OPEN-SOURCE SCRIPT
TimeSMA
This is a GREAT SCRIPT. You can now easily view a daily moving average on ANY timeframe, - daily, 2h, 30m, 45sec, etc.
The Problem with a Standard SMA
A 20 SMA on a daily chart averages the last 20 trading days. Switch to a 30m chart and that same "20 SMA" now covers only 10 hours. It's no longer a 20-day SMA — it's just 20 candles of whatever timeframe you're on.
The Fix
Enable Time-Based mode and set Length to 20. Now it's a true 20-day SMA on every timeframe — daily, 2h, 30m, or 5m. The script automatically calculates how many bars are needed to represent exactly 20 trading days.
Features
The Problem with a Standard SMA
A 20 SMA on a daily chart averages the last 20 trading days. Switch to a 30m chart and that same "20 SMA" now covers only 10 hours. It's no longer a 20-day SMA — it's just 20 candles of whatever timeframe you're on.
The Fix
Enable Time-Based mode and set Length to 20. Now it's a true 20-day SMA on every timeframe — daily, 2h, 30m, or 5m. The script automatically calculates how many bars are needed to represent exactly 20 trading days.
Features
- Time-Based mode toggle — works as a standard SMA when disabled
- Vertical line marking the oldest bar included in the calculation
- Bull/bear background shading
- Edge case warnings for monthly timeframes
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.