OPEN-SOURCE SCRIPT
DOUBLE SMA
Dual SMA with Smoothing and Bollinger Bands
This advanced moving average indicator allows you to visualize and compare two SMAs (Simple Moving Averages) on a chart, with additional smoothing and Bollinger Bands options for enhanced technical analysis.
Key Features:
✅ Two Simple Moving Averages (SMA):
SMA 1 is mandatory, with adjustable length and offset.
SMA 2 is optional and fully customizable, including length, offset, and color.
✅ Smoothing Options for SMA 1:
Multiple moving average types: SMA, EMA, SMMA (RMA), WMA, and VWMA.
Bollinger Bands (optional): Automatically calculated when "SMA + Bollinger Bands" is selected.
✅ Smart Validations:
Prevents unnecessary calculations when the smoothing length is smaller than the SMA length.
SMA 2 is only plotted if enabled by the user.
✅ Customizable Settings:
Configure length, color, and offset for both SMAs.
Smoothing options with standard deviation control for Bollinger Bands.
How to Use It?
1- Set up SMA 1, selecting its length and data source.
2- Enable SMA 2 if you want to compare two moving averages, and adjust its parameters.
3- Activate smoothing if you need a more refined trend representation.
4- Select "SMA + Bollinger Bands" to visualize volatility zones and overbought/oversold levels.
This indicator is perfect for traders analyzing moving average crossovers, market trends, and high-volatility areas with Bollinger Bands. 🚀
This advanced moving average indicator allows you to visualize and compare two SMAs (Simple Moving Averages) on a chart, with additional smoothing and Bollinger Bands options for enhanced technical analysis.
Key Features:
✅ Two Simple Moving Averages (SMA):
SMA 1 is mandatory, with adjustable length and offset.
SMA 2 is optional and fully customizable, including length, offset, and color.
✅ Smoothing Options for SMA 1:
Multiple moving average types: SMA, EMA, SMMA (RMA), WMA, and VWMA.
Bollinger Bands (optional): Automatically calculated when "SMA + Bollinger Bands" is selected.
✅ Smart Validations:
Prevents unnecessary calculations when the smoothing length is smaller than the SMA length.
SMA 2 is only plotted if enabled by the user.
✅ Customizable Settings:
Configure length, color, and offset for both SMAs.
Smoothing options with standard deviation control for Bollinger Bands.
How to Use It?
1- Set up SMA 1, selecting its length and data source.
2- Enable SMA 2 if you want to compare two moving averages, and adjust its parameters.
3- Activate smoothing if you need a more refined trend representation.
4- Select "SMA + Bollinger Bands" to visualize volatility zones and overbought/oversold levels.
This indicator is perfect for traders analyzing moving average crossovers, market trends, and high-volatility areas with Bollinger Bands. 🚀
Skrip sumber terbuka
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.
For quick access on a chart, add this script to your favorites — learn more here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Skrip sumber terbuka
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.
For quick access on a chart, add this script to your favorites — learn more here.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.