OPEN-SOURCE SCRIPT
Multi SMA Indicator
📊 Multi SMA Indicator - Description
This Pine Script v5 indicator is a comprehensive technical analysis system that combines multiple essential components for stock trading on Bursa Malaysia (LONG-only strategies).
✨ Key Features:
1. Multiple Simple Moving Averages (SMA)
• SMA 7 (Red) - Very short-term trend
• SMA 20 (Blue) - Short-term trend
• SMA 50 (Black) - Medium-term trend
• SMA 200 (Magenta) - Long-term trend
• All SMAs can be individually shown/hidden
2. 52-Week High/Low (Bursa Malaysia Standard)
• Uses 252 trading days
• 52W High (Green) - Yearly resistance level
• 52W Low (Red) - Yearly support level
• Detects breakouts at these critical levels
3. Bollinger Bands
• BB Length: 20 (customizable)
• Standard Deviation: 2.0
• Special candlestick coloring:
◦ Yellow: Price open & close below Lower BB (strong oversold signal)
◦ Purple: Price below Lower BB
4. Breakout Detection
• Detects breakouts with volume confirmation
• Breakout period: 20 bars (customizable)
• Volume Multiplier: 1.5x above MA20
• Candlestick coloring:
◦ Aqua 🌊: 52-week high breakout
◦ Orange 🍊: 52-week low breakdown
◦ Lime 🟢: Bullish breakout
◦ Magenta 🟣: Bearish breakout
5. Jerun Trend Signals (Trend Confirmation)
• 🦈 Jerun Buy (Aqua): Uptrend confirmation
◦ SMA7 > SMA20 > SMA50 (alignment)
◦ Price above SMA7
◦ Bullish candle with consecutive rises
• 🔥 Jerun Sell (Orange): Downtrend warning
◦ SMA7 < SMA20 < SMA50 (downtrend alignment)
◦ Price below SMA7
◦ Bearish candle with consecutive declines
6. Strong Momentum Detection
• 🚀 Signal: Strong momentum with criteria:
◦ Candle size > 1.5x ATR(14)
◦ Price increase ≥ 3% (threshold customizable)
◦ Volume spike (1.5x above MA20)
◦ Price above SMA7
7. Golden Cross & Death Cross
• 🐃 Golden Cross (Lime): Bullish signal
◦ SMA50 crosses above SMA200 (most powerful)
◦ SMA20 crosses above SMA50
• 🐻 Death Cross (Red): Bearish warning
◦ SMA50 crosses below SMA200
◦ SMA20 crosses below SMA50
📍 Visual Components:
1. Moving Average Lines - 4 SMA lines with distinct colors
2. 52W High/Low Lines - Stepline style for yearly levels
3. Bollinger Bands - 3 lines (upper, middle, lower)
4. Candlestick Colors - Dynamic coloring based on conditions
5. Signal Emojis - 🚀🦈🔥🐃🐻 for quick visual reference
6. Price Labels - Current value labels on the right side of chart
🎯 Usage:
• LONG Only: Focus on buy signals (Bursa Malaysia restriction)
• Entry Signals: Jerun Buy 🦈, Strong Momentum 🚀, Golden Cross 🐃
• Confirmation: Volume spike + Breakout + SMA alignment
• Risk Warning: Jerun Sell 🔥, Death Cross 🐻
• Oversold Opportunity: Yellow/purple candlesticks (price below BB Lower)
⚙️ Customizable Settings:
All parameters can be modified through indicator settings:
• SMA periods
• Breakout length
• Volume multiplier
• Momentum threshold
• Bollinger Bands parameters
• Toggle display for each feature
This indicator is suitable for traders who want a complete system with multiple confirmation signals for entry and risk management. 🚀📈
This Pine Script v5 indicator is a comprehensive technical analysis system that combines multiple essential components for stock trading on Bursa Malaysia (LONG-only strategies).
✨ Key Features:
1. Multiple Simple Moving Averages (SMA)
• SMA 7 (Red) - Very short-term trend
• SMA 20 (Blue) - Short-term trend
• SMA 50 (Black) - Medium-term trend
• SMA 200 (Magenta) - Long-term trend
• All SMAs can be individually shown/hidden
2. 52-Week High/Low (Bursa Malaysia Standard)
• Uses 252 trading days
• 52W High (Green) - Yearly resistance level
• 52W Low (Red) - Yearly support level
• Detects breakouts at these critical levels
3. Bollinger Bands
• BB Length: 20 (customizable)
• Standard Deviation: 2.0
• Special candlestick coloring:
◦ Yellow: Price open & close below Lower BB (strong oversold signal)
◦ Purple: Price below Lower BB
4. Breakout Detection
• Detects breakouts with volume confirmation
• Breakout period: 20 bars (customizable)
• Volume Multiplier: 1.5x above MA20
• Candlestick coloring:
◦ Aqua 🌊: 52-week high breakout
◦ Orange 🍊: 52-week low breakdown
◦ Lime 🟢: Bullish breakout
◦ Magenta 🟣: Bearish breakout
5. Jerun Trend Signals (Trend Confirmation)
• 🦈 Jerun Buy (Aqua): Uptrend confirmation
◦ SMA7 > SMA20 > SMA50 (alignment)
◦ Price above SMA7
◦ Bullish candle with consecutive rises
• 🔥 Jerun Sell (Orange): Downtrend warning
◦ SMA7 < SMA20 < SMA50 (downtrend alignment)
◦ Price below SMA7
◦ Bearish candle with consecutive declines
6. Strong Momentum Detection
• 🚀 Signal: Strong momentum with criteria:
◦ Candle size > 1.5x ATR(14)
◦ Price increase ≥ 3% (threshold customizable)
◦ Volume spike (1.5x above MA20)
◦ Price above SMA7
7. Golden Cross & Death Cross
• 🐃 Golden Cross (Lime): Bullish signal
◦ SMA50 crosses above SMA200 (most powerful)
◦ SMA20 crosses above SMA50
• 🐻 Death Cross (Red): Bearish warning
◦ SMA50 crosses below SMA200
◦ SMA20 crosses below SMA50
📍 Visual Components:
1. Moving Average Lines - 4 SMA lines with distinct colors
2. 52W High/Low Lines - Stepline style for yearly levels
3. Bollinger Bands - 3 lines (upper, middle, lower)
4. Candlestick Colors - Dynamic coloring based on conditions
5. Signal Emojis - 🚀🦈🔥🐃🐻 for quick visual reference
6. Price Labels - Current value labels on the right side of chart
🎯 Usage:
• LONG Only: Focus on buy signals (Bursa Malaysia restriction)
• Entry Signals: Jerun Buy 🦈, Strong Momentum 🚀, Golden Cross 🐃
• Confirmation: Volume spike + Breakout + SMA alignment
• Risk Warning: Jerun Sell 🔥, Death Cross 🐻
• Oversold Opportunity: Yellow/purple candlesticks (price below BB Lower)
⚙️ Customizable Settings:
All parameters can be modified through indicator settings:
• SMA periods
• Breakout length
• Volume multiplier
• Momentum threshold
• Bollinger Bands parameters
• Toggle display for each feature
This indicator is suitable for traders who want a complete system with multiple confirmation signals for entry and risk management. 🚀📈
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.