Moving averages are an important analytical tool used to identify current price trends and the potential for a change in an established trend.
The analytical pattern of SMA3 crossing over SMA8 indicates a potential market uptrend.
Logic of the algorithm:
- Scans for a cross-over of SMA3 over SMA8.
- Fires if SMA8 is above SMA20.
- Pre-configured for the candle of 1h (it's not advised to go under 30min)
- For an additional confirmation, combine it with a volume increase indicator.