OPEN-SOURCE SCRIPT
5-Day SMA
Pine Script v5 indicator that plots a 5-day Simple Moving Average with configurable styling options:
Features:
5-Day SMA: Calculates the simple moving average of the closing price over 5 periods
Configurable Line Color: Choose any color for the line through the settings
Configurable Line Style: Select between Solid, Dashed, or Dotted lines
Line Width: Adjustable from 1 to 5 pixels
The SMA will automatically adjust to your chart's timeframe - whether you're viewing 1-minute, 1-hour, daily, or any other timeframe, it will calculate the moving average over the last 5 periods of that timeframe.
Features:
5-Day SMA: Calculates the simple moving average of the closing price over 5 periods
Configurable Line Color: Choose any color for the line through the settings
Configurable Line Style: Select between Solid, Dashed, or Dotted lines
Line Width: Adjustable from 1 to 5 pixels
The SMA will automatically adjust to your chart's timeframe - whether you're viewing 1-minute, 1-hour, daily, or any other timeframe, it will calculate the moving average over the last 5 periods of that timeframe.
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.