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//@version=5 indicator("Custom DWMA Buy/Sell Signals", overlay=true) // Input parameters length = input.int(14, title="Length") src = input(close, title="Source") // Double Weighted Moving Average (DWMA) dwma = ta.sma(ta.sma(src, length), length) // Plot DWMA plot(dwma, color=color.blue, title="DWMA") // Buy/Sell Signal Logic buy_signal = ta.crossover(src, dwma) sell_signal = ta.crossunder(src, dwma) // Plot Buy/Sell Signals plotshape(series=buy_signal, title="Buy Signal", location=location.belowbar, color=color.green, style=shape.labelup, text="BUY") plotshape(series=sell_signal, title="Sell Signal", location=location.abovebar, color=color.red, style=shape.labeldown, text="SELL") // Alerts alertcondition(buy_signal, title="Buy Signal Alert", message="BUY Signal Generated") alertcondition(sell_signal, title="Sell Signal Alert", message="SELL Signal Generated")
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