OPEN-SOURCE SCRIPT
Prism Moving Average Trend
Prism Moving Average Trend | MisinkoMaster
The Prism Moving Average Trend (PriMAT) is an advanced trend-following overlay engineered to capture market regimes with high precision and low latency. By blending sinusoidal weighting mechanics with exponential smoothing, PriMAT creates a fluid, wave-like moving average baseline that dynamically adapts to structural price shifts while filtering out market noise.
Rather than relying solely on price crossovers or raw slope direction, PriMAT incorporates volatility-adjusted bands alongside Rate of Change (ROC) slope confirmation to validate trend transitions, preventing whipsaws during low-volatility consolidation.
How does it work?
Dual-Stage Prism Smoothing Engine:
Sinusoidal Weighting: The inner PRISM algorithm calculates a custom weighted moving average using a trigonometric weighting function ((sin(angle) + cos(angle) + 1) / 2) applied across the lookback window. This distributes weights in a smooth, wave-like curve across historical bars.
Exponential Blending: The weighted base calculation is blended with immediate price action using an exponential factor (alpha = 2 / (1 + len)).
Cascade Smoothing: The script calculates a primary PRISM baseline over the main lookback period (len), followed by a secondary PRISM pass over the square root of the lookback period (sqrtlen) for ultra-smooth tracking without phase lag.
ATR Volatility Bands:
Upper and lower bands are expanded around the double-smoothed Prism line using average true range scaled by a customizable multiplier (vol = ta.atr(len) * mul).
Dual-Condition Regime Logic:
Bullish Shift (1): Triggered when price closes above the upper volatility band (src > upper) AND the Prism line slope is positive (change > 0).
Bearish Shift (-1): Triggered when price closes below the lower volatility band (src < lower) AND the Prism line slope is negative (change < 0).
Integrated Reversal Warning System (Danger Alert):
The indicator measures distance between price and the Prism baseline relative to active trend direction ((src - prism) * trend).
When this metric reaches its lowest point over the lookback window, it highlights the chart background with a bright yellow warning. This alerts you to extreme momentum deceleration or structural exhaustion where price may reverse before the main indicator trend state flips.
Key Features
Hybrid Wave Smoothing: Combines sinusoidal weighting with exponential blending for smooth curve tracking and minimal lag.
Volatility Band Filtering: Requires price to break beyond ATR volatility channels before confirming regime changes, eliminating false signals in tight ranges.
Dynamic Reversal Warnings: Built-in background highlights warn of potential trend exhaustion prior to trend flips.
On-Chart Candle Morphing: Recolors main price candles (vibrant neon teal for bullish regimes, vivid magenta for bearish regimes) to maintain clean visual alignment.
Input Parameters & Optimization Guide
Source: Sets the input price series used for calculations.
Lookback: Sets the evaluation window for the primary Prism calculation and ATR channels. A default of 31 provides strong macro trend stability.
Multiplier: Controls the width of the ATR volatility bands around the Prism line.
Trading Strategies & Execution
Volatility Band Trend Entries
Bullish Alignment: Confirmed when price breaks above the upper Prism band while the Prism slope is positive, flipping price chart candles neon teal.
Bearish Alignment: Confirmed when price breaks below the lower Prism band while the Prism slope is negative, flipping price chart candles vivid magenta.
Divergence & Reversal Alerts (Danger Warnings)
When a yellow background highlight appears during an active trend, it indicates price has moved excessively close to or against the Prism line relative to the lookback period.
Disclaimer: Trading financial markets involves high risk. This technical script is designed as an informational analytical tool to support your rule-based mechanical execution system and does not constitute financial advice.
The Prism Moving Average Trend (PriMAT) is an advanced trend-following overlay engineered to capture market regimes with high precision and low latency. By blending sinusoidal weighting mechanics with exponential smoothing, PriMAT creates a fluid, wave-like moving average baseline that dynamically adapts to structural price shifts while filtering out market noise.
Rather than relying solely on price crossovers or raw slope direction, PriMAT incorporates volatility-adjusted bands alongside Rate of Change (ROC) slope confirmation to validate trend transitions, preventing whipsaws during low-volatility consolidation.
How does it work?
Dual-Stage Prism Smoothing Engine:
Sinusoidal Weighting: The inner PRISM algorithm calculates a custom weighted moving average using a trigonometric weighting function ((sin(angle) + cos(angle) + 1) / 2) applied across the lookback window. This distributes weights in a smooth, wave-like curve across historical bars.
Exponential Blending: The weighted base calculation is blended with immediate price action using an exponential factor (alpha = 2 / (1 + len)).
Cascade Smoothing: The script calculates a primary PRISM baseline over the main lookback period (len), followed by a secondary PRISM pass over the square root of the lookback period (sqrtlen) for ultra-smooth tracking without phase lag.
ATR Volatility Bands:
Upper and lower bands are expanded around the double-smoothed Prism line using average true range scaled by a customizable multiplier (vol = ta.atr(len) * mul).
Dual-Condition Regime Logic:
Bullish Shift (1): Triggered when price closes above the upper volatility band (src > upper) AND the Prism line slope is positive (change > 0).
Bearish Shift (-1): Triggered when price closes below the lower volatility band (src < lower) AND the Prism line slope is negative (change < 0).
Integrated Reversal Warning System (Danger Alert):
The indicator measures distance between price and the Prism baseline relative to active trend direction ((src - prism) * trend).
When this metric reaches its lowest point over the lookback window, it highlights the chart background with a bright yellow warning. This alerts you to extreme momentum deceleration or structural exhaustion where price may reverse before the main indicator trend state flips.
Key Features
Hybrid Wave Smoothing: Combines sinusoidal weighting with exponential blending for smooth curve tracking and minimal lag.
Volatility Band Filtering: Requires price to break beyond ATR volatility channels before confirming regime changes, eliminating false signals in tight ranges.
Dynamic Reversal Warnings: Built-in background highlights warn of potential trend exhaustion prior to trend flips.
On-Chart Candle Morphing: Recolors main price candles (vibrant neon teal for bullish regimes, vivid magenta for bearish regimes) to maintain clean visual alignment.
Input Parameters & Optimization Guide
Source: Sets the input price series used for calculations.
Lookback: Sets the evaluation window for the primary Prism calculation and ATR channels. A default of 31 provides strong macro trend stability.
Multiplier: Controls the width of the ATR volatility bands around the Prism line.
Trading Strategies & Execution
Volatility Band Trend Entries
Bullish Alignment: Confirmed when price breaks above the upper Prism band while the Prism slope is positive, flipping price chart candles neon teal.
Bearish Alignment: Confirmed when price breaks below the lower Prism band while the Prism slope is negative, flipping price chart candles vivid magenta.
Divergence & Reversal Alerts (Danger Warnings)
When a yellow background highlight appears during an active trend, it indicates price has moved excessively close to or against the Prism line relative to the lookback period.
Disclaimer: Trading financial markets involves high risk. This technical script is designed as an informational analytical tool to support your rule-based mechanical execution system and does not constitute financial advice.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
"Better to take a step back, than to stand stuck forever."
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.
Open-source Skript
Ganz im Sinne von TradingView hat dieser Autor sein/ihr Script als Open-Source veröffentlicht. Auf diese Weise können nun auch andere Trader das Script rezensieren und die Funktionalität überprüfen. Vielen Dank an den Autor! Sie können das Script kostenlos verwenden, aber eine Wiederveröffentlichung des Codes unterliegt unseren Hausregeln.
"Better to take a step back, than to stand stuck forever."
Haftungsausschluss
Die Informationen und Veröffentlichungen sind nicht als Finanz-, Anlage-, Handels- oder andere Arten von Ratschlägen oder Empfehlungen gedacht, die von TradingView bereitgestellt oder gebilligt werden, und stellen diese nicht dar. Lesen Sie mehr in den Nutzungsbedingungen.