of the time, do you due diligence in anything you are interested in buying. Plenty of free scripts in the TV library that can do you justice when trading.
@RickVBlack, hi Rick, very handy tool. However, I don’t get “Buy” signals, even historically (used for BTC/USD) , would you know what is going wrong ?
UnknownUnicorn1946597
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@LefMas13, As stated in the script description. This is just an example script on how some publishers try to make a private script to sell to users, when in reality those scripts came from the open source library. It wasn't made to actually use.
Shrekfx
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lovely indicator, low timer frames aswell as the higher timeframes!
any option to add alerts?
fatihguzelbaba
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Hello UnknownUnicorn1946597. I love this indicator so much but can you please add buy sell alert to your this study? Thanks a lot :)
Henayat
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Please add buy and sell alerts to this indicator Thanks
UnknownUnicorn1946597
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Would like to make an update on the point of this script's purpose. It's a general disclaimer/warning to the community on here that anyone can slap together a script, cherry pick entries and market it. Then from there sell it to users here, most private scripts are just copy and pastes of public scripts on the library with a few changed inputs. Here is TV's disclaimer on private scripts: tradingview.com/?solution=43000615189