Indicator 5x5 Moving Average Crossover
Utilizing AmiBroker data feeds, this AFL identifies crossovers in the 5×5 moving averages, indicating potential shifts in trends or momentum. The integration of accurate data feeds enhances the reliability of this indicator, aiding traders in timely entry and exit decisions.
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// 5x5 MA Crossover System
Range1=Optimize("range1",5,1,20,1);
Range2=Optimize("range2",5,1,125,1);
Buy = Cross((MA(Close,range1)),(MA(Open,range2)));
Sell = Cross(MA(Open,range2),(MA(Close,range1)));
Short = Sell;
Cover = Buy;
// plot expanded average
Plot(MA( Close,range1), "5Min-c", colorRed );
Plot(MA( Open,range2), "5Min-o", colorGreen );
// plot arrows
shape = Buy * shapeUpArrow + Sell * shapeDownArrow;
PlotShapes( shape, IIf( Buy, colorGreen, colorRed ), 0, IIf( Buy, Low, High ) );