Golden Cross

This indicator is designed to identify major trend reversals and entry points using a Triple Exponential Moving Average (EMA) system. It simplifies trend analysis by visually plotting three key moving averages and highlighting crossover points with distinct markers.

How it Works: This script plots three specific EMAs to track short, medium, and long-term market sentiment:

Short-Term Momentum (20 EMA): Captures immediate price action and potential pullbacks.

Medium-Term Trend (50 EMA): Acts as the primary signal line for swing trading.

Long-Term Baseline (200 EMA): Defines the overall market health (Bullish vs. Bearish territory).

Visual Guide & Colors:

💛 Yellow Line (20 EMA): The fastest moving average.

💚 Green Line (50 EMA): The medium trend line.

💙 Blue Line (200 EMA): The major trend filter.

Trading Signals: The indicator automatically plots an "X" on the chart whenever a significant crossover occurs:

Short-Term Cross (Yellow/Green "X"):

Occurs when the 20 EMA crosses the 50 EMA.

Useful for identifying early entry points or adding to positions within an existing trend.

The Golden Cross (Green/Blue "X"):

Occurs when the 50 EMA crosses the 200 EMA.

Bullish Signal: 50 EMA crosses above the 200 EMA. This is the classic "Golden Cross," often signaling the start of a long-term bull market.

Bearish Signal: 50 EMA crosses below the 200 EMA. This is the "Death Cross," often signaling the start of a long-term bear market.

Best Use:

Timeframe: Highly recommended for the Daily (1D) chart to reduce noise and capture significant market moves.

Markets: Works well on Stocks, Crypto, and Forex pairs that trend strongly.

Disclaimer: This tool is for educational purposes and trend visualization. Always use proper risk management and confirm signals with other indicators (such as Volume or RSI).