//@version=5
indicator("Binary Option Strategy (EUR/USD)", overlay=true)
// Input for selecting the moving average type and periods
fastMA = input.int(50, title="Fast Moving Average Period")
slowMA = input.int(200, title="Slow Moving Average Period")
// Calculate the selected moving averages
fastSMA = ta.sma(close, fastMA)
slowSMA = ta.sma(close, slowMA)
// Define the trend as "Up" when the fast MA is above the slow MA, and "Down" otherwise
trend = fastSMA > slowSMA ? "Up" : "Down"
// Plot the moving averages on the chart (optional)
plot(fastSMA, color=color.blue, title="Fast SMA")
plot(slowSMA, color=color.red, title="Slow SMA")
// Entry conditions
callEntry = ta.crossover(close, fastSMA) and trend == "Up"
putEntry = ta.crossunder(close, fastSMA) and trend == "Down"
// Plot arrows on the chart for entry signals
plotarrow(callEntry ? 1 : putEntry ? -1 : na, colorup=color.green, colordown=color.red, offset=-1, title="Entry Arrow")
// Exit conditions (not specific to binary options)
exitCall = ta.crossunder(close, fastSMA) and trend == "Down"
exitPut = ta.crossover(close, fastSMA) and trend == "Up"
// Plot exit signals on the chart (optional)
plotarrow(exitCall ? -1 : exitPut ? 1 : na, colorup=color.green, colordown=color.red, offset=-1, title="Exit Arrow")
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