OPEN-SOURCE SCRIPT
Multi SMA by GreenDecode
This indicator, created by GreenDecode, plots eight Simple Moving Averages (SMAs) with customizable lengths and resolutions. Each SMA can be toggled on or off, and the colors are distinctly set for easy identification: SMA1 (yellow), SMA2 (cyan), SMA3 (green), SMA4 (red), SMA5 (blue), SMA6 (lightblue), SMA7 (teal), and SMA8 (gold). The SMAs are calculated to avoid repainting by using the 'lookahead=barmerge.lookahead_off' parameter, ensuring historical accuracy. Ideal for technical analysis to identify trends and potential reversal points on various timeframes.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Open-source script
In true TradingView spirit, the creator of this script has made it open-source, so that traders can review and verify its functionality. Kudos to the author! While you can use it for free, remember that republishing the code is subject to our House Rules.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.