Triple SMA Indicator

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Triple SMA Indicator

The Triple SMA Indicator is a simple and effective tool for visualizing three customizable Simple Moving Averages (SMAs) on your chart. It’s ideal for traders looking to analyze short, medium, and long-term trends, with the flexibility to adjust SMA periods and colors to suit any trading strategy.

Features:

Customizable Periods: Define the fast, medium, and slow SMA periods to match your trading approach. Defaults are set to 10, 20, and 50.
Clear Visualization: SMAs are displayed in distinct colors (red, orange, green) for intuitive chart analysis.
Multi-Timeframe Adaptability: Calculate higher-timeframe SMAs (e.g., daily or weekly) on lower-timeframe charts for enhanced perspective.
How to Use:

Daily SMAs on Intraday Charts:

If you want to replicate daily SMAs on lower timeframes, adjust the SMA periods accordingly:
On a 1-hour chart (24 candles per day):

5-day SMA → 120 periods
20-day SMA → 480 periods
50-day SMA → 1200 periods

On a 30-minute chart (48 candles per day):
5-day SMA → 240 periods
20-day SMA → 960 periods
50-day SMA → 2400 periods

Trend Identification:

Use the fast SMA (e.g., 10-period) for short-term momentum.
The medium SMA (e.g., 20-period) highlights medium-term trends.
The slow SMA (e.g., 50-period) captures long-term market direction.

Dynamic Support and Resistance:

SMAs often act as dynamic levels of support or resistance, helping refine trade entries and exits.

Examples:

On a daily chart, use periods of 5, 20, and 50 to represent weekly, monthly, and quarterly trends.
On a 1-hour chart, set periods to 120, 480, and 1200 to observe equivalent daily trends.

This indicator is perfect for traders who need a simple but effective way to track trends, whether on intraday or higher timeframes. Configure it to your liking and start integrating it into your trading routine today!