This block is a conditional block that is triggered depending on the behavior of two differents xMA.
Lexicon
MA = Moving Average SMA = Simple Moving Average EMA = Exponential Moving Average WMA = Weighted Moving Average |
SMMA = Smoothed Moving Average |
Parameters
- Fast MA type can be is SMA, EMA, WMA, SMMA. This xMA will be the one with the shorter period.
- Fast MA Period is the period that xMA will take into account (If you choose 4H, xMA will use 4H candles).
- Fast MA Length is the number of candles calculated.
- Slow MA type can be SMA, EMA, WMA, SMMA. This xMA will be the one with the longer period.
- Slow MA Period is the period that xMA will take into account (If you choose 4H, xMA will use 4H candles).
- Slow MA Length is the number of candles calculated (it must be higher than the Length of the Fast MA Length).
- Trigger Type can be position or Crossover.
- Position depends on the current position of the Fast xMA compared to the Slow xMA, the position is either Bullish (Fast xMA is above the Slow xMA) or Bearish (Fast xMA is below the Slow xMA).
- Crossover is triggered when the Fast xMA crosses the Slow xMA. The cross is either Bullish (Fast xMA crosses the Slow xMA and is now above the Slow xMA) or Bearish (Fast xMA crosses the Slow xMA and is now below the Slow xMA).
- Signal type can be either Bearish or Bullish (see above for further explanation)
- Source choice can be Low, High, Close or Open candle. More info about the use of High/Low source here
USE CASE
Here is an example on when and why the golden/death cross is triggered.
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