SMA Channel Alerts

The "SMA Channel with Alerts" indicator is designed to help traders visualize dynamic support and resistance zones based on a simple moving average (SMA). It computes the SMA on a user-specified timeframe and then applies user-configurable percentage deviations to generate a price channel. The channel consists of five lines:

Central SMA: The primary moving average (default is 12-period on a daily timeframe).

Upper Lines: Two lines plotted above the SMA, representing small and large positive percentage offsets.

Lower Lines: Two lines plotted below the SMA, representing small and large negative percentage offsets.

Key Features:

Customizable SMA:

Choose the SMA length.

Select the timeframe for the SMA calculation.

Specify the data source (default is closing price).

Adjustable Percentage Offsets:

Configure the upward offsets (small and large) as percentages.

Configure the downward offsets (small and large) as percentages.

Versatile Alert System:

Set alerts for price crossing any channel line upward or downward.

Receive individual alerts for each line when crossed in either direction.

A consolidated alert option for any crossing across all channel lines.

How to Use the Indicator:

Configuration:

Adjust the SMA settings (length, timeframe, source) to match your trading strategy.

Set your desired percentage deviations for the channel lines.

Alert Setup:

Open TradingView's alert creation window.

Choose the specific alert condition from the indicator (e.g., “Any Cross Upper Large (+)” or “Any Cross ANY Line”).

Configure your alert preferences (notification type, sound, etc.).

Trading Application:

Use the channel lines to gauge potential support and resistance levels.

Monitor the alerts for timely notifications when the price breaks through these key levels, signaling possible trend shifts or breakout opportunities.

This indicator is ideal for traders looking for a visual method to monitor price action relative to a moving average-based channel and to automate alert notifications for better trade timing.