OPEN-SOURCE SCRIPT
Triple SMA Indicator
Triple SMA Indicator
The Triple SMA Indicator is a simple and effective tool for visualizing three customizable Simple Moving Averages (SMAs) on your chart. It’s ideal for traders looking to analyze short, medium, and long-term trends, with the flexibility to adjust SMA periods and colors to suit any trading strategy.
Features:
Customizable Periods: Define the fast, medium, and slow SMA periods to match your trading approach. Defaults are set to 10, 20, and 50.
Clear Visualization: SMAs are displayed in distinct colors (red, orange, green) for intuitive chart analysis.
Multi-Timeframe Adaptability: Calculate higher-timeframe SMAs (e.g., daily or weekly) on lower-timeframe charts for enhanced perspective.
How to Use:
Daily SMAs on Intraday Charts:
If you want to replicate daily SMAs on lower timeframes, adjust the SMA periods accordingly:
On a 1-hour chart (24 candles per day):
5-day SMA → 120 periods
20-day SMA → 480 periods
50-day SMA → 1200 periods
On a 30-minute chart (48 candles per day):
5-day SMA → 240 periods
20-day SMA → 960 periods
50-day SMA → 2400 periods
Trend Identification:
Use the fast SMA (e.g., 10-period) for short-term momentum.
The medium SMA (e.g., 20-period) highlights medium-term trends.
The slow SMA (e.g., 50-period) captures long-term market direction.
Dynamic Support and Resistance:
SMAs often act as dynamic levels of support or resistance, helping refine trade entries and exits.
Examples:
On a daily chart, use periods of 5, 20, and 50 to represent weekly, monthly, and quarterly trends.
On a 1-hour chart, set periods to 120, 480, and 1200 to observe equivalent daily trends.
This indicator is perfect for traders who need a simple but effective way to track trends, whether on intraday or higher timeframes. Configure it to your liking and start integrating it into your trading routine today!
The Triple SMA Indicator is a simple and effective tool for visualizing three customizable Simple Moving Averages (SMAs) on your chart. It’s ideal for traders looking to analyze short, medium, and long-term trends, with the flexibility to adjust SMA periods and colors to suit any trading strategy.
Features:
Customizable Periods: Define the fast, medium, and slow SMA periods to match your trading approach. Defaults are set to 10, 20, and 50.
Clear Visualization: SMAs are displayed in distinct colors (red, orange, green) for intuitive chart analysis.
Multi-Timeframe Adaptability: Calculate higher-timeframe SMAs (e.g., daily or weekly) on lower-timeframe charts for enhanced perspective.
How to Use:
Daily SMAs on Intraday Charts:
If you want to replicate daily SMAs on lower timeframes, adjust the SMA periods accordingly:
On a 1-hour chart (24 candles per day):
5-day SMA → 120 periods
20-day SMA → 480 periods
50-day SMA → 1200 periods
On a 30-minute chart (48 candles per day):
5-day SMA → 240 periods
20-day SMA → 960 periods
50-day SMA → 2400 periods
Trend Identification:
Use the fast SMA (e.g., 10-period) for short-term momentum.
The medium SMA (e.g., 20-period) highlights medium-term trends.
The slow SMA (e.g., 50-period) captures long-term market direction.
Dynamic Support and Resistance:
SMAs often act as dynamic levels of support or resistance, helping refine trade entries and exits.
Examples:
On a daily chart, use periods of 5, 20, and 50 to represent weekly, monthly, and quarterly trends.
On a 1-hour chart, set periods to 120, 480, and 1200 to observe equivalent daily trends.
This indicator is perfect for traders who need a simple but effective way to track trends, whether on intraday or higher timeframes. Configure it to your liking and start integrating it into your trading routine today!
Open-source script
In true TradingView spirit, the author of this script has published it open-source, so traders can understand and verify it. Cheers to the author! You may use it for free, but reuse of this code in publication is governed by House rules. You can favorite it to use it on a chart.
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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.