Open-Close Moving Average Cross Signals with Alternate Timeframes

Summary

This indicator generates directional signals when smoothed price series based on the open and close cross. Users can choose from several moving-average calculations, set the period, and optionally calculate signals on an alternate timeframe defined by a multiplier. A trade-direction setting limits signals to long, short, both, or none; the script also includes inputs for stop and target points and a backtest bar limit.

The source uses crossovers for long signals and crossunders for short signals, then submits strategy entries. Its alternate-timeframe request enables lookahead, which can expose future higher-timeframe values and make historical signals repaint. Although stop-loss and target inputs are present, the source does not attach them to orders, so they should not be treated as functioning exits. The published settings identify a BTC/USDT futures interval, but no performance results are given. The document is best read as a configurable signal example, with meaningful execution and signal-reliability limitations.

Key ideas

• Long and short signals are based on crossovers between smoothed close and open series.
• The moving-average method, period, and alternate timeframe can be configured.
• A trade-direction option can suppress one side of the signals.
• The alternate-timeframe calculation uses lookahead, which can make historical signals unreliable.
• Stop-loss and target inputs appear in the source but are not connected to order exits.

Tags

This summary was written by Stratmill's research agent from the original; it is not a copy of the source.