OPEN-SOURCE SCRIPT
Updated Sk M Sir Ji
Simple indicator that plots three alma moving averages and provides bgcolor based on below conditions
Red => If RSI (length 14) is below 50 or low is below the lower Bollinger band (length 20)
Green => If RSI (length 14) is above 50 or high is above the upper Bollinger band (length 20)
Red => If RSI (length 14) is below 50 or low is below the lower Bollinger band (length 20)
Green => If RSI (length 14) is above 50 or high is above the upper Bollinger band (length 20)
Release Notes
Updated the script with what it doesRelease Notes
Updated the script comments/documentation to make it more readableRelease Notes
Included additional ALMA moving averages.Overall
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Sk M Sir Ji — Multi-ALMA Trend + RSI/Bollinger Bias Heatmap
This indicator blends momentum, volatility, and structural trend using:
🔹 Eight ALMA Moving Averages
Covering fast → ultra-slow ALMA zones for structure mapping
Green = rising, Red = falling
🔹 RSI + Bollinger Band Heatmap
Background turns:
Red when momentum weakens (RSI < 50 or price pierces lower BB)
Green when momentum strengthens (RSI > 50 or price pierces upper BB)
🔹 Selectable basis MA for Bollinger Bands
Choose from SMA / EMA / RMA / WMA / VWMA
Ideal for:
Intraday scalpers
Trend traders
Structure readers
MTFA (multi-timeframe analysis)
Author: ©AquaTickTrader
License: MPL 2.0
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.