OPEN-SOURCE SCRIPT
New Trading
// This indicator plots a Simple Moving Average (SMA) directly on the price chart.
// The line color changes dynamically based on the SMA's direction:
// green when the average is rising, red when it is falling.
// Use the "Length" input to control the smoothing period, and the "Source"
// input to choose which price series (close, open, hl2, etc.) the SMA is calculated on.
// The line color changes dynamically based on the SMA's direction:
// green when the average is rising, red when it is falling.
// Use the "Length" input to control the smoothing period, and the "Source"
// input to choose which price series (close, open, hl2, etc.) the SMA is calculated on.
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.