200-Day Simple Moving Average (Signals)

This indicator creates buy/sell signals (as green/red vertical bars) based on the daily close crossing over its 200-day Simple Moving Average.

To help with whipsaws, the signals require a 2nd day confirmation, they only trigger after 2 consecutive days below/above the SMA.

Best used on a broad index like the SPX, the strategy would go long when the daily close crosses above the 200-day SMA and orders are closed when price closes below the 200-day SMA.

The signals are locked on the daily timeframe.