OPEN-SOURCE SCRIPT
Updated Multi-Timeframe SMA with Percentage Differences
Short Description: Visualize multiple SMAs and track percentage differences between them.
Long Description:
This indicator helps traders visualize multiple Simple Moving Averages (SMAs) on various timeframes and track the percentage differences between them. By showing the percentage differences, traders can quickly understand the relative distance between SMAs, making it easier to identify potential trends, reversals, or support and resistance levels.
Key Features:
Displays four different SMAs (20, 50, 100, and 200) on the chart.
Calculates and shows the percentage differences between consecutive SMAs.
Adjusts the SMAs and percentage differences based on the selected timeframe.
How to Use:
Add the indicator to your chart.
Customize the SMA lengths according to your preferences.
Observe the plotted SMAs and percentage differences between them.
When the shorter-term SMA is above the longer-term SMA, it is generally considered a bullish signal. Conversely, if the shorter-term SMA is below the longer-term SMA, it is considered a bearish signal. The percentage differences between the SMAs can help traders gauge the strength of the trend and potential for reversals.
Please note that this indicator should be used in conjunction with other technical analysis tools and should not be solely relied upon for making trading decisions. Always consider additional factors and consult with a financial professional before making any investment decisions.
Long Description:
This indicator helps traders visualize multiple Simple Moving Averages (SMAs) on various timeframes and track the percentage differences between them. By showing the percentage differences, traders can quickly understand the relative distance between SMAs, making it easier to identify potential trends, reversals, or support and resistance levels.
Key Features:
Displays four different SMAs (20, 50, 100, and 200) on the chart.
Calculates and shows the percentage differences between consecutive SMAs.
Adjusts the SMAs and percentage differences based on the selected timeframe.
How to Use:
Add the indicator to your chart.
Customize the SMA lengths according to your preferences.
Observe the plotted SMAs and percentage differences between them.
When the shorter-term SMA is above the longer-term SMA, it is generally considered a bullish signal. Conversely, if the shorter-term SMA is below the longer-term SMA, it is considered a bearish signal. The percentage differences between the SMAs can help traders gauge the strength of the trend and potential for reversals.
Please note that this indicator should be used in conjunction with other technical analysis tools and should not be solely relied upon for making trading decisions. Always consider additional factors and consult with a financial professional before making any investment decisions.
Release Notes
🔍 Key Features:✅ SMA Layers: Plots 20, 50, 100, and 200-period SMAs
📏 % Difference Labels: See how far apart each pair of MAs is (%)
🎯 Stack Strength Meter: Dot system shows how well-aligned your SMAs are (0–3 score)
🧾 Summary Label: Displays current stack status (bullish, bearish, mixed) with relationship details
🟩 Background Ribbon: Green for bullish stack, red for bearish, gray when mixed
⚠️ Golden & Death Cross Alerts: Get notified when SMA 50 crosses SMA 200
🔄 Invert Mode Toggle: Option to show % differences as signed or absolute
📈 Use It For:
Spotting trend strength and early reversals
Timing entries/exits based on compression or clean stacking
Filtering false signals with cross + stack confirmations
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.