OPEN-SOURCE SCRIPT
Atualizado

Smart Moving Averages

6897
Smart Moving Averages analyzes the dynamic interplay between price action and multiple moving averages to identify high-probability support and resistance zones.

The script's distinguishing features include:

  • Bounce detection that filters out noise by requiring specific penetration thresholds (0.1-1.5%), helping traders identify genuine support tests versus false signals
  • Real-time MA clustering analysis that reveals zones where multiple moving averages converge, indicating potentially stronger support/resistance levels
  • Statistical tracking of bounce success rates for each MA, allowing traders to identify which moving averages are most reliable for the current market conditions
  • Power bounce detection that combines EMA spread analysis with trend confirmation, highlighting especially strong bullish setups
  • Visual stack status system that instantly communicates market health through an intuitive color-coded display showing how many MAs are below price


The script helps traders make more informed decisions by quantifying the historical reliability of different moving averages while providing real-time analysis of MA interactions with price. This systematic approach moves beyond simple MA crossovers to identify higher probability trading opportunities.
Notas de Lançamento
Cluster transparency changes depending on the number of MAs in the cluster.
Notas de Lançamento
cosmetics
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Why is this indicator useful and unique?

  • You won't need to add multiple moving averages to your chart and will be monitoring support on many moving averages at once. It also checks for clustering and adds a visual representation of them. Cluster of MAs equals stronger support, seen as a green area below price.
  • It uses historical data to calculate the probability that a given moving average will support price
  • It allows users to be notified on moving average bounces, which may be powerful entries


The video below describes it:
Notas de Lançamento

  • 100SMA -> 150SMA (more useful)
  • tooltip on status now contains distances to MAs
Notas de Lançamento
Fixed bug in the status indicator.

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