[TL5 SMA] SMA-ALMA Momentum SystemA structured multi-moving-average framework designed to identify trend alignment, momentum shifts, and directional bias using a clean and intuitive visual system.
This indicator combines short-term responsiveness with medium- and long-term structure to help traders quickly assess market conditions without clutter.
๐ What This Indicator Does
This script plots:
โข SMA 8 โ Short-term momentum
โข ALMA 30 โ Adaptive smoothing filter to reduce noise
โข SMA 20 โ Short-term structure level
โข SMA 50 โ Medium-term trend reference
โข SMA 77 โ Long-term filter (colored by smoothed RSI momentum)
โข RSI Background Bias โ Visual bullish/bearish environment filter
๐ฏ Core Concept
The framework is built around trend stacking and momentum confirmation:
โข When 8 > 20 > 50 > 77 โ Strong bullish structure
โข When 8 < 20 < 50 < 77 โ Strong bearish structure
โข RSI above 50 โ Bullish market bias
โข RSI below 50 โ Bearish market bias
โข SMA 77 color reflects smoothed RSI momentum direction
This allows traders to:
Identify trend continuation zones
Avoid counter-trend trades
Quickly assess structural alignment
Filter noise using ALMA
๐ How It Can Be Used
โ Intraday trading
โ Swing trading
โ Trend continuation entries
โ Pullback setups within dominant trend
โ Bias confirmation tool
Works well on indices, forex, crypto, and commodities.
โ ๏ธ Disclaimer
This script is for educational purposes only and does not constitute financial advice. Always use proper risk management.
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