ASX300 Golden Cross stock alerts (A2M-ANZ)

31 בינו׳ 2019

Golden Cross happens when the SMA50 crossover the SMA200, which usually signals profitable bullish trend and good buy entry. For example, for Aurelia Metals the Golden Cross buy signal had 250% buy and hold profit in about a year.

This indicator hunts for the Golden Cross of the first 20 stocks in the ASX300 (A2M to ANZ), once it it happens the indicator plots the name of the stock that had Golden cross which could be use as entry for that stock. As you can see various stocks were plotted in the chart, those had crossedover at the time of plotting.

Due to TradingView Pinescript limitations, only 20 stocks can be watched in one indicator. Therefore 15 Golden Cross indicators are required to watch the entire ASX300.

This can also be applied to crypto coins with some adjustments in the script, so you can be alerted of the Golden Cross in crypto coins and buy bullish coins.