SMA Ribbon [CS] - Default Style (v5)

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The SMA Ribbon [CS] is a trend-following moving average ribbon designed to visualize momentum, trend strength, and long-term market structure. It plots 8 Simple Moving Averages with progressively larger periods, starting from short-term (7) to very long-term (400). This creates a layered "ribbon" effect on the chart.

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This indicator displays a multi-period Simple Moving Average (SMA) ribbon to help visualize short-term and long-term trend structure. The ribbon is composed of eight SMAs with customizable periods, allowing traders to see how price interacts with both fast and slow moving averages.

When shorter-period SMAs are stacked above longer-period SMAs, the market is generally trending upward. When shorter-period SMAs are below longer-period SMAs, the market is generally trending downward. The spacing and compression of the ribbon can also indicate trend strength or potential reversals.

This version includes:

Adjustable SMA lengths

Source selection (close, open, hlc3, etc.)

Optional shifting of the ribbon forward on the chart

Clean and thin visual styling for clarity

Useful for:

Identifying trend direction

Spotting trend reversals

Detecting transitional phases (compression / expansion)

Swing trading, scalping, and long-term analysis