M5 Index Alert V1.3

M5 Index Indicator

*Browse down, find "Add to favorite Indicators", then open your Tradingview chart and apply the indicator.

This script is being used on 5 minute (5M) charts for Indices such as:

EUROPE:

- DE30EUR - DAX 40
- UK100GBP - FTSE 100

AUSTRALIA: (AUS)

- AU200AUD - ASX 200

UNITED STATES (USA):

NAS100USD - NASDAQ 100
SPX500USD - SP500
US30USD - Dow Jones / Wall Street Index

Additionally you can use it on any other Index, as well as on Gold (XAUUSD).


LOGIC:

This script will alert you on setups created when price crosses a smaller MA (default 20 SMA) against the trend direction of 20/200 SMA (default).
Then it will check if the crossing candle get's engulfed or have equal size. IF, an alert will be sent. If alert is set by the user.

ALERTS:
Alerts can be setup once per asset and timeframe. The Indicator uses Any alert () so it will alert in both directions with just one setup per asset/timeframe.


SETTINGS | Inputs

- Moving Average Long Period: 200 (default) - Set to anything
- Moving Average Short Period: 20 (default) - Set to anything
- Moving Average Type: SMA/EMA (SMA) (default)

- Candles Lookback: 0 (X previous candles that has NOT touch the smaller MA upon qualified alert before candle 1 & 2)
- Show MA Lines on Chart (True/False)


SETTINGS | Style

- Change Shapes & Placement of alert symbol.
- Change Color of MA lines color.


SETTINGS | Visibility

- De-Select all boxes except Minutes. Input 5 in the left box and 5 in the right box. Then the indi will only show when you are on the timeframe of 5 minutes.

Questions? Please Post below.

Sincerely,

Daniel & Ryan
The Hunter Trading Group

Versionshinweise:

V1.4

- Directional Slope Filter Added. To make sure smaller MA move in the direction of The Alert.

Note: 5 candles filter is set default. Set to 0 if you are not interested to use it.