OPEN-SOURCE SCRIPT
SMA (5,20,50)
This script adds three Simple Moving Averages (SMA) to your chart with periods of 5, 20, and 50. It visually highlights the trends by shading the areas between these lines:
- Green shading: Indicates an upward trend, where the shorter SMA is above the longer SMA.
- Red shading: Indicates a downward trend, where the shorter SMA is below the longer SMA.
The shading uses different opacities to show the strength of the trend. This helps you quickly identify potential buying or selling opportunities.
- Green shading: Indicates an upward trend, where the shorter SMA is above the longer SMA.
- Red shading: Indicates a downward trend, where the shorter SMA is below the longer SMA.
The shading uses different opacities to show the strength of the trend. This helps you quickly identify potential buying or selling opportunities.
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