OPEN-SOURCE SCRIPT
Core SMA Set
Description:
This indicator automatically plots the most important moving averages onto your chart in a single package. It locks in the exact daily and weekly lines, meaning you can see the larger market trends even when you are zoomed in on a shorter timeframe like a 5-minute or 1-hour chart.
What's Included:
10-Day Average: Blue line
20-Day Average: Yellow line
50-Day Average: Green line
120-Day Average: White dotted line
200-Day Average: Red line
200-Week Average: Thick white line
This setup saves indicator slots and eliminates the need to constantly switch timeframes to check major support and resistance levels. It provides a clear, color-coded view of short, medium, and long-term trends at a glance.
This indicator automatically plots the most important moving averages onto your chart in a single package. It locks in the exact daily and weekly lines, meaning you can see the larger market trends even when you are zoomed in on a shorter timeframe like a 5-minute or 1-hour chart.
What's Included:
10-Day Average: Blue line
20-Day Average: Yellow line
50-Day Average: Green line
120-Day Average: White dotted line
200-Day Average: Red line
200-Week Average: Thick white line
This setup saves indicator slots and eliminates the need to constantly switch timeframes to check major support and resistance levels. It provides a clear, color-coded view of short, medium, and long-term trends at a glance.
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.