OPEN-SOURCE SCRIPT
Updated SMA Ribbon [CS] - Default Style (v5)
The SMA Ribbon [CS] is a trend-following moving average ribbon designed to visualize momentum, trend strength, and long-term market structure. It plots 8 Simple Moving Averages with progressively larger periods, starting from short-term (7) to very long-term (400). This creates a layered "ribbon" effect on the chart.
Release Notes
This indicator displays a multi-period Simple Moving Average (SMA) ribbon to help visualize short-term and long-term trend structure. The ribbon is composed of eight SMAs with customizable periods, allowing traders to see how price interacts with both fast and slow moving averages.When shorter-period SMAs are stacked above longer-period SMAs, the market is generally trending upward. When shorter-period SMAs are below longer-period SMAs, the market is generally trending downward. The spacing and compression of the ribbon can also indicate trend strength or potential reversals.
This version includes:
Adjustable SMA lengths
Source selection (close, open, hlc3, etc.)
Optional shifting of the ribbon forward on the chart
Clean and thin visual styling for clarity
Useful for:
Identifying trend direction
Spotting trend reversals
Detecting transitional phases (compression / expansion)
Swing trading, scalping, and long-term analysis
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.