This script is essentially a trading indicator for IQ Option that signals buy and sell opportunities on a chart. It does so by using a dual moving average crossover strategy with an additional signal smoothing step.
This script is written in the IQ Option custom indicator language (similar to Pine Script but proprietary). It relies heavily on:
- Built-in moving average functions (sma, wma).
- Conditional logic for crossovers.
- plot_shape() for visual buy/sell indicators.