Simple Moving Average with Regime Detection by iGrey.Trading

hace 3 días

This indicator helps traders identify market regimes using the powerful combination of 50 and 200 SMAs. It provides clear visual signals and detailed metrics for trend-following strategies.


Key Features:
- Dual SMA System (50/200) for regime identification
- Colour-coded candles for easy trend visualisation
- Metrics dashboard

Core Signals:
- Bullish Regime: Price < 200 SMA
- Bearish Regime: Price > 200 SMA
- Additional confirmation: 50 SMA Cross-over or Cross-under (golden cross or death cross)

Metrics Dashboard:
- Current Regime Status (Bull/Bear)
- SMA Distance (% from price to 50 SMA)
- Regime Distance (% from price to 200 SMA)
- Regime Duration (bars in current regime)

Usage Instructions:
1. Apply the indicator to your chart
2. Configure the SMA lengths if desired (default: 50/200)
3. Monitor the color-coded candles:
- Green: Bullish regime
- Red: Bearish regime
4. Use the metrics dashboard for detailed analysis

Settings Guide:
- Length: Short-term SMA period (default: 50)
- Source: Price calculation source (default: close)
- Regime Filter Length: Long-term SMA period (default: 200)
- Regime Filter Source: Price source for regime calculation (default: close)

Trading Tips:
- Use bullish regimes for long positions
- Use bearish regimes for capital preservation or short positions
- Consider regime duration for trend strength
- Monitor distance metrics for potential reversals
- Combine with other systems for confluence

#trend-following #moving average #regime #sma #momentum

Risk Management:
- Not a standalone trading system
- Should be used with proper position sizing
- Consider market conditions and volatility
- Always use stop losses

Best Practices:
- Monitor multiple timeframes
- Use with other confirmation tools
- Consider fundamental factors


Version: 1.0
Created by: iGREY.Trading


Release Notes
// v1.1 Allows table overlay customisation
// v1.2 Update to v6 pinescript