SMA 200 Ribbon MTF - Support and Resistance

The SMA 200 is one of the most important and strongest support/resistance lines on any timeframe. This script pulls the SMA 200 line from multiple timeframes so traders can visually see price action bounce between support and resistance . The current timeframes SMA 200 is displayed in white and turns yellow to signify "pressure". Can be used on higher timeframes to find bull action. This indicator can also be used to filter out pumps and dumps as shown in example 3 and 4.

Example of indicator on 5 min timeframe. Candles bounce along SMA200 lines.

Example of indicator on daily timeframe . Lines turn green and price action pumps. Lines turn red and price action dumps.

Example 3: A clean crossover of lines usually signals a bullish pump.

Example 4: Tangled or messy lines tend to result in a dump as price action struggles to cross resistance. A pullback is required to "clean" the lines.

EMA Band can be turned on using "tickbox" in settings menu.
오픈 소스 스크립트

진정한 TradingView의 정신에 따라, 이 스크립트의 작성자는 스크립트를 오픈소스로 게시했기에 거래자들이 이해하고 확인할 수 있습니다. 작가님께 건배! 스크립트를 무료로 사용할 수 있지만, 게시물에서 이 코드를 재사용하는 것은 하우스룰을 따릅니다. 당신은 스크립트를 차트에 사용하기 위해 그것을 즐겨찾기 할 수 있습니다.

차트에 이 스크립트를 사용하시겠습니까?


Since the inputs src and ma_len is going to be the same for each htf_ma (i.e. sma(src, ma_len) do you think removing the lines to calculate sma for each htf_ma will save a few lines and make the script better?
veryfid kvinayaks
@kvinayaks, Hi, Thanks for checking the code. I do a lot of development with multi timeframe moving averages and use this script so I can pull different ma lengths and timeframes into the one script. It would be cleaner to remove such lines but would not make it "better". It would still perform the same and give same functionality. Having these extra lines makes it easier for others to experiment or further develop this script into something else. Cheers
Thankyou veryfid very useful